Text size [+][-] Saturday November 21 2009GLOBAL EDITION
Home > Breakingview TV > Foreclosures
By Dwight Cass
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US foreclosures rose 55% in July over the year-earlier period, and were 8% higher than in June, according to RealtyTrac, a firm that tracks the real estate market. Bank repossessions rose 184% year-over-year. The firm has over 750,000 properties in its bank-owned real estate database, representing about 17% of all homes for sale. Fannie Mae had 54,173 single-family foreclosed properties in its portfolio as of June 30, up from 27,144 in the year-earlier period. Freddie Mac had 22,029 properties in its inventory at the end of June, up from 10,260 a year earlier.
dwight.cass@breakingviews.com