All Posts Tagged With: "delinquencies"
Foreclosures: No Mortgage Payments For Years
We keep hearing reports that mortgage foreclosures and delinquencies are down and here’s why: Lenders are plainly not foreclosing once a borrower has missed three monthly payments. So why have foreclosures stalled? The answer is that the process of recording mortgage notes is so screwed up that it’s stopped foreclosure activity worth hundreds of billions [...]
31Aug2011 | Peter G. Miller | 0 comments | Continued
Mortgages: Less Hope For Delinquent Borrowers
For all the talk regarding mortgage modifications, the open secret has been fairly clear: Most modifications are failing. Once behind most people do not catch up. According to Fitch Ratings, so-called cure rates for delinquent prime loans — the highest quality loans — have declined from an average of 45% during 2000-2006 to the currently [...]
25Aug2009 | Peter G. Miller | 0 comments | Continued
Mortgages: Foreclosure Rates Continue To Soar
Mortgage delinquencies for the second quarter were at the highest level since it first began keeping records in 1972, according to the Mortgage Bankers Association. Glum news on the foreclosure front continues. The latest MBA statistics offer the following highlights. The delinquency rate for mortgage loans on one-to-four-unit residential properties rose to a seasonally adjusted [...]
21Aug2009 | Peter G. Miller | 0 comments | Continued
Delinquencies Up For The Ninth Quarter In A Row
For the ninth quarter in a row, TransUnion.com is reporting that mortgage delinquencies continue to rise. Using data taken from 27 million anonymous, randomly sampled, individual credit reports, the company says 5.22 percent of all mortgage borrowers in the first quarter were at least 60 days late. A year ago the figure was 3.22 percent. [...]
17Jun2009 | Peter G. Miller | 2 comments | Continued
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