Top 10 Highest Risk Mortgage Markets
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Out of the 100 largest markets in the country, those with the highest risk of mortgage defaults are in 3 states, California, Florida, and Arizona. But the segmentation of the market does not end there.
California holds 8 out of the top 10 spots on this ignoble list of mortgage mayhem. So when the pundits scream about the housing market falling into the abyss, do not fear it so badly. Like insurance rates going up after hurricanes, the housing slowdown is now continuing on as the lenders untangle themselves from the mess they created in California.
The rest of the country is paying for the excesses of a few. Does that surprise you?
Top 10 Highest Risk Mortgage Markets (in the top 100 markets)
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Riverside-San Bernardino-Ontario, CA
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Los Angeles-Long Beach-Glendale, CA
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Sacramento–Arden-Arcade–Roseville, CA
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Miami-Miami Beach-Kendall, FL
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Oakland-Fremont-Hayward, CA
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San Diego-Carlsbad-San Marcos, CA
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Santa Ana-Anaheim-Irvine, CA
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Stockton, CA
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Phoenix-Mesa-Scottsdale, AZ
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Bakersfield, CA (via Corelogic)
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It probably is a really good time to buy real estate - monthly payments are about equal to market rents ...
The part about the inventory is right on but in my area they are mostly low end and beat up ...
I worked for this man, he is a great con man and has done this in more than States then ...
You're right. If you come from Central Jersey (as the Boss and I do), you go to Florida at some ...
Maybe it was kryptonite...
ECONOMIC REPORT
'Prolonged' recession, higher joblessness seen likely
NABE survey indicates most economists now believe U.S. recession's started
By Mike ...
I couldn't agree more.
The newspaper has always "stuck" it to the real estate agent with rates that were much higher ...
By the way, homeowners trying to get short sale approval should be aware that lenders are comparing the initial loan ...
Ouch! Thankfully I haven't come across anything like that yet. We normally don't have situations like that in ...
well, the guy was here illegally.
serves him right. 
BY USING FIRST CLAIM INSURANCE ADJUSTERS YOU WILL HAVE THE ABILITY TO LOOK AT YOUR INSURANCE SETTLEMENT AND REALIZE FIRST ...
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