'09 Foreclosures Hit Million

Dymi, Amilda
July 2009
Mortgage Servicing News;Jul2009, Vol. 13 Issue 6, p24
The article reports on the Center for Responsible Lending's (CRL) data which indicate that the number of new foreclosures starts reached one million in 2009 in the U.S. By the end of 2009, CRL, a nonprofit organization, anticipated a total of 2.4 million foreclosure starts. Michael Calhoun, president of CRL, asserted that the data is alarming and foreclosures will keep the crisis going if the increase continues.


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