Foreclosure
One in 10 Mortgage Holders Faces Foreclosure (While Obama is enjoying his vacation, summer recovery marches on)
One in 10 American households with a mortgage was at risk of foreclosure this summer as the government’s efforts to help have had little impact stemming the housing crisis.About 9.9 percent of homeowners had missed at least one mortgage payment as of June 30, the Mortgage Bankers Association said Thursday.
That number, which is adjusted […]
Over 650,000 Home Owners Stop Paying Mortgage … and Stop Fretting About It
ST. PETERSBURG, Fla. — For Alex Pemberton and Susan Reboyras, foreclosure is becoming a way of life — something they did not want but are in no hurry to get out of. Your Money Guides
Alex Pemberton and Susan Reboyras stopped paying the mortgage on their house in St. Petersburg, Fla., last summer. Foreclosure has allowed […]
Foreclosure rates surge, biggest jump in 5 years (Where is Obama’s Hope and Change?)
A record number of U.S. homes were lost to foreclosure in the first three months of this year, a sign banks are starting to wade through the backlog of troubled home loans at a faster pace, according to a new report.RealtyTrac Inc. said Thursday that the number of U.S. homes taken over by banks jumped […]
Foreclosure rates surge, biggest jump in 5 years
A record number of U.S. homes were lost to foreclosure in the first three months of this year, a sign banks are starting to wade through the backlog of troubled home loans at a faster pace, according to a new report.RealtyTrac Inc. said Thursday that the number of U.S. homes taken over by banks jumped […]
Housing Market Predictions for 2010
Published by John Mulkey, Housing Guru
Okay, I’m going to do something I normally avoid; I’m going out on a limb and publicize my housing predictions for 2010. While I occasionally discuss general trends and opinions about the market, I think it’s important for all of us to have as much information as possible in order […]
Mortgage delinquencies rise to nearly 14 percent
Delinquencies on mortgages rose to nearly 14 percent in late 2009, led by a sharp increase in seriously overdue home loans held by the most credit-worthy borrowers, U.S. banking regulators said on Thursday.
It was also down 3.9 percent from a year earlier.
The decline was attributable to a 21.1 percent jump in mortgages 90 or more […]
Rampant Mortgage Delinquencies Splashing Cold Water On Housing Rescue Efforts
More U.S. mortgages are becoming delinquent than are being fixed, still, according to latest January data from Lender Processing Services.
Nearly 7.5 million home loans are either delinquent or in foreclosure and despite the approximately 2 million loan modifications in the U.S. from January 2009 to January 2010, the number of new delinquencies across the period […]
Report: One in Five U.S. homeowners underwater
NEW YORK - One of every five U.S. homeowners owed more on their mortgage than their home was worth in the fourth quarter, a trend that poses a serious threat to the U.S. housing market’s recovery, real estate Web site Zillow.com said on Wednesday.
Homeowners with “underwater” mortgages are more prone to defaults and foreclosures. They […]
U.S. Foreclosure Filings Surpass 300,000 for 11th Month in Row
What a bunch of YAHOO’S in Washington DC. Government and Banks can jump into bed and be IMMORAL and skrew the American People time and time again, however, the American people are expected to continue to do the honorable thing and keep putting good money after bad so to speak with their home values plummeting.
AMERICAN […]
Barney Frank: The Poor Should Rent, Not Own (Liberal admits disastrous mistake)
Barney Frank: The Poor Should Rent, Not Own
In its final installment of the Big Think’s “Went Went Wrong” Series on the financial crisis, they interviewed Financial Services Committee Chairman Barney Frank (D-MA). Much of the interview was predictable: Frank mostly explained what anyone closely following the financial regulation push in Congress already knew. But there […]