June 18, 2010

Jumbo Mortgage Delinquencies Are 50% Above Average And Rising

Here’s Why Jumbo Mortgage Delinquencies Are 50% Above Average And Rising Today, June 18, 2010, 5 hours ago | Michael David White A quiet revolution has hit wealthy neighborhoods: financial failure. The 90-day delinquency rate on home loans worth over a million dollars hit a high in February at 13.3 percent, much higher than the …

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Investigation Highlights Challenges to Foreclosure Docs

Got this off the “Mortgage Servicing News” newsletter: June 16, 2010 Investigation Highlights Challenges to Foreclosure Docs By Kate Berry The backlash is intensifying against banks and mortgage servicers that try to foreclose on homes without all their ducks in a row. Because the notes were often sold and resold during the boom years, many …

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