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December 8, 2008

Mortgage Troubles Rise to Record Level

Filed under: Mortgages — admin @ 10:59 am

Despite government and industry efforts, the number of homeowners falling behind on their mortgages or already in foreclosure climbed during the third quarter and is poised to accelerate as the country’s recession deepens, the Washington Post reported on Saturday. About 6.99 percent of mortgage loans were delinquent during the quarter, according to the survey by the Mortgage Bankers Association, an industry group. Another 2.97 percent were in the foreclosure process — the highest level since the survey was established in 1979. Taken together, about 10 percent, or one in 10, home mortgages are now in some form of distress. At the current rate, lenders will start foreclosure actions against 2.2 million homes this year.

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April 24, 2008

Lenders Swamped by Delinquent Mortgages

Filed under: Mortgages — admin @ 5:47 am

March 7, 2008

Bernanke Wants Banks to Rework Mortgages

Filed under: Mortgages — admin @ 1:50 pm

March 6, 2008

Paulson Defends Opposition to Durbin’s Cramdown Plan

Filed under: Mortgages — admin @ 10:53 am

Judge Lectures Countrywide but Decides Not to Punish It in Texas Mortgage Case

Filed under: Mortgages — admin @ 10:52 am

February 29, 2008

Bush Against Mortgage Relief Legislation

Filed under: Mortgages — admin @ 8:29 am

October 17, 2007

Housing Industry Lobbying Against Mortgage-Modification Bankruptcy Bill

Filed under: Mortgages — admin @ 11:40 am

October 15, 2007

Congressman to Introduce Bill to Further Regulate Lending Industry

Filed under: Mortgages — admin @ 3:31 pm

October 3, 2007

Democrats to Introduce Plan to Stem Foreclosure Tide

Filed under: Mortgages — admin @ 3:01 pm

September 6, 2007

Conventional Mortgage Market Experiencing Healthy Competition

Filed under: Mortgages — admin @ 3:08 pm
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