YBK, Revisited: It looks like we caught a break with the Housing Bubble. It burst alright, but at least it did so after the new bankruptcy law went into effect last October. My great fear last year was that people were going reach the limit as to how much they could borrow off their home's equity, and thereafter falling into foreclosure, at precisely the time that the expiration of the old bankruptcy law would occur. We ended up having a panic anyway, but it could have been a lot worse.

Now come these figures, showing that the foreclosure rate on homes has dramatically gone up nationwide immediately after the new law went into effect. The bankruptcy rates are starting to go up again as well, albeit nowhere near the typical numbers from recent years. [link via Sploid]