Tag Archives: jumbo loans

The Rich are More Likely to Default on Mortgages

Posted on July 11, 2010 by Alison Moss

Recent research shows that 1 in 7 American with home loans of more than $1,000,000 have missed 3 consecutive mortgage payments. According to marketplace.org only 1 in 12 of home owners with loans less than $1,000,000 are in seriously deliquent. … Continue reading →

Posted in foreclosure | Tagged conventional loan, economic downturn, economic spectrum, foreclosure, having trouble paying your mortgage, home loans, interest rate, jumbo loans, loan modification, marketplace, mortgage lender, mortgage payments, Mortgages, rich forclose, wealthy foreclosure | Comments Off

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Tag Archives: jumbo loans

The Rich are More Likely to Default on Mortgages

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