June 12 (Bloomberg) -- U.S. foreclosure filings surged 90 percent in May from a year earlier as more homeowners fell behind on their monthly mortgage payments, RealtyTrac Inc. said.
A jump in foreclosures at a time of year that traditionally is the busiest for home sales means the slide in prices probably isn't over, said James Saccacio, chief executive officer of RealtyTrac.
The Feds aren't going to raise rates in this environment. Greenspan can babble all he wants, I don't think Bernanke will do the same mistake he did in 2000. It would throw us into an immediate recession.
A jump in foreclosures at a time of year that traditionally is the busiest for home sales means the slide in prices probably isn't over, said James Saccacio, chief executive officer of RealtyTrac.
The Feds aren't going to raise rates in this environment. Greenspan can babble all he wants, I don't think Bernanke will do the same mistake he did in 2000. It would throw us into an immediate recession.
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