foreclosure

NEW YORK (Reuters) - Home foreclosures and the rate of homes entering foreclosure rose to record highs in the second quarter, the Mortgage Bankers Association said on Friday.

"The national foreclosure numbers continue to be driven by the hardest-hit states continuing to get much worse," Jay Brinkmann, the association's chief economist and senior vice president for research and economics, said in a news release.

The increases in foreclosures in California and Florida overwhelmed improvements in states such as Texas, Massachusetts and Maryland, he said.

"It is unsurprising that mortgage delinquencies picked up further in the second quarter," John Ryding, chief economist, and Conrad DeQuadros, senior economist, at RDQ Economics in New York, said in commentary.

"However, the increase in delinquencies and foreclosures up to this point is most likely predominantly the product of poor underwriting standards. Going forward, we have to overlay the weak economy and labor market picture as this more traditional driver of delinquencies will probably become more of a factor," they said. … [Read more]

In swing-state Florida, the state is refusing to accept about 85,000 new registrations from voter drives – overwhelming Black voters.

In swing state New Mexico, HALF of the Democrats of Mora, a dirt poor and overwhelmingly Hispanic county, found their registrations disappeared this year, courtesy of a Republican voting contractor.

In swing states Ohio and Nevada, new federal law is knocking out tens of thousands of voters who lost their homes to foreclosure.
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