Posts Tagged ‘Statistics’

Economy, Alt-A resets could be a knockout punch

Written by Timothy Blake on February 09, 2009 under Statistics

We cannot blame the credit crisis on poor people any longer, as if anyone actually believed that anyway. Rating agency Moody’s said last month that it was revising upwards the expected losses on 90% of Alt-A mortgage securities. It describes the collapse as ‘unprecedented for its asset class’. These are not the subprime households who would probably have been better off without a mortgage in the first place. Alt-A borrowers tend to be middle-income earners.

Cheap gas, halt on foreclosures too good to be true?

Written by Timothy Blake on November 02, 2008 under Statistics

One out of every five Americans no owes more on their home than it is worth, according to research involving JPMorgan Chase’s decision to temporarily halt foreclosures. While that certainly is good news for many, it is not good news for investors and banks. “Prime mortgages, especially where there are pay-option ARMs involved, (are) becoming a broader issue,” said Charles Scharf, head of retail financial services at JPMorgan.

Lobbyists and special interests buy our government

Written by Timothy Blake on December 20, 2007 under Analysis, Archives, Investors, Lenders, Statistics

The mortgage crisis of 2007 worsens and threatens to tip the economy into a recession. Many are asking where was Washington? Washington was in the same place as always, the question regarding what they were doing, and why, are the issues at the heart of the matter. Of greater interest to me are political contributions and lobbying expenses in the years leading up to this point.

U.K. home reposessions mirror U.S. problems

Written by Timothy Blake on October 29, 2007 under Archives, Economic Impact, International, Outside the U.S., Statistics

In the U.K. a foreclosure is called a reposession. Market analysis shows U.K. mortgage issues mirroring trends in the United States, as home owners find it difficult to refinance. The Council of Mortgage Lenders said the global credit crunch was exacerbating trends that were already emerging in the housing market. It said it had already been expecting arrears and possessions to rise, but the situation would be worse than previously expected because of the tighter lending criteria many mortgage lenders are now imposing.

Option ARMs Worry Borrowers, Lenders, Credit Card Companies

Written by Timothy Blake on October 13, 2007 under Adjustables (ARMs), Archives, Statistics

Not too long ago the staff at Mortgage Blues warned about option arms. Now these home loans are beginning to worry borrowers and lenders. One real possibility is that borrowers are behind on their mortgage as they keep up with their credit card payments. Of course the opposite might be true. But as soon as credit card rates skyrocket to the maximum allowed by law the bubble might burst for these home owners.

« Older Entries

Our Sponsors

<
Our Partners Selected Articles


© Copyright 1998 - 2012 Mortgage Crisis Daily | 52 queries in 0.323 seconds.