One of the biggest rounds of applause at a housing-policy conference sponsored by the Federal Reserve Bank of Cleveland this week was for Virginie Traclet, a soft-spoken researcher from the Bank of Canada. All the French-born Ms. Traclet had to do was describe Canada’s mortgage market.
To start with, interest on mortgage debt isn’t tax deductible [...]
Posts Tagged ‘subprime loans’
Oh, Canada! What We Could Learn From Your Mortgage Market
June 10th, 2010 by Mortgage Writer
Tags: borrowers, fannie mae, federal reserve, financial, Freddie Mac, interest rate, mortgage debt, mortgage loans, mortgage market, subprime loans, treasurys
more...Reports show declines in mortgage defaults
May 11th, 2010 by Mortgage Writer
Is the tide of home-loan defaults finally beginning to recede?
There were signs of that on Monday in two reports examining trends in serious delinquencies — home loans on which borrowers are at least 60 days behind on payments.
A report from the credit data firm TransUnion said such delinquencies fell slightly across the nation in the [...]
Tags: borrowers, economic recovery, economy, financial, foreclosure, investors, mortgage, subprime loans, US Economy
Oregon’s mortgage pain spreads to prime borrowers
December 7th, 2009 by Mortgage Writer
Nearly one in 10 Oregon homeowners was late on at least one mortgage payment this fall, the highest rate on record, and those troubles are expected to grow worse into 2010.
The Mortgage Bankers Association says about 9.4 percent of Oregon’s 631,000 mortgages were delinquent or in foreclosure [...]
Tags: borrowers, foreclosure, good credit, homeowners, mortgage, mortgage payment, prime loans, subprime loans, The Mortgage Bankers Association
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