Center for Economic Research and ForecastingNODs Archives - Center for Economic Research and Forecasting

California’s Mortgage Defaults and Foreclosures

By Dan Hamilton
Monday Oct 26, 2009

I was reviewing new data from DataQuick Information Systems. There were 111,689 California Notices of Default (NODs) during the third quarter. While this is down from 124,562 in the second quarter, it is still an enormous number, see the chart below. Foreclosures rose from 45,667 to 50,013. There is massive heterogeneity across the state with… Read more