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July 25, 2008 8:14:43 AM CDT


Stories related to: mortgage delinquency

Stories

2 Stories

  • April 2008
    • Lenders Turning Blind Eye to Overdue Payments

      Lenders Turning Blind Eye to Overdue Payments

      With foreclosures skyrocketing, overwhelmed mortgage lenders are turning a blind eye to homeowners who haven’t paid up, letting them live in their houses despite delinquency, Bloomberg reports. The 3.6% of borrowers at least 90 days behind is almost twice the percentage foreclosed upon. Lenders’ delays are skewing foreclosure records and means even more homes could soon clog a flooded market. More »

      Tags

      housing market   housing crisis   mortgage crisis   bank   borrowers   mortgage lender   mortgage delinquency

  • March 2008
    • Foreclosures Soar in Q4

      Foreclosures Soar in Q4

      Home foreclosures and mortgage delinquency in the US saw record highs in the last three months of 2007. Reuters reports that 0.83% of US loans entered foreclosure in the fourth quarter, close to double the 0.54% of the same period in 2006. Mortgage delinquency hit 5.82%, the highest since 1985 and a percentage point higher than the year-ago period. More »

      Tags

      credit crisis   housing crisis   foreclosure   mortgage   Mortgage Bankers Association   mortgage delinquency

2 Stories

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