Colli Real Estate

Mortgage market and subprime borrowers

weak credit histories and reduced repayment capacity are the main characteristics of high-risk borrowers. These borrowers still have a greater risk of becoming not in comparison with others. Also, when a person is in arrears in the payment of loans, the lender has the right to confiscate the property mortgaged by the borrower in the foreclosure process.

In March 2007, the estimated value subprime mortgages in the United States accounted for about 1.3 billion U.S. dollars. At that moment a huge subprime 7,500,000 were also notable. Background is almost 16% of these borrowers were not delinquent for 90 days and foreclosure proceedings were initiated against him. Lenders have taken steps to foreclose on properties almost 1,300,000. In 2009, the amount of property in foreclosure was 2.8 million euros.

Ten of the fifty states United States accounted for approximately 74% of the results of eviction in 2008. Only two states namely California and Florida accounted for approximately 41% of seizures took place in the United States. The reasons for the crisis, as were numerous and ubiquitous in homes and in the credit markets.

Some of the main reasons –

• The inability of owners to make mortgage payments;
• Resetting of adjustable rate mortgage;
• Borrowers on extending the repayment period;
• Predatory Lending;
• speculation and overbuilding during boom times;
• Products of subprime mortgages;
• High levels of personal and corporate debt;
• The funds initially hides the risk of mortgage default;
• Monetary and bad loans;
• The influx of money from the private sector, and
• variable rate mortgage speak negatively about the borrower's financial situation.

Very often, the mortgage lender to sell these mortgages, either directly or indirectly through intermediaries. One of the dangers inherent in this process was the moral fate is in the heart of the disaster facing borrowers financially. inappropriate government policies and regulations have contributed no less than the disastrous conditions of borrowers across the country.

About all the influx of funds from the private sector was the main catalyst for the crisis. Crisis was exacerbated by the policies adopted by predatory lenders, such as mortgages and variable rate loans 2-28.

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