Correlation isn’t causation, except when it is: Nevada passed a law effective October 1 that made it a felony – holding individuals criminally liable – to make a false representation concerning a real estate title. And then suddenly foreclosure filings in Nevada plunged dramatically in October.
Despite assuring everyone that they’ve stopped the practice, the Recorder of Winnebago County Illinois Nacy McPherson, reports that she is still receiving foreclosure filings that appear to have been “robo-signed”
Except for that little dust up starting in 1938, the last time something in Austria fell, it started a World War. Fitch Ratings joined S&P and Moody’s in downgrading Hungary’s sovereign debt to junk level.