Mortgage Bankers Association

For some, foreclosure doesn’t mean an end to dream of home ownership

For some, foreclosure doesn’t mean an end to dream of home ownership

When Jennifer Anderson’s family could no longer afford their mortgage and lost their home, she expected many years to pass before they would again become property owners. But less than two years later, in March, they purchased a $297,000 house outside Phoenix, Arizona, after qualifying for a loan backed by the U.S. government. They joined […]

Consumers still strugglig to pay loans

Consumers still strugglig to pay loans

U.S. consumers continue to struggle to pay back home equity, auto and other loans as high unemployment drags on the economy. The American Bankers Association said in a report released on Tuesday that the overall loan delinquency rate ticked up slightly for the second straight quarter. It had been dropping steadily since hitting 3.35 percent […]