44% of cook county homes with a mortgage are underwater
almost 667,000 homes with a mortgage in the seven-county chicago area were underwater on their mortgages in march -- and 13 percent of those homeowners were also delinquent on their mortgage payments by three months or more.
mortgage lending slumps 19pc
gross mortgage lending fell by 19pc to £10.2bn in april, according to the council of mortgage lenders.
mortgage lenders face risk and additional cost of doing business
kroll factual data, inc. , a leading provider of independent verification services to mortgage lenders, banks, credit unions and property management firms, announced today that more than 14 percent of the loan files processed by kroll factual data in 2011, and in the first quarter of 2012, contained certain applicant-provided information that suggested the possibility of fraudulent activity.
tighter mortgage rules not enough in hottest real estate markets, oecd says
ottawa - moves by the federal government to tighten mortgage lending rules aren't doing enough to cool the housing market in the hottest regions in the country, the organization for economic co-operation and development said tuesday.
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