[Always Right]

Saying Foreclosures declined 10% since last month does not make a scary headline.

[BlabItGrabIt]

People getting thrown out on the streets ever since Pelosi became Speaker of the House.

Unexpectedly, the dims are no longer getting the free pass from the public on their crimes. Glory Hallelujah

[rebel_yell2]

As a statistician, I read this as the foreclosure rate has peaked and things are getting better, but that does not jibe with the headline, does it?

[Dutchguy]

Pretty big decrease (19.5%) in new applications as well, according to the Mortgage Bankers Association:
http://www.mortgagebankers.org/NewsandMedia/PressCenter/58951.htm

[King_Corey]

Was a time when you gave people a loan based on reality and merit. And when your word was worth more than a signature on a piece of paper. Of course these loans are backed by real property so the risk was lower. But they are fools to invest in this market.

And yes I used to work in the Mortgage industry. Back then our bad loans were ALT A, and we wouldn’t touch subprime, B or C Credit.

[Fitzcarraldo]

I’ll buy a new car and house when I see auto dealers and real estate agents living in tents. Then I know I’ll get a good deal.