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July 25, 2008 11:15:54 PM CDT

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Stories related to: Mortgage Bankers Association

Stories

5 Stories

  • March 2008

    • Asian Stock Markets Dive

      newser  |  Associated Press  |  Mar 7, 08 6:07 AM CST

      Asian Stock Markets Dive

      Japan’s Nikkei fell 3.3% and Australia’s S&P/ASX2000 dropped 3.2% as woeful US economic news—including rising foreclosures, worsening homeowner debt and impending credit defaults—sent Asian markets reeling, the Associated Press reports. Investors also worried that a key jobs report to be released this morning would show a rise in US unemployment, which would further hurt already depressed Asian exports. More »

      Tags

      stock market  • Federal Reserve  • credit crisis  • foreclosure  • unemployment  • exports  • Nikkei  • Mortgage Bankers Association  • Nikkei 225 Stock Average

    • Foreclosures Soar in Q4

      newser  |  Reuters  |  Mar 6, 08 1:55 PM CST

      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

  • February 2008
  • September 2007

    • Foreclosure Rate Hits the Roof

      newser  |  CNN  |  Sep 6, 07 6:23 PM CDT

      Foreclosure Rate Hits the Roof

      The number of US home loans entering foreclosure reached an all-time high in the second quarter, a new survey shows, and delinquencies are up to more than 5% of all mortgages. Trouble with adjustable-rate mortgages—an outgrowth of the subprime crisis—is driving delinquencies, CNNMoney reports, with seven Midwest and Sun Belt states the most problematic areas. More »

      Tags

      subprime mortgages  • housing market  • foreclosure  • Michigan  • home loans  • Mortgage Bankers Association

  • June 2007

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