As we have watched on the news for the past few years the news anchors keep telling us how many people are going into foreclosure because of the economy, some of you may have noticed that there is no consistency among the numbers that they report. It could be 1 in 10 homes are in foreclosure and in another, 1 in 6 homes. The fact is that they are using different sources to support their statements and those sources use different methods of collecting data and doing research. Some of those sources are only using certain areas, while others take a random sample, and yet another may be using information from mortgage industries.

This report, prepared by The Mortgage Bankers Association takes some of the top sources of information for Foreclosure data and analyzes their tactics and how they gather their information.

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