Sunday, October 12, 2008

100 foreclosures, 41 different lenders

One hundred new Dane County foreclosures were filed in the month of September. Here's what we found when we dug a little deeper into the numbers:

  • Nine different lenders accounted for 54 of the 100 filings.
  • A total of 32 different lenders accounted for the remaining 46.

That's 41 different lenders who filed foreclosure suits in the month of September. It's clear from these numbers that foreclosures are affecting a broad range of lenders.

It's also clear that a minority of the lenders are accounting for a majority of the foreclosures. This graph shows the 9 lenders who filed 4 or more foreclosure lawsuits during September. Note how most of these lenders represent large national or multi-national companies.

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