Rising Foreclosures in the United States A Perfect Storm is popular PDF and ePub book, written by Kelly D. Edmiston in 2008-05, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Rising Foreclosures in the United States A Perfect Storm can be Read Online from any device for your convenience.
Rising Foreclosures in the United States A Perfect Storm Book PDF Summary
In the second qtr. of 2007, the share of outstanding mortg. in some stage of foreclosure (FC) stood at 1.4%, up from less than 1% a year earlier. The number of mortg. entering the FC process reached an all-time high in mid-2007. The FC surge was created by a perfect storm of events. First, the share of sub-prime mortg. originations increased. Second, FC rates for adjustable-rate mortg. (ARMs) have increased, esp. for sub-prime ARMs. Finally, high loan-to-value originations, coupled with stagnant or falling home prices, have left many people with insufficient equity to sell or to refinance their homes. Here is a dissection of the current FC surge. Discusses why the FC situation is likely to get worse over the next 2-3 years & why it is likely to improve afterward. Illus.
Detail Book of Rising Foreclosures in the United States A Perfect Storm PDF
- Author : Kelly D. Edmiston
- Release : 01 May 2008
- Publisher : DIANE Publishing
- ISBN : 9781428988934
- Genre : Business & Economics
- Total Page : 347 pages
- Language : English
- PDF File Size : 16,6 Mb
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