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

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The number of defaults on $1mm+ mortgages has no-where to go put up. – The reduction in RE taxes is going to kill the local communities. These homes were a big component of the tax base. (Approximately 1.8% of purchase price) I did check a few other areas in the country to see if the phenomenon of jumbo mortgage defaults was popping up elsewhere.

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NEW YORK (CNNMoney.com) — Mortgage fraud is still on the rise, according to a report released Monday. Research Institute (MARI), a division of LexisNexis. The worst-hit states include Florida,

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The Rise in Mortgage Defaults Christopher Mayer, Karen Pence, and Shane M. Sherlund T he rst hints of trouble in the mortgage market surfaced in mid-2005, and conditions subsequently began to deteriorate rapidly. According to data from the Mortgage Bankers Association, the share of mortgage loans that

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