TITLE

Forward Motion

AUTHOR(S)
Gaughan, Michael
PUB. DATE
November 2008
SOURCE
Best's Review;Nov2008, Vol. 109 Issue 7, p45
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses the risks of home foreclosures towards insurers in the U.S. The author stated that the need for credit monitoring tools is necessary since it can spot homeowners who are likely to damage or abandon their houses. He added that one of the factors that exacerbates the problem id the volume of adjustable rate mortgage (ARM) loans. He emphasized that triggered policies can be custom-built to an insurer's needs to reduce costly claims from distressed properties.
ACCESSION #
35209112

 

Related Articles

  • Economic outlook for 2006: Status quo, slightly modified. Telschow, Tony // North Western Financial Review;1/1/2006, Vol. 191 Issue 1, p16 

    The article presents an economic outlook for 2006 in the U.S. It is expected that economic conditions and GDP growth will not change markedly in 2006. Increased business spending should cover cutbacks in consumption. Scott Anderson, a Wells Fargo senior economist said that ninety-percent of the...

  • Taking the temperature of the industry in 2008. McConnell, Michael // Snips;Mar2008, Vol. 77 Issue 3, p82 

    The author expresses his view regarding the downturn of some businesses in sheet metal industry and heating ventilation and air conditioning (HVAC). He states that HVAC and sheet metal industry are not alone in suffering the effects of the mortgage crisis in the U.S. economy. He states that some...

  • Overdue.  // National Mortgage News;4/2/2007, Vol. 31 Issue 27, p4 

    The author discusses the possible implications of subprime lenders' overdues for the overall conditions of the U.S. economy. According to the author, subprime lenders' overdues, including that of Countrywide Financial Corp., suggest a worst future economic situation in the nation. The author...

  • Mortgage delinquency rates drop.  // Fairfield County Business Journal;3/28/2005, Vol. 44 Issue 13, p19 

    Reports on a drop in mortgage delinquency rates in the United States in the fourth quarter of 2004. U.S. economic growth and job creation; Seasonally adjusted delinquency rate for prime fixed-rate mortgage loans; Subprime loans; Adjustable rate mortgages.

  • Mortgage application volume increases with interest rates.  // Fairfield County Business Journal;3/28/2005, Vol. 44 Issue 13, p19 

    Reports that mortgage application volume increases with interest rates. Market composite index, a measure of mortgage loan application volume in the United States, for the week ended March 11, 2005; Rise in the Mortgage Bankers Association's seasonally adjusted purchase index; Increase in the...

  • A RECKONING WITH RISK. Markels, Alex // U.S. News & World Report;8/7/2006, Vol. 141 Issue 5, p57 

    This article looks at the rising amount of foreclosures in the U.S. Nearly 90,000 homes entered foreclosure in June, 2006, about a 17% increase from a year ago, according to RealtyTrac. Homeowners in Massachusetts were especially hard hit, where foreclosure filings jumped 66%. With a record...

  • Bloody and Bloodier. Cramer, James J. // New York;8/20/2007, Vol. 40 Issue 29, p16 

    The article discusses the collapse of the U.S. subprime loan industry. The article describes the situation which led to the collapse including lenders extending home loans to anyone, complicated lending schemes, and the packaging of mortgages into high-yielding bonds which were sold in the bond...

  • Foreclosures Rise. Berry, Kate; Davenport, Todd // American Banker;11/1/2007, Vol. 172 Issue 211, p10 

    The article reports that foreclosure filings reached 446,726 in the United States for the third quarter of 2007, a 30 percent rise from the second quarter and nearly double the number from the prior year, according to data from RealtyTrak Inc. Many adjustable rate mortgages will reset through...

  • ARMs Race Could Set Off a Wave of Foreclosures. Bryant, John; Gnaizda, Robert // American Banker;5/13/2005, Vol. 170 Issue 92, p6 

    Comments on the adjustable-rate mortgage (ARM) industry and the impact of the Federal Reserve's inflationary warning on the ARM sector. Examples of ARM instruments that could a series of foreclosures in the real estate market; Recommendations for financial institutions from the Greenlining...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics