RE: The housing loans crisis
Investors Default On Outsize Share Of Home Loans
Wall Street Journal ^ | August 31, 2007 | MICHAEL CORKERY and JAMES R. HAGERTY
Posted on Saturday, September 01, 2007 8:22:34 PM by CutePuppy
Investors played a big role in pumping up home prices during the housing boom. Now, they account for an outsize proportion of loan defaults, mortgage bankers and builders say.
A survey by the Mortgage Bankers Association found that mortgages on properties that aren't occupied by the owner -- mostly investment homes -- account for between 21% and 32% of the defaults on prime-quality home loans in Arizona, California, Florida and Nevada, states where overdue payments are mounting fast.
Home Loans to Illegal Immigrants Sturdy But Show Some Cracks
The Washington Times ^ | 10-6-07 | Miriam Jordan
Posted on Wednesday, October 17, 2007 12:30:51 PM by JZelle
Despite the downturn of the mortgage market, a type of home loan has remained surprisingly sturdy: one extended to illegal immigrants.
Home Loans for Illegal Immigrants [no Social Security number? No legal residency? No Problem!]
ABC30.com ^ | November 19, 2005
Posted on Sunday, November 20, 2005 8:23:27 AM by John Jorsett
For many, it's the American dream: owning a home. With the recent spike in housing costs, it's become more difficult for many Valley families to qualify for a home loan. But some local banks are giving out loans, and they don't even require a social security number.
More articles of this type are available via Google Search: immigrants home loans.