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Beyond the foreclosure inventory: the impact of start rates and transition rates in five counties

Author

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  • Daniel DiFranco
  • Robin G. Newberger

Abstract

Since 2007, the rate of mortgage foreclosures has risen in all five states (Illinois, Indiana, Iowa, Michigan, and Wisconsin) in the Federal Reserve?s Seventh District. Rising foreclosure rates obviously signal problems in housing markets, but the inventory of foreclosed loans, meaning the number of loans under formal foreclosure status at a given moment, actually reflects two actions that occur at distinct phases of the foreclosure process.

Suggested Citation

  • Daniel DiFranco & Robin G. Newberger, 2011. "Beyond the foreclosure inventory: the impact of start rates and transition rates in five counties," Profitwise, Federal Reserve Bank of Chicago, issue Apr, pages 2-7.
    • Handle: RePEc:fip:fedhpw:y:2011:i:apr:p:2-7
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    File URL: http://www.chicagofed.org/digital_assets/publications/profitwise_news_and_views/2011/PNV_Apr2011_ReEd_FINAL_web.pdf
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    Keywords

    Interest rates; Foreclosure;

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