Sentences with phrase «mortgages during the boom years»

You say that the growing use of subprime mortgages during the boom years was not about spurring home ownership.

Not exact matches

Get a free San Diego mortgage rate quote Over the last few years, San Diego home prices rose steadily and approached the peak levels seen during the last housing boom.

While others participated in investor - owned markets or were exposed to exotic mortgages such as option - ARMs and interest - only loans, and while some tolerated lax underwriting standards, FHA stuck to the basics during the housing boom: 30 - year, fixed rate traditional loan products with standard underwriting requirements.

Last year, they accounted for about 9 % of the volume of all mortgages made in the U.S. and were especially popular in California, Florida and Nevada — states where home prices rose the most during the housing boom and are now falling most sharply.

More than 2 million subprime mortgage loans that lenders made during the boom years are in foreclosure, putting at risk $ 164 billion in wealth accumulation, the Center for Responsible Lending says in a study.

After rising by double digits for years during the housing boom, property values in some parts of the most populous U.S. state dropped by more than half during the mortgage meltdown that began in...

When they reappraised a few years ago during the real estate boom, their equity had increased enough to drop private mortgage insurance.

An example: Your neighbor refinanced several times during the boom and is now underwater on his mortgage because the house isn't worth that amount anymore... and probably won't be for a few years.