Anyone know why the November numbers broke the trend so decisively only to have the trend reasserted with a vengeance in December? Someone mentioned in a previous post that maybe the November numbers represented a seasonal issue, or perhaps loan modifications were increasing, which I couldn’t disagree with. But the December numbers are a nightmare. If December is any indication of what 2008 numbers are going to look like… we could see 15,000+ trustee deeds next year, which is 250% of the worst year during the 90s (1996 to be exact). Oh Lawzy… lawzy lawzy lawzy.
