Defaults

FHA: Wealthy Buyers Qualifying For Guaranteed Mortgages, Despite Depleting Reserves

nytimes.com | DAVID STREITFELD | Posted 11.20.2009 | Business

Read More: Mortgage Crisis, Federal Housing Administration, Mortgage Bankers Association, Home Buyers, Defaults, First-Time-Home-Buyer-Tax-Credit, Housing Crisis, Home Buyer Credit, Business News

The Internal Revenue Service is giving tax rebates to first-time buyers, and soon to move-up buyers, in a program beset by accusations of fraud. And t...

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Foreclosures Rising In Housing Market's Top Tiers

Wall Street Journal | NICK TIMIRAOS | Posted 10.11.2009 | Business

Read More: Mortgage, Foreclosure Rates, Defaults, Recession, Real Estate, Housing Crisis, Housing Data, Foreclosure, Housing Statistics, Home Values, Mortgate Defaults, Housing Report, Subprime Mortgages, Zillow, Economy, Prime, Business News

About 30% of foreclosures in June involved homes in the top third of local housing values, up from 16% when the foreclosure crisis began three years a...

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Moody's "Bottom Rung" List Of 283 Companies At Risk Of Default

Huffington Post | Julie Satow | Posted 04.10.2009 | Business

Read More: Moody's Bottom Rung, Moody's List, Debt, Moody's the Bottom Rung, Bottom Rung Moody's, Defaults, Moody's Bottom Rung List, The Bottom Rung, Moody Bottom Rung, Bottom Rung, The Bottom Rung Moody's, Moody's Investor Services, Bottom Rung List, Moody's, Moody's Default List, The Bottom Rung List, Moody's Bottom Rung Companies, Moody List, Business News

On Tuesday, Moody's Investors Service published a new list called the Bottom Rung, which details which companies the ratings agency says are most like...

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New Mortgage Crisis Looms, Number Of Defaults Expected To Double

AP | MATT APUZZO | Posted 12.29.2008 | Business

Read More: Defaults, Mortgages, Mortgage Crisis, Mortgage Meltdown, Mortgage Payments, Foreclosures, Business News

WASHINGTON — Black Friday's retail shoppers hunting for holiday bargains won't be enough to stave off what's likely to become the next economic ...

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It's the Mortgages: How to Restore the Health and Stability of the Economy

Graciela Chichilnisky | Posted 12.18.2008 | Business

Read More: Mortgages, Freddie Mac, Defaults, Bailout, Mortgage Crisis, Financial Crisis, Fannie Mae, Credit Default Swaps, Fannie Mae Freddie Mac Bailout, Mortgage Defaults, Alan Greenspan, Business News
Graciela Chichilnisky

The true root cause of the financial crisis starts with the continued defaults on mortgages that magnify and snowball throughout the entire financial system.

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