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Edward “Eddie” Whitworth to the board of directors of Compass Bancshares, Inc. Mr. Whitworth was formerly chairman of the board for LNB (formerly Laredo National Bank. consumer loans, mortgages,
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Lower mortgage rates should help homebuyers, but low inventories and high prices that have consistently eclipsed wage growth.
Although there was a bit of good news for the first quarter – the 60-day delinquency rate on auto loans dropped slightly from the fourth. those same areas that have experienced rising mortgage.
A study of home mortgages in 130 american cities," the top 10 areas most at risk for "rate adjustment shock" include Detroit and Flint, Mich.; Memphis, Tenn.; Jackson, Miss.; McAllen, El Paso, Laredo.