Home Loans and Mortgages on Bad Credit

Is the mortgage market starting to heal? - Feb. 19, 2010

2010-02-19T09:54:00.000-08:00

Is the mortgage market starting to heal? - Feb. 19, 2010: "The mortgage market may have begun to turn: Fewer borrowers fell behind on their payments during the last three months of 2009.

A seasonally adjusted 9.47% of all mortgage loans were late during the fourth quarter, down from 9.64% at the end of September, according to the National Delinquency Survey, which is produced by the Mortgage Bankers Association and is considered the bible of the industry."

Rate of homes going into foreclosure drops: MBA - MarketWatch

2010-02-19T09:30:00.000-08:00

Rate of homes going into foreclosure drops: MBA - MarketWatch: "'We are likely seeing the beginning of the end of the unprecedented wave of mortgage delinquencies and foreclosures that started with the subprime defaults in early 2007,' said Jay Brinkmann, chief economist of the Mortgage Bankers Association, in a written statement."

Do you think the FDIC will be there to bail us out?

2009-10-19T07:58:00.001-07:00

Looks like the FDIC is catching some heat for not limiting commercial real estate loans and I'm wondering if they really ever do anything but make promises. There job is to insure Americans against these types of scenario and apparently all they can do is fail. How are we supposed to have faith in our banks and our deposists when we are faced with such a mistake prone organization with little to no controls in place to actually benefit us?

in reference to:

"The Federal Deposit Insurance Corp.
failed to enforce its own guidelines to rein in excessive
commercial real estate lending by at least 20 banks that later
collapsed, reports by the agency’s watchdog show."
- FDIC Failed to Limit Commercial Real-Estate Loans, Reports Show - Bloomberg.com (view on Google Sidewiki)