Tag Archives: 90-day defaults

“With prices beginning to decline in selected metro areas and many more to follow over the next couple years, mortgage lenders and investors will have to tighten underwriting standards and increase selectivity until house prices bottom,” said Dennis Capozza, Professor Emeritus of Finance in the Ross School of Business at the University of Michigan.

New foreclosure starts are at their lowest level since 2005, three years before the crisis.