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  • Mortgage Minute: - Mortgage Fraud Up 400% Since 2005 - Mortgages in Foreclosure Hits New High

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    Mortgage fraud has increased 400% since 2005, foreclosures have hit a new high at 4.63% up 20% from the previous year, and problem banks have risen 150% to 775. Interest rates on 30-year fixed mortgages and 10-year treasury bills remain low while delinquencies are up 10% to 10.06%.

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    Mortgage fraud has increased 400% since 2005, foreclosures have hit a new high at 4.63% up 20% from the previous year, and problem banks have risen 150% to 775. Interest rates on 30-year fixed mortgages and 10-year treasury bills remain low while delinquencies are up 10% to 10.06%.

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    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
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    21 views2 pages

    Mortgage Minute: - Mortgage Fraud Up 400% Since 2005 - Mortgages in Foreclosure Hits New High

    Uploaded by

    api-26371094
    Mortgage fraud has increased 400% since 2005, foreclosures have hit a new high at 4.63% up 20% from the previous year, and problem banks have risen 150% to 775. Interest rates on 30-year fixed mortgages and 10-year treasury bills remain low while delinquencies are up 10% to 10.06%.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 2

    Mortgage Minute

    • Mortgage Fraud up 400% since 2005

    • Mortgages in Foreclosure hits new high


    – Foreclosures 4.63% (up 20% Y-o-Y)
    – Delinquencies 10.06% (up 10% Y-o-Y)

    • Problem Banks now at 775 (up 150% Y-o-Y)


    Interest Rate Activity
    10-Year T-Bill and 30-Year Mortgages Freddie Mac
    Mortgage
    30-Yr Fixed 10 yr T-Bill Yield
    Survey
    5.00%
    4.93%
    4.00%

    3.00%

    2.00%

    1.00%

    0.00%
    0

    0
    0

    0
    10

    10
    10

    10

    10
    01

    01

    01

    01

    01

    01
    01

    01

    01

    01

    01
    20

    20
    20

    20

    20
    /2

    /2

    /2
    /2

    /2

    /2

    /2

    /2

    /2

    /2

    /2
    5/
    1/

    3/

    7/

    9/
    23

    11

    19
    19

    21

    25

    27

    29

    13

    15

    17
    5/

    5/
    5/

    5/

    5/
    4/

    5/

    5/
    4/

    4/

    4/

    4/

    4/

    5/

    5/

    5/
    Data Source: St. Louis Federal Reserve

    •EU incremental actions signal lack of coordination


    •US Employment weakness continues

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