The Minnesota Housing Finance Agency said that while the mortgage delinquency rate statewide fell slightly during the last quarter of 2010 to 3.43 percent of all mortgages, it's still humming along at extremely high rates. The report also says that during the year the number of sheriff's sales fell slightly to 25,673 after peaking at 26,000 in 2008. No surprise there given moderate improvements in the economy and gobs of money being spent on loan modifications and foreclosure prevention. But here's what's interesting: The foreclosure crisis seems to be shifting from the core neighborhoods of north Minneapolis and the east side of St. Paul to the outer suburbs and greater Minnesota.
Foreclosure woes spread from inner-cities to exurbs
For foreclosures 2010 was a bad year, but not the worst.
March 25, 2011 at 2:29PM
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buchtjd
It’s too soon to tell how much the immigration crackdown is to blame.
