[mEDITate-OR:
place the blame in the wrong places for the wrong reasons....
The first chart is in fact three charts of the number of foreclosed homes.
Barclays is ONLY non-agency "securitized RE packaged" loans.
RealtyTrac and Lawler have attempted to cover ALL loans
Compare them to SEE where we are.
What this suggests to U.S. is that the first wave of foreclosures were those non-agency subprime and ARM loans made in the sand states.
and, that now the foreclosures are more unemployment & prime RE loans related.
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How Many Homes Do Banks Have Up Their Sleeves?
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Note: all CR charts are available in LARGE format on their web site.
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This graph shows the increase in Fannie, Freddie and FHA REOs through Q1 2010.
Here is the graph Tom Lawler constructed for REOs at the end of Q4 2009:
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