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Mortgage Plan Winners and Losers (cont.) Winners. Big Banks – With Fannie and Freddie withdrawing from the mortgage lending market, guess who’s left standing with the best shot at making a fortune out of mortgage reform? That’s right, the same banking behemoths that glommed on to taxpayer cash to stay afloat during the banking crisis of 2008 and 2009.
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90+ days delinquent, compared to 12.8% in the previous quarter. About 70,000 individuals had a new foreclosure notation added to their credit reports between July 1 and September 30, a new historical low. Student Loans, Credit Cards, and auto loans outstanding student loan debt grew, and stood at $1.36 trillion as of September 30, 2017.
The number of low-cost foreclosed homes coming to market has dropped. according to a May 31 RealtyTrac report. About 1.6 million homes were in the so-called shadow inventory — meaning they’re more.
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