Are record-low interest rates masking high-cost mortgage lending?

Are record-low interest rates masking high-cost mortgage lending?

Five leading economists weigh in and the answer may surprise you

Auction.com partners with Google to predict housing trends

Nowcast will predict in real time

The New York Times rambles, and mangles mortgages along the way

Mortgage finance and mortgage regulation aren’t the paper’s strong suits
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Consumer Bankruptcy Filings Up Nearly 40 Percent in 2007

U.S. consumer bankruptcy filings increased nearly 40 percent nationwide in 2007, according to the American Bankruptcy Institute. Data used by the Institute found 801,840 filings last year, compared to the 573,203 filings recorded during the similar period in 2006. “The roughly 40 percent spike in consumer bankruptcies during 2007 presages even higher filings this year, as the heavy consumer debt load is made worse by the home mortgage crisis,� predicted ABI executive director Samuel J. Gerdano. However, the data also showed that the 66,389 consumer filings recorded in December represented a 7.5 percent decrease from the 71,799 filings recorded in November. Chapter 13 filings constituted 38.32 percent of all consumer cases in December, a slight decrease from November. For more information, visit http://www.abiworld.org.

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