Tag foreclosure

This was as of the end of 2007. The foreclosure rate is probably even higher now. “We’re seeing people give up even before they get to the reset because they couldn’t afford the home in the first place” Some homebuyers…

A bank CEO says, unlike in previous economic downturns, once homeowners go 30 days late on the mortgage they never make another payment. In previous times, they might have kept paying, remaining 30 days late. But no more. They just…