Posts with tag delinquencies

Burned mortgage borrowers will more likely rent rather than buy another home, says the most recent nationwide survey released by Fannie Mae. Fewer Americans think the market has bottomed out and the idea of homeownership as a safe investment continues to drop. Just 68 percent of Americans think it's a good time to buy a... Continue Reading »

If you had a crystal ball and could look into the future you could probably answer the question as to how many more foreclosures will happen in the U.S. Since economists don't have that magic ball, they're trying to calculate not only the current shadow inventory (those homes already foreclosed, but not on the market), but... Continue Reading »

Billions of dollars in equity loans and lines of credit were written off in 2009 as noncollectable according to government data, but at least a trillion dollars is still at risk and at least 60 percent of that trillion, if not more, is sitting on the books of the top four banks: Bank of America, Wells Fargo, Chase and... Continue Reading »

Forget that home prices are stabilizing and new-home sales are rising, it's the amassing inventory of homes that could mire the housing market's recovery. According to The Wall Street Journal, the decline in the pending-home-sales index indicates that inventory is rising, meaning there are too many houses and too few... Continue Reading »

Times are tough, but Americans are apparently rising to the challenge -- by becoming more frugal. The American Bankers Association reports that borrowers are missing fewer payments on their home equity loans, home equity lines of credit and credit cards. The rate of delinquency payments declined for the third straight... Continue Reading »