Becoming a Subprime Society

From MarketWatch: Foreclosures could top 8 million: ... to a recent report. Credit Suisse’s fixed-income research team forecast that 8.1 million mortgages ... Credit Suisse More than 8 million mortgages could go into foreclosure in coming years in the wake [more...]

Date: 2008-12-10 11:35:04

Blog posts (12) | Videos (14)
 

December California Defaults up 100%

Mr Mortgage is a 20-year mortgage banking veteran, specializing in wholesale and correspondent sales and sales/operations management and bringing ... housing, mortgage and credit meltdown’ and company-specific events. He owns and is the primary ... to the Truth located at http://mrmortgage.ml-implode.com ~~~~ Mr. Mortgage: Dec CA Foreclosure Report [more...]

Date: 2009-01-16 17:15:46

Fed Research Sheds Light On Reluctance Of Subprime Lenders To Modify Loans

I came across a research paper published by the Boston Federal Reserve Bank where the researchers looked into among other things a mathematical ... in mountains of cash thawed a “frozen” credit market. So are we stuck with the alternative…do nothing ... the differences. Enter this new report… Subprime Mortgages, Foreclosures, and Urban Neighborhoods [more...]

Date: 2009-01-17 16:45:16

I Need Help … My Mortgage is Upside Down

Every homeowner struggling with their payments is making the decision of maintaining increased payments or face foreclosure ... . Your still alive right?When was the last time you reviewed your credit report?  Well then you clearly must ... . The latter has a high risk of derogatory credit and foreclosure. So the burning question [more...]

Date: 2009-01-14 10:08:59

Suffering For Someone Else’s Problems

The Courier Journal reports from Kentucky. “A large chunk of western Louisville and the Shively area saw a 22 percent drop in median home prices in ... on a large number of mortgage foreclosures in those areas, along with a tight credit market that makes it tough for buyers to get financing.” “Kennie Romans, who has worked as a real estate agent [more...]

Date: 2008-08-11 15:32:16

How's everyone enjoying National Homeownership Month?

My long-time friend and colleague Petulant posted earlier about home foreclosures setting a record for the first quarter of 2008 ... in 2007. The report by the Mortgage Bankers Association also found that more homeowners slipped behind ... multibillion losses when their investments in mortgage-backed securities soured. A credit crisis [more...]

Date: 2008-06-06 06:39:31

3rd Wave of Foreclosure Hits The Jobless

People With Traditional Mortgages Who Have Lost Their Jobs Are Now Facing Foreclosure (CBS) ... up. With a government job, good credit, and a 30 year fixed rate loan on her southern California house, Judy ... swept up are not greedy investors, or people who got in over their heads with bad loans, reports CBS [more...]

Date: 2008-11-29 06:00:20

"60 Minutes" Report: So Many More Foreclosures Coming

Back in August, the New York Times ran a story about a second wave of foreclosures that is going to hit, ... and then reset years later). The above chart, put together by the investment bank of Credit Suisse and featured on last night's "60 Minutes'" report, shows when the resets on these exotic mortgages [more...]

Date: 2008-12-15 19:12:36

Foreclosures Skyrocketed in 2008

Foreclosures Skyrocketed in 2008 US home foreclosures rose an astonishing 81% in 2008. Not surprising given the fact that the credit crunch and mortgage crash were the two main ... , chief executive officer of RealtyTrac, said in the report. Foreclosure activity did slow [more...]

Date: 2009-01-15 14:02:20

Update: who is going into foreclosure?

How do we help people in foreclosure? Or, is the question still, do we help people in foreclosure ... delinquent again within 10 months, according to a Credit Suisse report. A couple of disturbing numbers ... has proved hard to fix: Falling home prices: More than 23 percent of home owners with a mortgage owe [more...]

Date: 2008-10-30 13:41:47

Good and bad.

Worried bride Creative Commons License photo credit: spaceodissey I believe I have set a record ... % of the sales, they report, involved foreclosure sales. This is bad. Or is it good?  We know that the mortgage [more...]

Date: 2008-08-19 16:07:41

Will a short sale hurt my credit score?

When I meet with homeowners who are struggling with their mortgage are maybe behind on payments and have no equity in their home, ... or foreclosure on one’s credit report. I recently came across some great information provided by a mortgage ... my report and if it appears that their only option is to sell their house in a short sale, I always [more...]

Date: 2009-01-15 20:14:24

12 Results