Tag Archives: mortgage data

Mortgage Lending Declines Sharply

Record low mortgage interest rates! You’d think that would lead to an expansion of mortgage lending. And you’d be wrong. Mortgage lending standards are high, jobs are few, economic growth is anemic, and the number of mortgages underwater keeps rising. … Continue reading

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Banks Reluctant To Lend For Mortgages

I don’t blame banks for being reluctant to lend for mortgages. Banks are a rare business. They can’t invest as they wish. They have to get permission from bureaucrats, politicians and radical groups. They have to — mandated by government … Continue reading

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Skipping Mortgage Payments But Staying In Their Homes

The Boston Globe reports on thousands of Massachusetts home owners who are skipping their monthly mortgage payments but staying in their homes and fighting foreclosure. Many of these folks are asking their lenders for mortgage modifications. Others have given up … Continue reading

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Foreclosures Hit Sacramento’s Wealthiest Homes

I lived in the Sacramento area from 1980-1994. Homes and properties were a lot less expensive than Southern California and the San Francisco Bay Area. During my years there, the smog steadily got worse. I worked in construction for years … Continue reading

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Mourning The Loss Of Home Equity

Over two million mortgages are under water. The situation is worst in Nevada, California, Florida, Arizona, Michigan and Georgia. Foreclosures in the state of Washington are declining. From Seattle: Almost 8 percent of Washington state homeowners with mortgages are “under … Continue reading

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Britain’s Vanishing Mortgages

David Prosser writes: Take Abbey, which just a fortnight ago cut the cost of its fixed-rate mortgages. Yesterday, in an abrupt change of heart, those price cuts were reversed. Not only are mortgage borrowers facing a shortage of funds from … Continue reading

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