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Foreclosures hitting more people with good credit and fixed-rate home loans

The foreclosure crisis likely will persist well into next year as high unemployment pushes more people out of homes, pulls down housing prices and raises concerns about the broader economic recovery. The latest evidence was a report Thursday that a ...

From ALAN ZIBEL, TheNewsTribune.com,  19 Nov 2009

Related Topics: Mark Zandi,  John Burns,  Betty Wilson,  Barack Obama,  Federal Housing Administration

Unemployment fuels U.S. foreclosures

T he U.S. foreclosure crisis likely will persist well into next year as high unemployment pushes more people out of homes, pulls down housing prices and raises concerns about the broader economic recovery. The latest evidence was a report Thursday that ...

From ALAN ZIBEL, Globe and Mail,  19 Nov 2009

Related Topics: Mark Zandi,  John Burns,  Betty Wilson,  Barack Obama,  Federal Housing Administration

U.S. foreclosures hit fixed-rate loans

A rising proportion of fixed-rate home loans made to people with good credit are sinking into foreclosure, adding to concerns about the strength of the economic recovery. Driven by rising unemployment, such loans accounted for nearly one-third of new ...

From ALAN ZIBEL, Globe and Mail,  19 Nov 2009

Related Topics: Federal Housing Administration

Foreclosures hitting more people with good credit

either past due or in foreclosure, the most in the U.S. Nevada was close behind at 23 percent. A foreclosure sign stands outside an existing home on the market in Denver. More than 14 percent of American homeowners with a mortgage were either behind ...

From ALAN ZIBEL, Daily Breeze,  19 Nov 2009

Related Topics: Mark Zandi,  John Burns,  Betty Wilson,  Barack Obama,  Federal Housing Administration

Foreclosures hitting more with fixed-rate loans

WASHINGTON - A rising proportion of fixed-rate home loans made to people with good credit are sinking into foreclosure, adding to concerns about the strength of the economic recovery. Driven by rising unemployment, such loans accounted for nearly 33 ...

From ALAN ZIBEL, AZ Central.com,  19 Nov 2009

Related Topics: Federal Housing Administration

Foreclosures hitting more people with prime loans

to stay in their homes, "there's a lot of potential inventory coming into the market next year," said Jay Brinkmann, chief economist with the Mortgage Bankers Association. WASHINGTON — A rising proportion of fixed-rate home loans made to people with ...

From ALAN ZIBEL ASSOCIATED PRESS, The San Jose Mercury News,  19 Nov 2009

Related Topics: Federal Housing Administration

Pace of mortgage help rising but still slow

Shontaye Edwards spends her day in a gray cubicle at a Bank of America call center in this Dallas suburb. On the other end of the phone line are homeowners - tense, exasperated and looking for help. They often call with questions about the Obama ...

From ALAN ZIBEL, Taiwan News,  19 Nov 2009

Related Topics: Bank of America,  Barack Obama,  Citigroup,  J.P. Morgan Chase & Co.

Mortgage delinquencies hit record-high in 3Q

WASHINGTON - More than 14 percent of American homeowners with a mortgage were either behind on their payments or in foreclosure at the end of September, a record-high for the ninth straight quarter and a problem that could threaten the economic recovery. ...

From ALAN ZIBEL, Atlanta Journal Constitution Vendor,  19 Nov 2009

Related Topics: Federal Housing Administration

Surprise Plunge In New Home Construction

CONSTRUCTION of new homes unexpectedly plunged last month, as builders waited to see whether US lawmakers would extend a tax credit for home buyers. The results underscore how much the housing market has been relying on government support for its ...

From ALAN ZIBEL, Shanghai Daily,  18 Nov 2009

Related Topics: Commerce Department,  Thomson Reuters

October home construction, permits fall

a gauge of future activity, fell 4 percent to an annual rate of 552,000 units. That was the lowest since May and missed analysts' expectations of 580,000. But permits for single-family homes fell only 0.2 percent. In this Nov. 10, 2009 photo, a ...

From ALAN ZIBEL, Long Beach Press-Telegram,  18 Nov 2009

Related Topics: U.S. Congress,  Commerce Department,  Thomson Reuters

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