WASHINGTON — The steeper slide in home prices is accelerating the pace of foreclosures, Fannie Mae said Tuesday as it outlined plans for shoring up its finances following a $2.2 billion first quarter loss.
While the nation’s largest buyer of home loans will slice its dividend and attempt to raise $6 billion, mostly by issuing new […]
Filed under: Fannie Mae, Foreclosures | Comments Off
Overzealous investors trying to flip homes face financial ruin when no buyers emerge for their investment properties.
clipped from www.sun-sentinel.com
South Florida Sun-Sentinel.com
Personal bankruptcies jump 96% in Metro Orlando
Personal bankruptcy jumps 96% in Orlando The mortgage crisis is affecting borrowers at all income levels.
Nearly 7,060 debtors declared insolvency in Orlando’s federal bankruptcy court […]
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Filed under: Foreclosures, Sub-prime Meltdown | Comments Off
Just a question but I am starting to think that the mortgage broker model may be broken. Forever. That’s a shame too because most of them are good, honest business people. The recent problems in the mortgage business are a case where a few bad apples have ruined the bunch.
Conceptually the […]
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Interesting table below - if you remove Nevada* from the top foreclosure list and slide everyone else up a position you would have a direct correlation between the top 3 foreclosure states and the top 3 mortgage fraud states. 7 of the 10 top mortgage fraud states are on the top 10 list of […]
Filed under: Foreclosures, Sub-prime Meltdown | No Comments
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