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losses  Related Articles



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    These greater numbers of unemployed and underemployed workers are undoubtedly a contributing factor in the fall in demand for mortgages in December, combined with the seasonal drop that happens due to the holiday season. Over the last month of the year the demand for mortgages fell steeply and have made only a very minimal resurgence thus far in the new year.


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    Multinational financial services firm JPMorgan Chase warned investors its projected losses in home-equity lending could rise throughout 2009 because of the declining housing market compounded by problems in mortgage lender and tax foreclosures.


    In Category - Foreclosure




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