There were 49,000 completed foreclosures nationally in June, down from 54,000 in June 2013, a decrease of 9.9%, according to CoreLogic's latest National Foreclosure Report. more »
WORTH THE RISK? Even if a lender has strong doubts about a borrower's ability to make monthly payments, it may make the loan anyway because technology has made it easier to find and repossess the car, said MVTRAC's Scott Jackson.
Since the collapse of the subprime mortgage market, lenders have all but stopped offering loans that sound too good to be true. But that's not the case with subprime automobile loans, which lenders continue to market aggressively to consumers with imperfect credit. more »