Maryland's "De Facto" Foreclosure Moratorium Slows New Actions By 20%+

In Maryland, The Washington Post reports:

• The number of foreclosure events in Maryland has fallen more than 20 percent since the state enacted legislation to address the housing crisis, state officials told members of the Board of Public Works yesterday. But Thomas E. Perez, secretary of the Department of Labor, Licensing and Regulation, warned that foreclosures are expected to rise in the near future as a "de facto temporary moratorium" that extended the foreclosure period from 15 to 150 days ends for many homeowners.

For more, see Foreclosure Events Decline in State (But Officials Warn That Number Should Rise as Moratorium Ends).