Wide spread mortgage service fraud is adding to the foreclosure problem. Abuse in this area is pervasive and has been going on for a long time.
This post provides a link to Yves Smith explaining the foreclosure/mortgage mess on BNN.
For more than three months Yves Smith has written daily on the unfolding foreclosure documentation crisis at Naked Capitalism. She has written this exclusive summary of her work for GEI.
A foreclosure moratorium could have a complex effect on residential real estate markets. Housing sales could decline but prices could rise at first. Later sales could rebound and prices drop.
A new study suggests that “defensive medicine” and malpractice insurance costs are much less that has previously been thought.