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Tag Archives: housing crisis

Mortgage report finds state ranks high in bad loans

The Feb. 2010 Mortgage Monitor report, released by Lender Processing Services Inc., shows that while delinquency rates in the U.S. have risen to historic highs, the pace of deterioration has slowed. However, the nation’s housing market remains far from a full recovery, and Mississippi has the third-highest non-current loans in the nation. Based on data extrapolated from the LPS servicing ...

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Home builders lose confidence

LOS ANGELES — The National Association of Home Builders says its housing market index slipped in March, as harsh winter weather and competition from foreclosed properties hurt builders’ sales prospects. The Washington-based trade association said Monday its index slipped two points to 15, back to its January level. Readings below 50 indicate negative sentiment about the market. The last time ...

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Foreclosures fall off significantly

WASHINGTON — The number of borrowers falling behind on their mortgage payments dropped sharply at the end of last year, a sign the foreclosure crisis is beginning to ebb. The Mortgage Bankers Association said Friday the percentage of borrowers who missed just one payment on their home loans fell to 3.63 percent in the October to December quarter, down from ...

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Tax credit expected to hurt home sales

WASHINGTON — Last month’s sales of previously occupied homes are expected to be down sharply from November after prospective buyers were granted more time to take advantage of a tax credit. Buyers last month were no longer scrambling to qualify for a tax credit for first-time homeowners that was due to expire on Nov. 30. To give the market an ...

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Extended benefits bill passes Senate

WASHINGTON — Sen. Thad Cochran (R-Miss.) has voted for legislation that would allow the State of Mississippi to offer an additional 20 weeks of unemployment benefits to jobless workers. The Senate approved (98-0) the Unemployment Compensation Extension Act of 2009 (HR.3548), which in addition to extending unemployment benefits will also extend and expand an expiring homebuyer tax credit. The House ...

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