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Jumbo Mortgage Defaults on the Rise in the Sun Shine States?

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Conventional vs. Adjustable Rate Mortgages Explained | Personal Finance Series The risk of mortgage defaults is on the rise in Australia due to worsening housing affordability, a new report has warned. According to the report by research company Moody’s, housing affordability in Australia has "deteriorated significantly" over the 12 months to October 2015, especially in.

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Amy’s review of Squirm Jumbo Mortgage Defaults on the Rise in the Sun Shine States? ‘Strategic’ Mortgage Defaults On Rise. Strategic defaults are when borrowers who owe more on their homes than they’re currently worth choose to stop paying their mortgage but continue to meet other.

The jumbo-mortgage market has been a bright spot for the banking industry in recent years. Banks love putting those loans on their books. But the tax law has already removed some of the shine from it.

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