missouri real estate agent auctioneer paul roesch: Prime Mortgages Going Bust at an Alarming Rate
- 05/23/10 04:10 AM
Aftershocks from the nation’s financial crisis continue rumbling through the housing sector as fixed-rate mortgages held by the safest borrowers accounted for nearly 37% of new foreclosures during the first three months of this year, the Mortgage Bankers Association recently reported.Additionally, more than one in 10 homeowners were behind on their mortgage payments in the first quarter—a record, the association said. That’s up from 9.47% in the last three months of 2009.Prime loans, those made to the safest borrowers with the highest credit scores, account for almost 66% of outstanding U.S. mortgages, so their rising foreclosure numbers are troubling. “People with … (0 comments)
I sell real estate assets fast and economically. I auction household, estate, real estate and downsizing auctions. Brokers and agents encouraged for referral of sellers and buyers.
Paul Roesch cell: 618-407-8479
Aftershocks from the nation’s financial crisis continue rumbling through the housing sector as fixed-rate mortgages held by the safest borrowers accounted for nearly 37% of new foreclosures during the first three months of this year, the Mortgage Bankers Association recently reported.Additionally, more than one in 10 homeowners were behind on their mortgage payments in the first quarter—a record, the association said. That’s up from 9.47% in the last three months of 2009.Prime loans, those made to the safest borrowers with the highest credit scores, account for almost 66% of outstanding U.S. mortgages, so their rising foreclosure numbers are troubling. “People with … (0 comments)
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