For instance, I think the delinquency rate for prime loans, not for the subprime or even the Alt-A or the more questionable loans, but for prime loans, rose to 6.41 percent in the second quarter from six percent, so that you’re getting supposedly the best loans in the home mortgage market are now at these very, very high rates of delinquency.
· Bond yields at the long end hit all-time record lows, while the short end even dipped into negative territory. Only TIPS suffered as deflation risks rose. Stocks, on the other hand, had their worst year since the Great Depressions: DJIA lost 34%, S&P 500 -38.5%.
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· We now know that many of the “foreclosure experts” who were signing many thousands (perhaps millions) of affidavits that allowed banks to kick delinquent homeowners out of their homes were utterly unqualified to understand the sorts of technical information they were spewing while under oath. In short, the banks were allowing and requiring incompetent employees to lie under oath in order.
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Geithner Sees "Economic Improvement" As Mortgage Delinquencies Hit All Time High So as Wells preannounces and takes the market ever higher in the context of accelerating California home foreclosures, increasing credit card rates and delinquencies, record unemployment, tight consumer credit, mortgage rates that had fallen and are since.
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Have questions regarding how to best deal with foreclosure or mortgage issues and so-called creditors or debt collectors? See Debt Strategies and/or send an email, including your name and phone# in your message. No legal advice provided, but someone will respond. Mortgage Fraud
Accenture has already acquired a few companies this year, including Mortgage Cadence, a loan.Housing to gradually improve in 2012, NAR economist says mortgage rates hit all-time lows (again) mortgage rates hit all-time lows. Again. This sort of news is becoming sort of ho-hum, even though I know at some point the rates will rise.