Foreclosure Fraud Settlement Filing Leads To Spike in Foreclosure Activity

Foreclosure Fraud Settlement Filing Leads To Spike in Foreclosure Activity

Moneybox
A blog about business and economics.
March 15 2012 11:37 AM

Foreclosure Fraud Settlement Filing Leads To Spike in Foreclosure Activity

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National foreclosure activity had been in a lull for a while, not so much because people weren't having trouble paying their mortgages as because litigation around foreclosure fraud has brought activity to a very sluggish pace. Now that banks and state attorneys-general have filed papers on a settlement, people are back to losing their houses.

Matthew Yglesias is the executive editor of Vox and author of The Rent Is Too Damn High.

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