I was over on the new Mr. Mortgage site reading his latest post. It in line with everything else I've posted lately about the rising amounts of foreclosures, the increasing defaults and reasons for it. He has compiled tons of data showing the amount of REO's, NOTs, and NODs by lender. He also has a chart I found particularly interesting. It shows the re-defaults by lender. The loan modifications that are going bad. Some of the numbers are shocking even for me. Countrywide loan mods gone bad (for loans were the initial loan was delinquent) are running 80%. Go read the entire post, it's another good one.
4 comments:
There was a posting on 4/23 titled "March Prices per Zip Code." Can somebody tell me where I can suscribe to get that information. More importantly, I want to be able to filter it such that I am only looking at houses that meet the criteria of what I am looking for. My wife and I wish to purchase a 3500+ square foot home in Riverside. As $/sqft in general goes down as the home square footage goes up. I want to be able to use this information to do a reality check and make sure we are getting a fair deal as we house hunt. Thus far I can find the $/sqft on some sites but that includes houses sold of all sizes.
I don't mind paying for the service, but I just don't know who has this service.
Thank you!
That information comes from DataQuick.
golfer_X,
I had went to data quick and they have so many different products (13 that I see on their website) I'm not sure which one is the one that has what I need to get my report?
What a interesting phenom?
Skipping the mortgage payment is almost looked at as the first thing to go when times are tight or you want a new toy.
And why wouldn't it? Moral hazard of changing the rules mid-stream. How will they reverse it? Its gonna be hard to wean the public off of a sense that the biggest payment of thier lives is negotiable over and over.
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