Relevant:
- Wild, Wild West: California Cold To 'Jumbo Conforming' Loans
- Looking For Home Lender? Be Prepared:Borrowers Shouldn't Get Too Aggressive With Mortgage
- A Mammoth One in Five Borrowers Will Default
- Mortgage rates plunge: For a few borrowers, 30-year fixed loans under 4%
- Real Estate Agents Gone Wild - Homeowners Beware!
2010-05-20 — ml-implode.com
``The guesstimate that one-in-ten mortgage borrowers will lose their home is not a wild proclamation. It's basic math based on the cure rate. What is wild is considering what will happen to real estate prices should mortgage failure gain greater momentum. Serious delinquencies are 30% greater today than a year ago.''
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