Investigations into events surrounding the virtual collapse of the mortgage lending industry are expanding on a number of levels. Various investigative agencies have formed a task force to look into the granting of mortgages which may have been made with little proof of the borrowers' income or assets...
Looks like people are finally starting to take the mortgage situation seriously, and by people we mean the federal government and major industry players. 'Bout time! There were several major and minor developments in the subprime arena this week that indicates that the people who can actually do something...
The Mortgage Bankers Association (MBA) National Delinquency Survey released results on mortgage delinquencies and foreclosures for the second quarter of 2007 yesterday. At the end of the quarter 5.12 percent of all mortgage loans for one-to-four-units residential properties were delinquent. This is 73...