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Loan Modification

: Loan Modification & Home Loan News

Foreclosures boom among nation?s credit savvy borrowers

By Moe Bedard

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A record number of borrowers once judged the most creditworthy are heading into foreclosure as the job market leaves more homeowners unable to keep up with mortgage payments.Foreclosures among borrowers with prime conforming loans have shot up 425% since January 2008, according to Lender Processing Services, which compiles mortgage data. Conforming loans are those eligible [...]

Full post as published by Loan Modification & Home Loan News on July 29, 2010 (boomark / email).

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