New Jersey, Florida and New York Account for 49 Percent of FHFA’s Non-Performing Loans Sold
These three states also account for 47 percent of the Enterprises’ loans that are 1 year or more delinquent as of 12/31/2014.
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New Jersey, Florida and New York Account for 49 Percent of FHFA’s Non-Performing Loans Sold
I just detest headlines such as this! I live in Florida and what this headline neglects to tell you is that these states mentioned has the MOST corrupt legal system! These are states where there is a VAST number of homes in foreclosure that are just stalled in the court system due to fraud, robo signing and the like. While these cases sit on the court dockets, they continue to be reported by the financial institutions as “delinquent’ mortgages. Maybe, just maybe, if we had some Judges that obeyed the laws, prosecuted the guilty Plaintiffs and restored the homes to the rightful owners, we would see much different numbers. I know that most posters on this site are much more intelligent to realize that this type of “hype” is just another tactic to make the bankstas look honest.