Tag Archive: mortgage bankers association

Jul 06

The Great Depression vs. The Great Housing Crisis of 2011

During the Great Depression of the 1920′s, home prices in the U.S. declined 31%. Compare that to the 33% they have fallen since the home market began its collapse in 2006.   These prices are actually expected to fall even lower. In addition, underwriting standards have become more stringent. More than four in every five mortgages …

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Mar 07

HAMPs Last Days?

Already facing possible defunding in Congress in the coming weeks, the government’s foreclosure assistance programs seem to have abandoned all pretense. Indeed, our loyal bloggers and foreclosure researchers keep a close eye on changes in the foreclosure industry, particularly when it pertains to programs that could help our clients. And yet the Treasury department announced …

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