Schweizer

Foreclosures Actually Dropped (If You Don't Count Five States)

The one itty bitty missing fact is that banks are so behind in issuing notice of defaults (NOD) because they are swamped with current ones, that they have been pushing them out by months. If they also published the number of NODs planned, but not yet issued, it would paint a weakening story, not a strengthening one. The media does a terrible job of vetting most types of data, much like your article.