Large mortgage defaults on the horizon, are you ready for a 100 billion dollar March Madness?

Large mortgage defaults on the horizon, are you ready for a 100 billion dollar March Madness?

FHA has placed a moratorium on foreclosures from mortgage loan defaults and offered any borrower that requests it an extension to not make payments for a year (HUD). This effectively kicks the can down the road and pushed out any impending actions until March of...
Mortgage defaults high in the 10 cities; how does your city rank?

Mortgage defaults high in the 10 cities; how does your city rank?

  Do you know where the next mortgage defaults will occur in your city?  What cities and zip codes are most at risk during this recession?  In every recession, there are two predictors of default/loss, collateral and equity.  What does the data tell us today?...