2 Articles match "CA","Dec","Properties"
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Bush Foreclosure Solution Just Adds Water
Even when buyers knew they wouldn’t be able to afford their mortgage when their rate adjusted, they figured that they could just refinance into a better mortgage – and that would be easy since property values were appreciating 50% or more each year. Carey, “almost 37 percent of seriously delinquent loans (including loans 90 or more days past due and those in foreclosure) in the second quarter of 2007 are subprime adjustable rate mortgages (ARMs) -- even though they make up only 7 percent of all loans.” There’s a really informative blog post, What’s behind the foreclosure crisis – and
www.foreclosurepulse.com
- Tuesday, December 16, 2008
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- Tuesday, February 3, 2009
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Bush Foreclosure Solution Just Adds Water
Even when buyers knew they wouldn’t be able to afford their mortgage when their rate adjusted, they figured that they could just refinance into a better mortgage – and that would be easy since property values were appreciating 50% or more each year. Carey, “almost 37 percent of seriously delinquent loans (including loans 90 or more days past due and those in foreclosure) in the second quarter of 2007 are subprime adjustable rate mortgages (ARMs) -- even though they make up only 7 percent of all loans.” There’s a really informative blog post, What’s behind the foreclosure crisis – and
www.foreclosurepulse.com
- Tuesday, December 16, 2008
