This home-loan crater is deeper than anything we witnessed during bubble-bursting, housing meltdown of the mid-2000s.
. These stats, dating to 2000, look at loan-making in 210 metro areas nationwide – including 19 regions in California.That’s the second-slowest slowest three months of the century. It’s also a stunning 63% nosedive from the year-ago period, making this the biggest 12-month drop on record.
So this summer, mortgages made to buy a home fell by 53% from a year ago. And homeowners refinanced 82% fewer loans. The nation, minus the California metros, had 1.8 million mortgages made this summer – a 44% drop over 12 months, also the largest decline on record. There were 30% fewer purchase loans, and 66% fewer refis but 45% more home equity loans.If you make mortgages for a living, this is a huge disaster. No loans. No paychecks.: “Business has all but stopped for mortgage lenders. And, yes, it’s much worse than the mortgage volume collapse I remember from the Great Recession.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Collins, Arizona State rally past VCU 63-59 in LegendsFrankie Collins scored 15 points and Arizona State erased an 11-point deficit as VCU went cold and the Sun Devils won 63-59 on Wednesday night in the Legends Classic at Barclays Center.
Weiterlesen »
A tale of two speeches: Nancy Pelosi and Donald Trump's very different wordsOPINION: A comparison of Pelosi and Trump’s words in their highly anticipated speeches this week is the best way to demonstrate why one will be long venerated for her historic contributions and the other ridiculed as one of democracy’s grandest failures.
Weiterlesen »
Man who threatened Arizona border officials sentenced to prisonJohn Milton Lee, 63, prompted an hour-long standoff with border officers on Nov. 1, 2019 at the Lukeville port-of-entry, officials say.
Weiterlesen »
N.J. retreats from controversial plan to eliminate school-based mental health programsCurrently, New Jersey annually serves 25,000 to 30,000 of 1.4 million students in 63 districts, including Camden.
Weiterlesen »
Flavored tobacco products to be banned in Calif. very soonCalifornia retailers who sell flavored tobacco products once the ban takes effect will be subject to $250 fines for each infraction.
Weiterlesen »
Wrong-way California driver arrested after allegedly plowing into 25 law enforcement recruitsNicholas Joseph Gutierrez, 22, is accused of plowing into law enforcement recruits in Whittier, leaving 25 injured. Officials say he is not eligible for bail.
Weiterlesen »