May 22, 2012

REO Inventory Heat Map

We got a lot of questions about REO inventory and shadow inventory this morning on the conference call announcing the new survey on consumer attitudes toward foreclosure from Trulia and RealtyTrac. This heat map shows where the highest levels of REO inventory...(read more)

Medical Bankruptcy

Consumer Debt Rose $21 Billion Last Month Thanks to Credit Card Use

The total amount of consumer credit circulating in the United States rose by more than $21 billion last month, raising concerns that more people … [Read More...]

ResCap Files For Bankruptcy, Eyes Paying Back Taxpayer Bailout Money

Ally Financial Inc’s mortgage unit, named Residential Capital (ResCap for short), filed for bankruptcy on Monday, according to Reuters. Ally … [Read More...]