The Process, Data, and Costs of Mortgage Foreclosure Page: 3 of 16
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Contents
Introduction ...................................................... 1
The General Foreclosure Process ..................................... 1
Foreclosure Under A Traditional Lending Framework ................. 1
Foreclosure Under A Structured Financing Framework ................ 3
More on Foreclosure Incentives ................................. 4
Measuring U.S. Foreclosures ....................................... 6
Foreclosure Data Sources ...................................... 6
The National Delinquency Survey ............................. 6
R ealtyT rac ...............................................6
Loan Performance Securitized Subprime Loans .................. 7
Credit Bureau Data ....................................... 7
M easurement Issues ....................................... 8
Tracking Foreclosure Activity ................................... 8
Estimates of Foreclosure Costs ..................................... 12
List of Figures
Figure 1. Percentage of Foreclosures by Aggregate Category ............... 9
Figure 2. Percentage of Foreclosures FRM versus ARM .................. 10
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The Process, Data, and Costs of Mortgage Foreclosure, report, October 20, 2008; Washington D.C.. (https://digital.library.unt.edu/ark:/67531/metadc808485/m1/3/: accessed April 26, 2024), University of North Texas Libraries, UNT Digital Library, https://digital.library.unt.edu; crediting UNT Libraries Government Documents Department.