Affecting Foreclosure Timelines: Unemployment Benefits, MBA DQ Survey, MBIA vs. BofA, Obamacare Inspiring Layoffs


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Fiscal Slope: 2 Million to Lose Emergency Unemployment Benefits – by Bill McBride – Calculated Risk 
(5 observations) Q3 MBA National Delinquency Survey Graph and Comments – by Bill McBride – Calculated Risk – A few comments from Mike Fratantoni, MBA’s Vice President of Research and Economics, on the Q3 MBA National Delinquency Survey conference call.
• Significant drop in “shadow inventory” with the declines in the 90+ day delinquency and in foreclosure categories.
• This was the largest decline in foreclosure inventory ever recorded. … 3 more … 

MBIA claims could cost BofA well over $4 billion in rescission damages – By Kerri Ann Panchuk – Housingwire 
(will ObamaCare layoffs inpact DQs and FCs?) Widespread Employment Changes May Result In More Problems For Housing Industry – by Donna S. Robinson – Realty Biz Daily 

For Rob Chrisman’s latest daily post, click here.

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