Here is the synopsis of our sample research paper on THE RISING RATES OF FORECLOSURES - AND THE REASONS. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
This 10-page paper examines the reason for the large spike in the rate of foreclosures. Also discussed is the subprime meltdown. Bibliography lists 5 sources.
Page Count:
10 pages (~225 words per page)
File: D0_MTforecaus.rtf
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Unformatted sample text from the term paper:
quarter of this year," writes Jennifer Burnett in a recent article discussing the housing market meltdown. The article also points out that, according to the Mortgage Bankers Association National Delinquencies
Survey, the rate of homes going into foreclosure, and the percentage of loans that are going through the foreclosure process are at the highest theyve been in 29 years (Burnett,
2008). Ms. Burnett goes on to notes that this "unprecedented number of foreclosures" is a very visible component of the housing
meltdown that has been in the works for the past year to 18 months (Burnett, 2008). And, perhaps unsurprisingly, its the subprime loans, or "junk loans" as theyve been referred
to, that have been the largest culprit behind the soaring foreclosure rate (Burnett, 2008). Even Federal Reserve chair Ben Bernanke acknowledged in a speech before the Independent Community Bankers of
America in March 2008 that it was those riskier loans that were causing some huge problems in the mortgage arena. And, at this point, the riskier loans are continuing to
make their way through the system. It means that the current trend is likely to continue for awhile longer. Unfortunately, some many
months after the housing meltdown began, the U.S. is still seeing a huge spike in foreclosure rates. The problems, it seems, havent made their complete way through the system, and
its difficult to tell where it will end. More mortgages are scheduled to re-set during the next few years, meaning we could see an even higher spike in interest rates
in the near term future. The higher interest rates could mean higher payments - and higher defaults. Housing 101 - Paying the Bank
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