Quote Originally Posted by Fred
Stay tuned here at iTulip.com while we track this indicator.
As promised here is an updated version of the chart through August. Note that the trend upward is accelerating. In fact last week in CA more than $80M in loans went back to the lender (and that was a short week due to Labor day). That number does not include the junior loans that were wiped out by those foreclosures, nor does it include the junior loans that avoided being wiped out by purchasing the senior loan at sale (which show below as Sold to 3rd Party). For example of the 11 that sold to a 3rd party in July in the example county below, 8 were purchased by a junior lender, essentially increasing the number of loans "Sold to the Lender" even further.

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Statistics from one northern California county.