Mortgage Delinquencies Set to Soar: Report
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Singapore’s economy is still seeing healthy growth and we do not expect July’s property cooling measures to drag down loans growth for the full year. july’s loans growth for building and construction rose +5.4%, the highest in 2 years; while mortgage loans +4.0% yoy, keeping pace with c.4% YoY trendline growth.
A Plan to Break the Back of the Financial Crisis, And Strengthen the housing finance system By Jack Guttentag and Igor Roitburg The main objective of our proposal is to break the back of the financial crisis by sharply reducing mortgage foreclosures, while liquefying a major part of the existing mortgage stock.
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The rate of delinquent mortgage rose 7.7 percent in September from the previous month, according to Lender Processing Services, the biggest increase in four years. The LPS September Mortgage Monitor report found that the current U.S. mortgage delinquency rate is now 7.4 percent, and while September typically registers a rise in delinquencies, this year it was more dramatic.
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5 Stocks Set to Soar on Bullish Earnings.. This company recently reported that mortgage insurance delinquencies for September fell to 65,239 loans at the end of the month from 65,427 beginning.
After racking up huge losses every year between 2007 and 2013, the company turned profitable last year, thanks to a decline in mortgage delinquencies and an improving real estate market, and.
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Mortgage delinquencies ticked up during the second quarter after declining for five consecutive quarters, according to a report released Thursday by the Office of the Comptroller of the Currency.
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Foreclosure sales had dropped in the second half of 2008 as mortgage companies delayed taking action against delinquent borrowers. But sales have been edging up this year, according to LPS Applied.
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