October 15, 2009
The New York Times cited SPPD Professor Richard Green about U.S. foreclosure filings, which climbed to a record high in the third quarter as lenders seized more properties from delinquent borrowers. "The problem is prime loans going into foreclosure and people being underwater and losing their jobs," Green said in a Bloomberg News story. "It's a really bad number." Green is director and chair of the USC Lusk Center for Real Estate.
The New York Times cited SPPD Professor Richard Green about U.S. foreclosure filings, which climbed to a record high in the third quarter as lenders seized more properties from delinquent borrowers. "The problem is prime loans going into foreclosure and people being underwater and losing their jobs," Green said in a Bloomberg News story. "It's a really bad number." Green is director and chair of the USC Lusk Center for Real Estate.