Author Archives: Yves Smith

Wolf Richter: What the Heck’s Going on with Foreclosures? Why this Spike?

Yves here. While the recent trend in foreclosures looks alarming, it appears that servicers are making a push to clear out what they regard as old inventory, even though it appears to be include defaults that started after the crisis. One has to note cynically that they waited to the tail end of the Obama administration […]

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