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Author: William B. Shear
Publisher: DIANE Publishing
Keywords: mortgages, nonprime, performance, characteristics
Number of Pages: 57
Published: 2010-01
ISBN-10: 143791988X
ISBN-13: 9781437919882

In dollar terms, nonprime loans accounted for an increasing share of the overall mortgage market, rising from 12% in 2000 to 34% in 2006. Over this period, the dollar volume of nonprime mortgages originated annually climbed from $100 billion to $600 billion in the subprime market. However, these market segments contracted sharply in the summer of 2007. This report examines the evolution and condition of the nonprime market segment. It discusses: (1) trends in the loan and borrower characteristics of nonprime mortgages originated from 2000 through 2007; and (2) the performance of these mortgage

Author: William B. Shear
Publisher: DIANE Publishing
Keywords: prime, mortgage, market, non, equity, performance, negative, home, loan
Number of Pages: 64
Published: 2010-10
ISBN-10: 143792770X
ISBN-13: 9781437927702

The number of nonprime mortgage originations grew rapidly from 2000 through 2006, a period during which average house prices appreciated dramatically. The nonprime share of mortgage originations rose from 12% in 2000 to 34% in 2006. As house prices subsequently fell, the subprime and Alt-A market segments contracted sharply. Borrowers who had obtained nonprime mortgages earlier in the decade increasingly fell behind on their mortgage payments. This report: (1) provides info. on the performance of these nonprime loans as of 6/30/09, and describes forecasts made by others of future loan performa

Author: William B. Shear
Publisher: DIANE Publishing
Keywords: performance, nonprime, mortgage, market, loan, equity, level, information, negative, home, state
Number of Pages: 38
Published: 2010-10
ISBN-10: 1437934943
ISBN-13: 9781437934946

The decline of home prices in many parts of the country has left millions of homeowners with negative home equity, meaning that their outstanding mortgage balances exceed the current value of their homes. A substantial proportion of borrowers with active nonprime mortgages had negative equity in their homes as of June 30, 2009. For ex., among the 16 metro areas examined, the percentage of nonprime borrowers with negative equity ranged from about 9% (Denver, CO) to more than 90% (Las Vegas, NV). This report examines, at the state level, the estimated proportion of nonprime borrowers with active

Author: William B. Shear
Publisher: DIANE Publishing
Keywords: views, protections, term, impact, differ, borrower, strengthen, provisions, mortgages, mortgage, reform, bill, home
Number of Pages: 69
Published: 2009-12
ISBN-10: 1437920349
ISBN-13: 9781437920345

H.R. 3915 (2007), a bill introduced, but not enacted by the 110th Congress, was intended to reform mortgage lending practices to prevent a recurrence of problems in the mortgage market, particularly in the nonprime market segment. The bill would have set minimum standards for all mortgages (e.g., reasonable ability to repay) and created a "safe harbor" for loans that met certain requirements. This report discusses: (1) the proportions of recent nonprime loans that likely would have met and not met the bill's safe harbor requirements and factors influencing the performance of these loans; and (
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