by Calculated Risk on 7/12/2007 08:55:00 AM

From Bloomberg: U.S. Foreclosures Jump 87 Percent as Lending Practices Tighten

There were 164,644 loan default notices, scheduled auctions and bank repossessions in June, led by filings in California, Florida, Ohio and Michigan that together accounted for half the total, according to RealtyTrac, a seller of foreclosure data.

The June foreclosure figure was 7 percent lower than that in May, when filings reached a 30-month high ...
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An estimated 58 percent of properties in the foreclosure process are linked to borrowers with subprime loans, and RealtyTrac expects U.S. foreclosures to reach 1.8 million by year's end ...