Relevant:
- Consumer Loan Defaults Hit New Lows while Mortgage Defaults Rise
- Insured Mortgage Defaults Up 47 Percent: Report
- Homeowners walking away from underwater mortgages
- Foreclosure Python Snacks More Lightly: Total Delinquent First Mortgage Balances Hit Three-Year Low in March
- Defaults on Insured Mortgages Rise 30 Percent
2010-12-22 — thetruthaboutmortgage.com
"Mortgage defaults increased for the first time since December 2009 last month, according to joint data from credit bureau Experian and S&P. The default rate for first mortgages was 3.05 percent in November, up 4.95 percent from October, but still 34.84 percent lower than a year ago."
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catherine at 04:25 2010-12-23 said:
now we see how the government plays with this, months on end with no foreclosures because of government interference AND kool-aid drinkers think the problem WENT AWAY, are SHOCKED that people are still struggling and losing their homes, and seconds, hehehehe, with falling values just who is going to pay those seconds I ask you................ nope problemstill here and now seeing that city and county governments are set to disappear before our very eyes - ahem............muncipal bonds anyone, the rich are getting ready to come to the party......... the city and county USED TO BE SAFE government employees will also be invited to the party............. and all those SAFE AS GOVERNMENT municipal bonds that are stuffed in our banks and insurance companies and all over every big portfolio in the land NOW DISAPPEAR LIKE THOSE GM BONDHOLDERS' MONEY DISAPPEARED. UNEMPLOYMENT = FORECLOSURES = DEAD CITIES AND COUNTIES (NO big PROPERTY TAX MONEY) we will read in our history books about big fat spending city governments .............and the counties will take them over without a problem, one layer of government disappears without a wimper........... but just like the banks gobbling up the brokers.................shortly after the counties take over the cities, the states will remove the counties............ banks, look over your shoulders, the government needs your profit and will let you die this time....... the media is going to find all the truths they have been covering up in january...........unemployment, foreclosures, buck higher gas, 20 dead some weeks in afghanistan.................all this destruction will finally be reported on in time for the republicans house takeover........... and finally - because we need the truth f YOU LIE ABOUT THE FACTS you can never fix the problems........... people will be shocked how bad it is, the kool-aid was sweet...............be mad, be mad at the media that lied to protect their guys, it was your future they lied about....... .and the tab is in ANOTHER 2 TRILLION SPENT last year...........24 months 4 trillion, since control of congress 7 trillion............AND NOT A DAMN JOB IN SITE YEPPIM there is a difference Permalinkadd a comment | go to forum thread
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