Indeed, the foreclosure rate is increasing.

A weaker economy means more bankruptcies and home foreclosures and higher unemployment.

The housing recession the worst in US history and worsening every day will eventually see house prices fall by more than 20 , with millions of Americans losing their homes.

The Right Weights for Mortgage Risks

Occupy the Mortgage Lenders

The growing gap between mortgage debts and house prices will continue to increase the rate of defaults.

So far, the sub prime crisis has had a limited direct impact on Latin America s mortgage markets.

Losses are spreading from sub prime to near prime and prime mortgages, commercial mortgages, and unsecured consumer credit (credit cards, auto loans, student loans).

In the US, reviving the credit markets requires stopping the mortgage defaults driven by negative equity.

Mortgage debts, too, must be written down.

So they've created deductions, subsidies and insurances.

Interest rates, or interest on your mortgage, or how much interest do I owe on my credit card.

Since price declines would bring with them wage declines, the ratio of monthly mortgage payments to wage income would rise.

As Bernanke pointed out, 45 of US farms were behind on mortgage payments in 1933, and in 1934, default rates on home mortgages exceeded 38 in half of US cities.

Mortgages became more widely available.

Mortgage brokers were happy to get in on the act.

It was called securitized mortgages.

Credit card, electronic wallets, mortgage back security stock options.

Thus, although delinquency rates have risen slightly in Mexico since the mortgage market was created in 2003, only about 5 of mortgages are between 31 and 60 days late. Only 2 are between 61 and 90 days late.

He was, he now says, focusing on how fixed rate mortgages are relatively bad deals for borrowers in times of low inflation, which was a mistake.

After the subprime crisis erupted, mortgage and consumer debt was paid down by households either with their savings or by default.

If that happens, a homeowner with a mortgage would see the real value of his debt rise by 10 . Since price declines would bring with them wage declines, the ratio of monthly mortgage payments to wage income would rise.

Unlike virtually every other country, US residential mortgages are effectively no recourse loans.

The problem was not just sub prime mortgages.

The absence of no money down mortgages might be more important than Confucian ethics in explaining China s high savings rate.

Moreover, the US housing market appears to be stabilizing....Overall, the US mortgage market has remained resilient, although the sub prime segment has deteriorated a bit more rapidly than had been expected.

a rapid reduction of insolvent households debt burden, preceded by a temporary freeze on all foreclosures

But mortgage markets remain underdeveloped in most emerging economies.

What is needed is a quick write down of the value of the mortgages.

In the fourth act, the real estate bubble will burst.

If you have a mortgage, refinance with another bank.

But this assumption was shattered when a broad based decline in real estate prices began in 2007 and loss rates on mortgages suddenly increased. As a result, RMBS were found to be much riskier than anticipated.

As a result, mortgage brokers maximize their income by generating larger volumes of mortgages, as do the banks that package these loans into mortgage backed securities (MBS s).

In Mexico, all mortgages carry fixed interest rates, unlike the infamous exploding ARMs that left US homeowners ruing their choice of adjustable rate mortgages when interest rates rose. Mexican mortgages are indexed to inflation, but the state mortgage agency links that index to the minimum wage and makes up the difference if mortgage interest adjustments for inflation outpace wage growth.

Its members could not agree even on how to define subprime mortgages and calculate how many such mortgages there were in the United States at the time of the crisis.

The state is an epicenter of the housing bust and the foreclosure crisis.

Around sixty sub prime lenders have already gone bankrupt.

Some limited previous experience with mortgage modifications is not encouraging.

There was a huge moral hazard courtesy of the government in the mortgage market.

Wall Street has polluted the economy with toxic mortgages.

Sub prime mortgages made the American dream come true.

One place to start is the tax deduction for interest payments on home mortgages.

The sub prime crisis has exposed serious problems that we must address.

Housing prices began to rise by 10 a year.

like subprime mortgages or Bernie Madoff's pyramid scheme, the devil is always in the details.