Prime Foreclosure Starts Surge Past Subprime in July

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Prime foreclosure starts in July were well more than double the 51,000 recorded one year earlier, and up almost 10 percent from June; in comparison, subprime foreclosure starts in July were up 22 percent from one ago, and up 10 percent month-over-month as well.

Hawaii Did See Surge in Subprime lending economic research suggests that the current mortgage crisis on the mainland has been driven by declining house values Hawaii vulnerable to same dynamic if house prices fall Many of the subprime loans layered multiple risk factors, such as variable interest rates, no documentation, and/or

Similarly, in Boston, loans by subprime lenders starting foreclosures had a median age of 3 years, compared with a median age of 7 years for other lenders reporting in HMDA. Thus, in all three of these market areas, loans by subprime lenders reach foreclosure much more quickly.

(Inman News, Aug. 29) Prime Foreclosure Starts Surge Past Subprime in July. “Hope Now coalition: Prime foreclosure starts have finally moved ahead of subprime foreclosure starts, for the first time.

Prime Foreclosure Starts Surge Past Subprime in July Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since.

Subprime Loans, Foreclosure, and the Credit Crisis 6 Kirwan Institute for the Study of Race and Ethnicity Could some people who got subprime loans have gotten prime loans? studies estimate that "up to 35% of subprime borrowers could qualify for prime mort-gage loans."29 Why did brokers push these high-cost subprime loans?

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Home foreclosure rates past and present. There is a LOT of talk right now about high home foreclosure rates. From how bad some people make it sound, it seems as if every other home owner in the country right now must be currently in foreclosure.

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Mortgage delinquencies and foreclosure starts for subprime mortgages increased dramatically beginning in 2006 and spread to near-prime (alt-A) loans soon thereafter. By the fourth quarter of 2008, the.

Through the end of July, there have been 542 foreclosure filings. causes The reasons behind the surge, as in other parts of the state and country, are a cocktail of forces: personal woes combined.