Articles about subprime mortgages

January saw a 45 percent jump in the rate of foreclosure across Wisconsin, compared to last year. The economic and mortgage problems continued, affecting the real estate market. The Milwaukee based website, ForeclosureWl.com released data, according to which the foreclosure rate was up by 50 percent in Milwaukee County, and 80 percent in Dane County. [...]

Area loan officers of Southern West Virginia and Southwest Virginia declared that as the banking there was more conservative and stuck to more traditional practices, the region was able to avoid the mounting rate of foreclosures that was breaking out all over the nation.
An increase in the adjustable interest rates on subprime mortgages in [...]

Sticking with more traditional banking practices while institutions in other parts of the nation tried riskier loans has helped southern West Virginia and Southwest Virginia avoid the rash of mortgage foreclosures dampening America’s economy, area loan officers said.
In 2007, investors who financed new homes by getting subprime mortgages with adjustable interest rates began to have [...]