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<oembed><version>1.0</version><provider_name>naked capitalism</provider_name><provider_url>https://www.nakedcapitalism.com</provider_url><author_name>Lambert Strether</author_name><author_url>https://www.nakedcapitalism.com/author/lambert-strether</author_url><title>Monday DataDive: The MBA &amp; LPS on Delinquent Mortgages &amp; Foreclosure Inventories at Mid-Year; June&#x2019;s Trade Deficit  | naked capitalism</title><type>rich</type><width>600</width><height>338</height><html>&lt;blockquote class="wp-embedded-content" data-secret="eYc3cqeRrU"&gt;&lt;a href="https://www.nakedcapitalism.com/2013/08/monday-datadive-the-mba-junes-trade-deficit.html"&gt;Monday DataDive:  The MBA &amp; LPS on Delinquent Mortgages &amp; Foreclosure Inventories at Mid-Year; June&#x2019;s Trade Deficit&lt;/a&gt;&lt;/blockquote&gt;&lt;iframe sandbox="allow-scripts" security="restricted" src="https://www.nakedcapitalism.com/2013/08/monday-datadive-the-mba-junes-trade-deficit.html/embed#?secret=eYc3cqeRrU" width="600" height="338" title="&#x201C;Monday DataDive:  The MBA &amp; LPS on Delinquent Mortgages &amp; Foreclosure Inventories at Mid-Year; June&#x2019;s Trade Deficit&#x201D; &#x2014; naked capitalism" data-secret="eYc3cqeRrU" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"&gt;&lt;/iframe&gt;&lt;script type="text/javascript"&gt;
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</html><description>By rjs, a rural swamp denizen from Northeast Ohio, and a long-time commenter at Naked Capitalism. Originally published at MarketWatch 666.  Today we look at two major reports on active home mortgages; one, from the Mortgage Bankers Association, shows both mortgage delinquencies and foreclosures down in the 2nd quarter; the other, from LPS (Lender Processing Services) shows a sudden 18.3% spike in new mortgage delinquencies in June, the most newly delinquent homeowners in a month at least 2 years...We'll unravel what both reports reveal...Then we look at the new trade report for June, which showed that our trade deficit was down over 22%, that exports hit an all time record, and that results might revise 2nd quarter growth to a respectable 2.5%... What is this, an Obama wet dream coming early, with export jobs for everyone? Hardly. We find big chunks of that June trade change can be accounted for by big jumps in jewelry, gem diamonds, monetary gold &amp; refinery exports, and reductions in imports of much of the same...Something's going on there, but it ain't about jobs...</description><thumbnail_url>http://2.bp.blogspot.com/-x6G47bXxjuw/UgOj4lFMIaI/AAAAAAAAbb8/Qs5K4BA19t8/s320/MBANDSQ22013.jpg</thumbnail_url></oembed>

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