The Foreclosure Crisis is Dead.  Long Live the Foreclosure Crisis! | Mandelman Matters

``... during the first quarter of 2015, there were 83,000 new foreclosures initiated nationally, according to the OCC, so from that perspective I suppose the 60,000 number looks like real improvement, but to me... eight years into this mess... well, I'll just say that we should be doing a whole lot better at stopping foreclosures by now... [but] in the second quarter of this year, according to the same RealtyTrac report, "there were a total of 280,989 U.S. properties with foreclosure filings." Good Lord... 300,000 foreclosure filings a quarter is 1.2 million a year, and if that turns out to be anywhere near the real deal, then I would have to say that we're not doing nearly as well as anyone thinks...''