More record-breaking mortgage woes hit homeowners (ABC 15 Phoenix)
5 Sep 2008 at 2:40pm
The source of trouble in the mortgage market has shifted from subprime loans made to borrowers with bad credit to homeowners who had solid credit but took out exotic loans with ballooning monthly payments.
Mortgage troubles continue to mount (The Myrtle Beach Sun News)
5 Sep 2008 at 3:45pm
A record 9 percent of American homeowners with a mortgage were either behind on their payments or in foreclosure at the end of June, as damage from the housing crisis continues to mount, the Mortgage Bankers Association said Friday. But the source of trouble in the mortgage market has shifted from subprime loans made to borrowers with poor credit to homeowners who had solid credit but took out ...
Damage mounts as mortgage troubles break records again (The Pantagraph)
5 Sep 2008 at 1:09pm
NEW 12:05 p.m. WASHINGTON, D.C. -- A record 9 percent of American homeowners with a mortgage were either behind on their payments or in foreclosure at the end of June, as damage from the housing crisis continues to mount, the Mortgage Bankers Association said Friday.
Bankers: Record number of mortgages endangered (Houston Chronicle)
5 Sep 2008 at 8:32am
The problem is also concentrated in a handful of states, the worst being California and Florida. The real estate markets in those two states were fueled by some of the riskiest lending practices and rampant speculation during the housing boom that has turned into a devastating bust.
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