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Title	Defaults down locally
Message	San Diego Union-Tribune--Notices of home mortgage default in San Diego County dropped unexpectedly last month from March's all-time high, while foreclosures rose by 23 percent, MDA DataQuick reported yesterday. Default notices, which declined by 12 percent from March, had been expected to rise along with foreclosures, now that many loan servicers have stepped up foreclosure activity, said Alan Gin, an economist with the Burnham-Moores Real Estate Institute at the University of San Diego. (Full Story)
Contact	Jeryldine Tully \| jtully@sandiego.edu \| (619) 260-4786
Web Address	http://www.sandiego.edu/business/centers/real_estate/