The New York Times rambles, and mangles mortgages along the way

The New York Times rambles, and mangles mortgages along the way

Mortgage finance and mortgage regulation aren’t the paper’s strong suits

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Servicing / The Ticker

Different foreclosure timelines create bifurcated housing recovery

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"Broadly, states with a nonjudicial process witnessed a sharper decline in home prices at the beginning of the downturn, but are currently enjoying price appreciation," Michelle Meyer with Bank of America-Merrill Lynch told Business Insider. "This is due to a more efficient disposition of delinquent supply, leaving lean inventory in many markets."

 

Source: Sam Ro
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