Real estate blog entries tagged with underwriter by David Crisp (Ann Arbor Mortgage)

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Home : Blogs : David Crisp : David Crisp's Blog : Tag "underwriter"

underwriter: Mortgage News You Can Use - 11/19/07 12:55 PM

Mortgage News You Can Use
November 16, 2007

The Good News That Does Not Get Reported:
1. Thirty-five percent of the homes in the U.S. do NOT have a mortgage.
2. Some 94.88 percent of the loans ARE performing.
3. The foreclosure problem in this country is really a story about seven states.
4. The biggest foreclosure problems are in Michigan, Ohio and Indiana. These are manufacturing states that had horrible job losses. Since 2001, our fair state has lost 300,000 jobs. These states would probably have had problems no matter what the market was doing.
5. The other four states-California, Florida, Nevada and Arizona-experienced significant overbuilding. Twenty-five percent of the foreclosures in … (0 comments)

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David Crisp

Ann Arbor, MI

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