New State by State Foreclosure Analysis

Chairman of the Joint Economic Committee (JEC), released a state-by-state analysis showing that subprime mortgages in foreclosure have increased from the third to the fourth quarter last year in EVERY state, and prime mortgages in foreclosure have increased in all but two states (Montana and South Dakota).  The JEC analysis of the Mortgage Banker's Association record-setting foreclosure data in the fourth quarter of 2007 is attached.