by CalculatedRisk on 7/10/2008 09:10:00 AM

From Bloomberg: U.S. Foreclosures Rose 53% in June, Bank Seizures Almost Triple

U.S. foreclosure filings rose 53 percent in June from a year earlier and bank repossessions almost tripled ... More than 252,000 properties, or one in every 501 U.S. households, were in some stage of foreclosure, [said] RealtyTrac Inc. ... Filings fell 3 percent from May.
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``The foreclosure problem is getting worse and will stay with us well into the next decade,'' Mark Zandi, chief economist for Moody's Economy.com in ... said in an interview.