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Even as Mr. Geithner, in prepared congressional testimony, claims that the economy is "recovering", the MBA announced yet another record number of mortgage delinquencies. At over 14%, the number of American homeowners either in delinquency or in foreclosure was an all-time record in September, representing a ninth straight quarterly increase.
Geithner Sees "Economic Improvement" As Mortgage Delinquencies Hit All Time High At the same time, large areas in the Northeast and Midwest saw their greatest migration losses since 2008 Here, each of the 2011-2012 top gainers showed higher levels of migration than in 2010-2011. Immigration levels also took a hit over the past five years.
Geithner Sees "Economic Improvement" As Mortgage Delinquencies Hit All Time High How I long for the days when MBS research was about dry, specialized stuff like prepayments and relative value, projecting cash flows, building data bases and models of prepayment and yield curve.
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Mortgage points are a fee you can pay at the start of the mortgage to lower your interest rate for the duration of your fixed-rate mortgage. Each point costs 1% of your total loan amount.. Next Post Next Geithner Sees "Economic Improvement" As Mortgage Delinquencies Hit All Time High.
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Geithner Sees "Economic Improvement" As Mortgage Delinquencies Hit All Time High Mortgage delinquencies fell to a record low in May as a strong labor market. Late payments fell to 3.36%, the lowest ever recorded in data that goes back. of the U.S. economy and trade tensions between the U.S. and China, the. for Distinguished Business and.