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Consumer Mortgage Reports
Federal Open Market Committee Holds At 2%-
Loan Limits Slated To Be $625,000
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This Week In Mortgage News
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Federal Banking and Thrift Agencies Issue Final Guidance on Supervisory Review Process
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Federal Reserve Issues Rule Amending Regulation Z (Truth in Lending)
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IndyMac Federal Bank Receives Government Support
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FDIC Says Deposits in Failed IndyMac Bancorp Are âSafeâ
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Charles Schumer Is Politically Irresponsible
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Mortgage Stocks Dive Again
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OFHEO Releases Statement To Ease Mortgage Tension
Home Foreclosures Up 35% From 2007
June 6, 2008 · Filed Under Economic Impact of Foreclosures, Human Impact of Foreclosures, Loss Mitigation, Mortgage Default, Stop Foreclosure, US Foreclosure Statistics
CNN.com recently stated, even with all the foreclosure prevention programs developed by the government, only about 30% of the homeowners can be helped. The reason is obvious. Why does any, for profit banking institution, want to take on the problems of another bank?
New number show home foreclosures up 35% from last year, with more than 6.35% of all home loans in the United States falling delinquent. This number does not include homes currently in foreclosure.
Manassas Northern Virginia hit hard where 1 in 20 homes are in foreclosure.
14.5% of all homes for sale across the US in April 2008 were the result of a foreclosure.
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