Since topping out in early 2010, the aggregate amount of severely delinquent mortgages has fallen by more than half. The improvement has been primarily concentrated in non-agency loans. Outstanding distressed loans are expected to return to pre-crisis levels within two years. As of May, $450 billion in residential first mortgages were at least 90 days [...]
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Non-Agency Loans Drive Decline in Distressed Balances
June 27th, 2012 
davidguide 
Posted in Business Loans 
Tags: crisis levels, Decline, delinquent mortgages, distressed loans, Foreclosure 
Comments OffJudicial States Bloat U.S. Shadow Inventory
May 10th, 2012 davidguide While the nation’s pool of distressed loans remains historically high, there have been some positive signs with the shadow inventory. Hurting the numbers are states that require judicial foreclosures, where it takes two-and-a-half times as long to clear out non-performing mortgages as it does in non-judicial states. The problem is much worse in the Big [...]
Posted in Business Loans Tags: Apple, Bloat, decade', distressed loans, half times, Hurting, Judicial, judicial foreclosures, positive signs, post, Shadow Comments Off
