Tag Archives: mortgage delinquencies

Mortgage Delinquencies, Foreclosures Hit Record High

We’re talking about one in seven homes have home loans that are past due. This is the highest rate since this statistic has been tracked. And this is with massive government intervention into the mortgage market to reduce foreclosures. The … Continue reading

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What Does The Takeover Of Fannie/Freddie Mean?

From LakeCoNews.com: Fannie Mae and Freddie Mac, also known as agencies, are the backbone of the real estate and mortgage financing markets. Fannie and Freddie are government-sponsored agencies, which means that the government created them. Fannie and Freddie are public … Continue reading

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Plans For The Mortgage Giants

From the New York Times: For months, the questions hanging over Fannie Mae and Freddie Mac, the beleaguered mortgage giants, have unnerved Wall Street and Main Street. It would help drive mortgage rates down, making it easier for people to … Continue reading

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2007 Mortgages Going Bad At An Alarming Rate

Ruth Simon writes for the WSJ: The equivalent figure for 2006 prime mortgages was just 0.33% after 12 months. Evidence that lax lending standards were leading to higher mortgage delinquencies first emerged in late 2006. Data on other classes of … Continue reading

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Australian Mortgage Delinquencies Rise

May 27 (Bloomberg) — Australia‘s delinquencies on mortgages to people with good credit histories rose in February to the highest in 11 months, according to Standard & Poor’s. Arrears rose in February because of Christmas credit spending, volatility in global … Continue reading

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UK Mortgage Delinquencies Rise

LONDON (Reuters) – Delinquencies on prime and non-conforming UK mortgages and on credit cards are rising as lending conditions tighten and the economy weakens, Standard & Poor’s said in reports on bonds backed by these assets. For non-conforming mortgages — … Continue reading

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Canada’s Mortgage Market Better Off Than US

The CBC reports: Would you like a mortgage that lends you more than the value of your house? You’re an ideal target for a subprime mortgage lender. Mortgage delinquencies and foreclosures are way up.  The term "subprime" isn’t well known … Continue reading

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