Judicial Foreclosure Process Hurting More Than Helping

Posted To: MND NewsWire

We noted a few months ago that Freddie Mac's monthly Insights and Outlook had changed in both format and publication schedule and credited those changes to its new chief economist Sean Becketti. Another innovation is their feature "In Closing" which learns more toward an editorial than a news piece. This month the subject is titled "the cost of delaying the unavoidable " and it looks at the impact of state level foreclosure laws. The Great Recession brought about a lot of regulatory changes to financial services, especially in housing, in an attempt to avoid a repeat of the devastation. As bad as the downturn was there was substantial variations in its impact across the states, usually as a result of differences in each states economic composition. But Freddie Mac says some can be traced to...(read more)

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