Crisis of People Losing Their Homes to Foreclosure

Since housing prices began their precipitous decline in January 2007 and foreclosure rates skyrocketed, no one has assessed exactly how many mortgages have ended in foreclosure or who has been affected. Although a number of helpful mortgage databases are accessible, there is no authorized, nationwide, publicly available census of completed foreclosures or affiliated demographic information. In this report, we seek to shed light on the nation's foreclosure crisis by using government and industry data to estimate the number of foreclosures in recent years and their impact by race and ethnicity. More expressly, we assess ...