Tag Archives: mortgage delinquencies

Think The Housing Market Is Getting Stronger?

Most evidence says yes, the housing market is getting better, but many signals are still negative. Mortgage delinquencies are up. From the LAT: The nation’s slowly improving housing market hit another bump last quarter, with more borrowers missing payments amid … Continue reading

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Will Mortgage Delinquencies Drop In 2012?

One sign of a turnaround in the housing market will be a decline in mortgage delinquencies. I suspect that if you’ve been able to keep up with your mortgage payments over the past four years of recession and low growth, … Continue reading

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Banks Gradually Clearing Backlog Of Mortgage Delinquencies

Overwhelmed by the number of mortgage delinquencies, banks are overcoming their paperwork processing issues to process more foreclosures and to sell these homes and move them through the system. With each foreclosure, banks lose on average more than $40,000. For … Continue reading

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Mortgage Delinquencies Rise Again

For a year this number was improving but in the second quarter of 2011, the percentage of mortgage delinquencies rose. This will likely lead to an increase in foreclosures and put more downward pressure on home prices. As home prices … Continue reading

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Foreclosures Centered In A Few States Such As California, Florida

The housing boom was centered in a few states. The dramatic run-up in prices last decade came about largely because of land use restrictions. This exploded prices, forcing people into risky mortgages to buy a home. The accompanying crash has … Continue reading

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Mortgage Delinquencies Grow Down Under

Australia’s property market has surged in the past 20 years. The typical home has quadrupled in price. Homes in Sydney now typically cost more than homes in greater New York. However, latest statistics show trouble on the horizon. There’s a … Continue reading

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What Kind Of Person Defaults On His Mortgage?

The statistics show that they are much more financially responsible than those who default on other types of loans. It can totally make sense to default on a mortgage, particularly when you owe more on a mortgage than your home … Continue reading

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We’ve Been In An Economic Recovery For Two Years!

Yeah, it hasn’t felt like one. I just sense doom and gloom on this front. Yes, I hear from businessmen that things are turning around slowly. I’m optimistic because of the Republican surge in 2010. It looks like they will … Continue reading

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Late On Your Mortgage Payment

The number of foreclosures is not increasing and neither are delinquencies in mortgage repayment. Let’s celebrate. The housing turnabout is here? Along with the rapture? Well, not quite. The WSJ reports: Thursday’s report on mortgage delinquencies from the Mortgage Bankers … Continue reading

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Credit Card Users Down By 8 Million

I don’t know about you, but credit cards have got me through some tough times. In 1995-1996, I lived off credit cards while writing my first book. It took me until the Spring of 2000 to pay them off. Since … Continue reading

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