Journal Article
Beyond the foreclosure inventory: the impact of start rates and transition rates in five counties
Abstract: Since 2007, the rate of mortgage foreclosures has risen in all five states (Illinois, Indiana, Iowa, Michigan, and Wisconsin) in the Federal Reserve?s Seventh District. Rising foreclosure rates obviously signal problems in housing markets, but the inventory of foreclosed loans, meaning the number of loans under formal foreclosure status at a given moment, actually reflects two actions that occur at distinct phases of the foreclosure process.
Keywords: Interest rates; Foreclosure;
Access Documents
File(s): File format is application/pdf http://www.chicagofed.org/digital_assets/publications/profitwise_news_and_views/2011/PNV_Apr2011_ReEd_FINAL_web.pdf
Authors
Bibliographic Information
Provider: Federal Reserve Bank of Chicago
Part of Series: Profitwise
Publication Date: 2011
Issue: Apr
Pages: 2-7