http://www.housingwire.com/20 – Piggington's Econo-Almanac

April 23, 2008 at 1:21 PM #193440

Participant

http://www.housingwire.com/2008/04/23/two-thirds-of-california-defaults-end-in-foreclosure-report/

So far two thirds of default end in foreclosure. I think this clearly means it will get much worse. This was only the first wave and the housing credit lead the way. Next the consumer credit card, car loans, etc…. default.