September, 2007

Flippers are Making Foreclosures Jump

Sep. 9, 2007 by carol

Flippers and other speculators investing in single-family homes helped drive up prices in many hot housing markets during the boom, they’re now contributing heavily to mortgage delinquencies in several of those markets, according to a report released by the Mortgage

The Number of Homes Entering the Foreclosure Process Hit A Record High

Sep. 9, 2007 by carol

Delinquencies hit 5.12 % of all outstanding mortgages in the second quarter, up from 4.39 percent a year ago according to the Mortgage Bankers Association (MBA) quarterly survey. The loans actually entering foreclosure proceedings stood at 0.65 %, a rise