Is the housing market healing?
Definitely some interesting number-crunching...
Ever since banks began revamping their foreclosure procedures last fall, tracking foreclosure activity has provided little insight into the state of the American homeowner. Banks are increasing their shadow foreclosure inventory while decreasing the number of actual foreclosures that occur, skewing the numbers. Luckily, there's another way we can check up on how borrowers are doing -- by considering delinquencies. Looking at the latest data from Freddie Mac, they appear to be improving, slowly.