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Insured Mortgage Defaults Jump to Highest Level in More Than Five Years
Sep 28, 2007The Mortgage Insurance Companies of America (MICA) reported today that mortgage defaults among borrowers with mortgage insurance jumped 30 percent relative to year-ago levels, with 58,441 primary insurance defaults recorded during August. The reported cure rate — that is, the number of defaults that were able to reperform — rose 11 percent in August relative to July, MICA said, registering a still-abysmal 57.9 percent of primary insurance defaults.
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NetBank Folds on Subprime Trouble: Biggest Bank Failure Since S&L Crisis
Sep 28, 2007 -
More Evidence that the 2007 Mortgage Vintage Will be Trouble
Sep 27, 2007 -
Fixed Mortgage Rates Rise for Second Straight Week
Sep 27, 2007 -
Moody’s Downgrades Homecomings Financial’s Servicer Ratings
Sep 27, 2007 -
Merrill May Face $4 Billion Write-Down of Mortgage and Related Assets
Sep 26, 2007 -
AEI’s Wallison: Portfolio Expansion at Fannie, Freddie a Risk to Taxpayers
Sep 26, 2007 -
Credit Suisse Trims 150 Jobs in MBS Unit
Sep 26, 2007 -
H&R Block Taps $250 Million of Available Credit, Citing Problems in Commercial Paper
Sep 25, 2007 -
Lone Star Again Extends Accredited Offer Deadline
Sep 25, 2007 -
NAMP Offers Helpline for Mortgage Questions
Sep 25, 2007 -
Moody’s: Subprime Exposure of Financial Guarantors ‘Well Contained’ — Maybe
Sep 25, 2007
