Mortgage Delinquencies and Foreclosures Continue To Soar The record high rate of mortgage delinquencies and foreclosures remains the banking industry’s biggest obstacle towards financial recovery. The horrific statistics for the first quarter on mortgage defaults provides little reason to believe that the housing crisis will end anytime soon. The delinquency rate for all mortgages on […]
Fannie Mae Seeks To Limit Mortgage Losses On “Strategic Defaults”
June 23, 2010 By Leave a Comment
June 23, 2010 – Borrowers who chose to default on mortgages that they are capable of paying will be facing a long wait before they are able to own a home again under new Fannie Mae guidelines. The new rules come at a time when considerable attention is being focused on “strategic defaults” in which […]