There´s a new feature on the Center for Responsible Lending´s Website: A
CRL bases this statistic on extrapolations from Mortgage Bankers Association estimates, and the organization has concluded that 2.4 million foreclosures could occur this year.
It doesn´t sound like the most reliable way to track foreclosures, since it´s based on estimates from existing data. And with most of the banking agencies producing load mod and foreclosure metrics of their own, the CRL´s ticker will serve more of a symbolic purpose. It is a constant reminder of one of the most important components of the financial crisis; a deeply damaging problem that must be fixed-fast.