All Posts Tagged With: "Alt-A"
Are Foreclosures Only A Subprime Problem?
Most of the recent foreclosure news has concerned subprime loans, but could the same problems impact other parts of the mortgage marketplace? “If late payments and foreclosures are rising for well-qualified borrowers, then you can expect interest rates to climb and mortgage standards to harden for everyone,” says Jim Saccacio, Chairman and CEO at RealtyTrac.com, [...]
23Sep2008 | Peter G. Miller | 0 comments | Continued
Toxic Loans Threaten Home Values
Stashed away amid the tons of paperwork generated each day in Washington — reading which no one argues is a threat to Shakespeare — is HUD’s 2007 Budget Summary, a document which ought to make a lot of people take notice. “Congress recognizes that today’s high cost loans negatively impact consumers, communities, and the economy. [...]
18Sep2008 | Peter G. Miller | 0 comments | Continued
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