Subprime Mortgages

by Grant Hammond|May 30, 2009May 30, 2009|Home Values, Mortgages, Subprime Mortgages

Fitch Ratings is slated to release a report this week showing that 65 percent to 75 percent of modified subprime mortgages will still fall behind by 60 days or more...

GM Received $19.4 Billion in Bailouts Still Bankrupt

by Grant Hammond|May 27, 2009May 27, 2009|ARM, Bankruptcy, Fixed Rate Mortgages, GM Bailout, Refinance, Subprime Mortgages

My thoughts about the news that GM has announced they are most likely going to file for Chapter 11 bankruptcy on Monday.Okay, so let me get this straight. The American...

Foreclosures Rise on Prime Mortgages

by Grant Hammond|May 25, 2009May 25, 2009|Foreclosures, Mortgages, Nashville REO, Subprime Mortgages

This article entitled “Job Losses Push Safer Mortgages to Foreclosure” appeared in the NY Times on May the 25th, 2009. The authors are Peter Goodman and Jack Healy:As job losses...

Nationally, Many Homeowners are "Underwater"

by Grant Hammond|November 2, 2008November 2, 2008|Downtown Nashville, Mortgages, Subprime Mortgages

According to a report by First American CoreLogic, at least 7.5 million American homeowners are “underwater borrowers,” meaning they owe more on their mortgages than their homes are currently worth.This...

WSJ Reports Slowing Mortgage Delinquencies

by Grant Hammond|May 1, 2008May 1, 2008|Downtown Nashville, Foreclosures, Subprime Mortgages

“The subprime mortgage market still is getting worse each month, but there are some indications that the massive problem of borrowers falling behind on their loans may be moderating.Data provided...

Nashville February Home Prices and Sales Data

by Grant Hammond|March 8, 2008March 8, 2008|Nashville, Nashville Homes, Nashville Housing Market, Subprime Mortgages

There were 1,892 residential closings in February 2008 as opposed to 2,575 in February 2007. Of those 1,892 closings, 1,488 were single family homes, 256 were condos, 121 were land,...

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