“Once again this quarter, the rate of foreclosure starts and the percent of loans in the process of foreclosure are the highest recorded since 1979.”
Mortgage Bankers Association
Here are the Grim Statistics
The delinquency rate on residential properties was 6.35%.
The percentage of loans in the foreclosure process was 2.47%.
Loans with foreclosure actions started this quarter were 0.99%.
The [...]
Are you Struggling to Pay your Mortgage ?
It is estimated by the Center for Responsible Lending, that 2.2 million homes with subprime loans may be lost to foreclosure in the next few years. That’s 1 in 5 subprime mortgages that are projected to end in foreclosure. And, if the economy falters, it could get worse.
If you are one of those in [...]
Ok, so I’m late to the party.
Every blogger, pundit and reporter has already been waiving their arms around for weeks now, trying to get their 15 minutes of fame from the subprime fiasco. Never mind that most of these hacks never saw it coming. It’s big news right now and everyone is chiming in, with [...]
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