AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Housing numbers are down, but no concern of slump.
Byline: Drew Andersen
Jun. 3--WATERLOO -- There is little doubt the nation is experiencing a housing slump. Tuesday's report by S&P/Case-Shiller revealed first-quarter home prices dropped on a national level for the first time in 16 years.
Banks are blaming mortgage brokers, and mortgage brokers are blaming banks. Nearly everyone is pointing a finger at Federal Reserve Chairman Ben Bernanke for not regulating the mortgage industry.
But has the housing slump extended its reach to the Cedar Valley?
The Waterloo-Cedar Falls housing market took a step backward in the first quarter of 2007, and some of the warning signs of a slump are present. But most area experts agree the dip in the local market is nothing more than a blip on the radar.
- Subprime loans concentrated in low-income areas: L.A. County's defaults double...
- Magazine article from: Los Angeles Business Journal Leffall, Jabulani March 19, 2007 700+ words
Risky subprime loans account for at least a fifth of all...numbers are conservative because not all subprime loans could be counted in the review.) The fear is that a high concentration of subprime loans in any neighborhood may lead to a...
- PERSONAL FINANCE : Subprime loans more common here.
- Newspaper article from: Chattanooga Times/Free Press (Chattanooga, TN) September 6, 2006 700+ words
...home loans took on higher-interest "subprime" loans, federal data indicate. By comparison...borrowers refinanced their mortgages with subprime loans. The Consumer Federation of America...conventional mortgages refinanced with subprime loans -- defined as loans priced at least...
- The Philadelphia Inquirer On Personal Finance column: Real bubble in housing...
- Newspaper article from: Philadelphia Inquirer (Philadelphia, PA) February 11, 2007 700+ words
...lending practices, most involving subprime loans. And on Friday, the Mortgage Bankers...point "fact sheet" arguing that subprime loans are not a problem. Subprime lending...the government says. In theory, subprime loans can be good. In exchange for higher...
- Delinquencies increase among 'subprime' loans: Credit crunch could bring...
- Newspaper article from: Baltimore Sun (Baltimore, MD) March 15, 2007 700+ words
...foreclosures are rising, particularly among "subprime" loans for borrowers with less-than-perfect...close and warned that the market for subprime loans "has changed dramatically in the past...of the economy." The number of new subprime loans in the Baltimore metropolitan area...
- Low-Income, Minority Homebuyers Are Still More Likely to Get Subprime Loans.
- Newspaper article from: Knight Ridder/Tribune Business News November 27, 2002 700+ words
...subjected to the higher costs of subprime loans continued to soar last year...the fourth-largest share of subprime loans to white homeowners who were refinancing, the study reported. Subprime loans made up 10.06 percent of refinance...
- Group Says Minorities Disproportionately Burdened by Subprime Loans.
- Newspaper article from: The Orlando Sentinel (Orlando, Florida) (via Knight-Ridder/Tribune Business News) March 11, 2004 700+ words
...borrowers have wound up with high-cost, subprime loans when they could have qualified for...borrowers, only 6.7 percent had subprime loans. In metro Orlando, the figures were...and 16.7 percent of Hispanics had subprime loans, compared with 9.3 percent of non...
- Subprime loans going under: Implosion hitting would-be homeowners, desperate...
- Newspaper article from: Contra Costa Times (Walnut Creek, CA) March 22, 2007 700+ words
...three months after lenders canceled the subprime loans of four would-be buyers. The lost...Century Mortgage Corp. stopping all subprime loans. In addition, Wells Fargo &...East Bay has a relatively low rate of subprime loans because of higher housing costs that...
- Poor, minority homeowners pay more to refinance; They carry more subprime...
- Newspaper article from: Star Tribune (Minneapolis, MN) Serres, Chris June 23, 2004 700+ words
...homeowners to refinance their mortgages with subprime loans, which carry higher interest rates...North and Phillips neighborhoods. Subprime loans accounted for 35 percent of refinancings...borrower is likely to repay a loan. Subprime loans are typically made to people with ...
