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Neighborhoods in Queens, the Bronx and Brooklyn also have large concentrations of subprime loans, which are at high risk of foreclosure, according to Home Mortgage Disclosure Act data examined by The New York Times.
Those homeowners may continue to pay their note, but those who suffer a shock like job loss or illness are at a high risk of foreclosure because they are unable to downsize by selling.
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Subprime loans have helped borrowers with modest incomes and poor credit buy homes, but the loans usually carry higher fees and interest rates, as well as a higher risk of foreclosure.
They can also carry higher fees and prepayment penalties and thus are at a high risk for foreclosure.
Since a combination of joblessness and underwater loans is the main driver of foreclosure, Nevadans are clearly at high risk of losing their homes, as are homeowners in the other four states.
ACA has insured about $26 billion in mortgage-related collateralized debt obligations, some of them considered at high risk of loss as more homeowners fall behind on payments and end up in foreclosure.
High body fat = high risk of cancer.
Darius was at high risk of death.
Despite having features traditionally connected with high risks of serious default and foreclosure — zero-down-payment borrowers during the housing boom often performed poorly — the VA's default rates are as good as or better than "prime" conventional market performance and far superior to the FHA's.
"These companies are nothing more than fronts for scammers, conning people out of thousands of dollars while putting them at higher risk for foreclosure," said Illinois Atty.
Research indicates these homeowners are also at a higher risk of losing their home to foreclosure, either because they can't afford to keep up with the mortgage or don't see the point in making payments on a home that seems impossible to ever pay off.
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