Record Foreclosures in the 4th quarter of 2006

13 Mar

Posted by justin_lee as Uncategorized

Tweet A record high number of homeowners faced a serious threat of foreclosure during the fourth quarter of 2006, according to a survey released Tuesday by the Mortgage Bankers Association. The percentage of all outstanding loans that entered the foreclosure process was 0.54, 0.08 percentage points higher than the third quarter and the highest ever […]

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Helping Families Prepare for the Rise in Subprime Mortgage Foreclosures

12 Mar

Posted by justin_lee as Uncategorized

Tweet The spike in foreclosures is delivering substantial losses to some home mortgage lenders, shaking investor confidence in the subprime loan market and possibly even prime home loan industry. A slumping housing market and the threat of higher mortgage payments are also raising fears that more homeowners will find themselves unable to service their mortgages […]

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