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What the foreclosure data teaches us

by LiveModern Webmaster last modified Jan 04, 2012 04:21 AM
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by Michael Lewyn last modified Mar 21, 2011

I recently finished reading Foreclosing the Dream, by William Lucy. The most interesting parts of this book are the first chapter and the last appendix, both of which tell us where foreclosures are (or at least were in 2008, before the foreclosure crisis morphed into an international economic downturn). These figures seem to me to debunk at least a couple of the more popular explanations of the foreclosure crisis, such as: Myth 1: "Its all the fault of too much lending to the urban poor." read more






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