Friday, May 29, 2009

As job losses mount, MN foreclosure cases rise - KARE

Christine and Rick Sellman love their Woodbury neighborhood. It's quiet. They're surrounded by mature trees. They have nice neighbors. "What do we do? We're wondering if we're going to be foreclosed on," Christine Taverna-Sellman said. "With Ricks ..., more 
and More prime, fixed-rate mortgages heading into foreclosure - San Jose Mercury News  With unemployment rampant, the foreclosure crisis no longer can be blamed entirely on adjustable-rate loans, particularly the risky kind known as subprime mortgages. For the first time, fixed-rate prime loans — those typically given to people with ..., more 
and MORTGAGE BANKERS: U.S. Mortgage Delinquency Rate Sets Record at 12.07% - HuntingtonNews.Net  One out of every eight mortgage holders in the U.S. is delinquent on their loan, the Mortgage Bankers Association (MBA) reported Thursday, May 28, 2009. The combined percentage of loans in foreclosure and at least one payment past due, meaning the ..., more 

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