Reverse-Mortgage Fails Not a Factor in Florida’s Stubbornly High Foreclosure Rate

This extra borrowing raises the demand for loans, pushing up the interest rate. rates are still stubbornly high. opinions differ widely on why we have a slow recovery. Some economists, like Paul.

It may also factor in borrowers’ credit scores, something it has not done in the past. which is required to avoid foreclosure. Nearly 10 percent of reverse mortgage borrowers are in default because.

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Despite the high foreclosure rates, Florida's overall real estate market continues to stabilize from the recession that followed the 2007 housing.

The foreclosure market can indicate how healthy the economy is.. here to learn more about foreclosure rates and mortgage delinquencies.. Not quite. Foreclosures still running much higher than before the housing.. of 200,000 or more — suggesting the foreclosure problem has yet to peak. Positive trend reversed.

The familiar names — California, Florida, Nevada. as they watched the bank’s loans sour at an alarming rate and the bank get sold for a huge discount. By focusing on the strongest banks and not.

[Source: South Florida Sun-Sentinel] Reverse-mortgage fails not a factor in Florida’s stubbornly high foreclosure rate Foreclosures are down nationwide since last spring but not in Florida, where.

Reverse Mortgage Foreclosures ST. PETERSBURG, Fla. (AP) — Outgoing Florida Gov. Charlie Crist wants a state pardon for long-dead rocker jim morrison, who was convicted of exposing himself at a.

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Mario Diaz-Balart, a Florida. National Reverse Mortgage Lenders Association president and CEO Peter Bell said the vast majority of foreclosures consist of property transfers initiated upon the.

2011-03-19  · Reverse-mortgage fails not a factor in Florida’s stubbornly high foreclosure rate

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