Plunkett's Banking, Mortgages and Credit Industry Almanac 2009: Banking, Mortgages and Credit Industry Market Research, Statistics, Trends and Leading ... Banking, Mortgages & Credit Industry Almanac)
Riders Britain (Free subscription) | yesterday
Mortgages in SpainHow to get a home loan for Spain Mortgages or home loans (hipotecas) are available from most Spanish banks (for residents and non-residents), foreign banks in Spain, and overseas and offshore banks. In recent years, Spanish and foreign lenders have arranged a record number of spanish mortgages, the average amount borrowed being around 250000 The [...]
Reuters UK (Free subscription) | 19/11/2009
NEW YORK, Nov 19 (Reuters) - A record one in seven U.S. mortgages were in foreclosure or at least one payment past due in the third quarter, according to fresh data signaling the recovery in the housing market will be tepid at best.
News-To-U(se) (Free subscription) | yesterday
The group reported Thursday that 14.4% of first-lien mortgages on one-to-four-family homes in the third quarter were 30 days or more overdue or in the foreclosure process. That is the highest rate since the MBA began reporting such data in 1972, and works out to about 7.5 million households at risk of losing homes. The percentage is up from 10% a year earlier and 7.3% two years ago. The
Section 15 (Free subscription) | yesterday
Just in case you were getting comfortable listening to the sounds of banks making money again and automakers breathing sighs of relief, there's this from the NYT : Nearly one in 10 homeowners with mortgages was at least one payment behind in the third quarter, the Mortgage Bankers Association said in its survey. That translates into about five million households. The delinquency figure, and a corresponding...
San Diego Blog (Free subscription) | yesterday
Reverse mortgages are becoming more risky for senior homeowners, due to the rising number of shady operators who are marketing these programs. The trend has prompted the National Consumer Law Center (NCLC) to issue a special report, "Subprime Revisited: How the Rise in the Reverse Mortgage Lending Industry Puts Older Homeowners at Risk." Reverse mortgages are [...]
The Guardian (Free subscription) | 19/11/2009
Mortgage lending rose by 5% in October, but the Council of Mortgage Lenders says the outlook for 2010 is only modest Mortgage lending rose by 5% in October, in line with seasonal trends, but remained well below last year's figure, the Council of Mortgage Lenders (CML) said today. A total of £13.5bn was advanced during the month, up from £12.9bn in September but 27% below the figure for...
cryptogon.com (Free subscription) | yesterday
Via: Reuters: A record one in seven U.S. mortgages were in foreclosure or at least one payment past due in the third quarter, according to fresh data signaling the recovery in the housing market will be tepid at best. U.S. mortgage delinquency rates and the percentage of loans that entered the foreclosure process also jumped to records [...]
Michael James on Money (Free subscription) | yesterday
1. Finance Minister Jim Flaherty has finally come out with new proposed rules for credit and debit cards (thanks to Lyne who found this link for me). 2. Rob Carrick collected together several proposals for improving TFSAs . Most of them amount to increasing the amount that Canadians can contribute to a TFSA, in some case favouring older people. These sound great for old rich people (something I aspire...
JSOnline (Free subscription) | yesterday
One of every nine homeowners in Wisconsin was behind on mortgage payments or in foreclosure at the end of September - a record level that industry observers said Thursday is likely to rise.
New Jersey Real Estate Report (Free subscription) | yesterday
From the Record: N.J. troubled mortgages grow to 14.5% As unemployed homeowners struggled to pay their mortgages, the percentage of New Jersey loans in foreclosure or at least a month behind on payments hit 14.5 percent in the third quarter, the Mortgage Bankers Association said Thursday. That means that almost one of every seven mortgages in the [...]
Calculated Risk (Free subscription) | 20/11/2009
Here is a scatter graph comparing the seriously delinquency rate for mortgage loans vs. unemployment rate for all states. The seriously delinquent rate include 90+ days delinquent loans, and loans in the foreclosure process for Q3 2009 (Source: MBA). Click on graph for larger image in new window. There is a relationship between delinquency rates and the unemployment rate. Florida really stands out...
News Unfiltered (Free subscription) | 19/11/2009
The Mortgage Bankers Association (MBA) reported today that a record number of loans--1 in 7--is delinquent, up from 1 in 10 a year ago. Today's numbers also show that 1 in 22 families in the U.S. is in the process of losing their home, up from 1 in 34 a year ago. Based on these figures, we are now on track for 2.9 million foreclosure starts in this year alone. The lenders' trade association is quick...
The Business Insider (Free subscription) | 19/11/2009
The Mortgage Bankers Association released a grim report today revealing that nearly one in seven households with mortgages is behind on payments or already in foreclosure. Last year, only one in 10 were behind. Two years ago, the number was just 7.3%. We’re now in what is clearly the second leg downward of the mortgage mess. While the early days of the mortgage crisis were driven largely by...
PR News Wire (Free subscription) | 19/11/2009
WASHINGTON, Nov. 19 /PRNewswire-USNewswire/ -- The Mortgage Bankers Association (MBA) reported today that a record number of loans--1 in 7--is delinquent, up from 1 in 10 a year ago. Today's numbers also show that 1 in 22 families in the U.S. is in the process of losing their home, up from 1 in 34 a year ago. Based on these figures, we are now on track for 2.9 million foreclosure starts in this year...
Calculated Risk (Free subscription) | 19/11/2009
Click on graph for larger image in new window. First, on the market ... This graph is from Doug Short of dshort.com (financial planner): "Four Bad Bears". Note that the Great Depression crash is based on the DOW; the three others are for the S&P 500. Reader Yuri asked me if the number of 30 day delinquencies is decreasing. He was curious if the overall number of delinquencies is increasing...
The 3 latest articles published by users on Mortgages :
neilsamsung | 14/11/2009
There are few purchases in life that carry the financial and psychological weight of buying a home. Whether you are buying your first home, moving up to your dream home, or downsizing your home and your life after the kids have gone, it is important to understand the ground rules for success in the world of buying a home. Making the wrong decision in buying a home can have devastating and long lasting...
neilsamsung | 09/11/2009
There is one word to describe the current housing market: optimistic. Despite months of hearing about a housing bubble and rising mortgage rates , the outlook for real estate is good. The worries of a bursting real estate bubble actually seem to be low among homeowners. In a national survey conducted by ING Direct, most individuals experienced some growth in their home value in the past 12 months....
neilsamsung | 02/10/2009
Sacramento offers a variety of investment options to a prospective Sacramento investor. Residential real estate housing ranges from low-income properties to multi-million dollar estate s and is known to have had some of the best appreciation rates in the state. Sacramento has also seen marked advances in commercial real estate with the construction of new high-rise buildings, expansion of employment...
Videos