How Long to Read Mortgage Foreclosures

How Long Does it Take to Read Mortgage Foreclosures?

It takes the average reader and 16 minutes to read Mortgage Foreclosures by A. Nicole Clowers

Assuming a reading speed of 250 words per minute. Learn more

Description

Statement of A. Nicole Clowers, Acting Dir., Financial Markets and Community Investment, GAO, discussing GAO's work on mortgage servicing issues. With record numbers of borrowers in default and delinquent on their loans, mortgage servicers -- entities that manage home mortgage loans -- are initiating large numbers of foreclosures throughout the country. As of Dec. 2010, an estimated 4.6% of the about 50 million first-lien mortgages outstanding were in foreclosure -- an increase of more than 370% since the first quarter of 2006. Beginning in Sept. 2010, several servicers announced that they were halting or reviewing their foreclosure proceedings throughout the country after allegations that the documents accompanying judicial foreclosures may have been inappropriately signed or notarized. The servicers subsequently resumed some foreclosure actions after reviewing their processes and procedures. However, following these allegations, some homeowners challenged the validity of foreclosure proceedings against them. Questions about whether documents for loans that were sold and packaged into mortgage-backed securities were properly handled prompted additional challenges. This statement focuses on (1) the extent to which federal laws address mortgage servicers' foreclosure procedures and federal agencies' authority to oversee servicers' activities and the extent of past oversight; (2) federal agencies' current oversight activities and future oversight plans; and (3) the potential impact of foreclosure documentation issues on homeowners, servicers, regulators, and investors in mortgage-backed securities. Table. This is a print on demand report.

How long is Mortgage Foreclosures?

Mortgage Foreclosures by A. Nicole Clowers is 16 pages long, and a total of 4,096 words.

This makes it 5% the length of the average book. It also has 5% more words than the average book.

How Long Does it Take to Read Mortgage Foreclosures Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 22 minutes to read Mortgage Foreclosures aloud.

What Reading Level is Mortgage Foreclosures?

Mortgage Foreclosures is suitable for students ages 6 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Mortgage Foreclosures?

Mortgage Foreclosures by A. Nicole Clowers is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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