Posted on August 20, 2009 by MoneyBob
One In Three Chance You’ll Soon Owe More Than Your House Is WorthPosted Aug 20, 2009 11:15am EDT by Henry BlodgetRelated: xhb, tol, len, kbh, dhi, phmForeclosure rates in the U.S. remain near record highs. More than 13% of American homeowners with a mortgage are either behind on their payments or in foreclosure. The latest [...]
Filed under: Credit Crunch, Credit Freeze, Deflation, Depression, Economy, MoneyBob Postings, Real Estate, economics | Tagged: adjustable loans, adjustable mortgages, Debt, Depression, Foreclosure, home, houses, loans, Mortgage, Mortgage Debt, Mortgages, option arms, Real Estate | Leave a Comment »
Posted on June 15, 2008 by MoneyBob
By AMY MCALISTER Published: June 13, 2008 Foreclosure filings continued their surge in May, jumping 48 percent from levels recorded one year earlier as the number of distressed borrowers continues to mushroom in key housing markets across the nation. RealtyTrac Inc. reported Friday morning that 261,255 properties were subject some sort of foreclosure activity — [...]
Filed under: Credit Crunch, Debt Management, Economy, Foreclosure, Mortgages, Real Estate | Tagged: forclosures, Foreclosure, Mortgage, Real Estate, Sponge Bob | Leave a Comment »
Posted on April 14, 2008 by MoneyBob
Apr 14, 3:26 PM EDT AP Poll: Mortgage Payments Worry Many By ALAN FRAM Associated Press Writer WASHINGTON (AP) — One in seven mortgage holders worry they may soon fail to make their monthly payments and even more fret that their home’s value is shrinking, according to a poll showing widespread stress from the nation’s [...]
Filed under: Credit Crunch, Economy, Foreclosure, Interest Rates, Middle Class, Mortgages, Real Estate | Tagged: Foreclosure, Foreclosures, Mortgage, Mortgage Debt, Mortgages, Real Estate, US News | 2 Comments »
Posted on March 30, 2008 by MoneyBob
By J. ALEX TARQUINIO Published: March 16, 2008 ALTHOUGH short-term interest rates have been dropping, many advisers still recommend that investors hold plenty of cash — and that they keep it in safe and simple accounts. “The biggest mistake people make is reaching for yield and putting their capital at risk,” said David Darst, the [...]
Filed under: Credit Crunch, Economy, Inflation, Interest Rates | Tagged: CPI, Culture, economics, Family, Foreclosure, Foreclosures, History, Inflation, Information, Personal, Thoughts, Work | 2 Comments »
Posted on March 24, 2008 by MoneyBob
CNNMoney.com The bond yield tumble, and the economy Monday March 24, 7:15 am ET By Paul R. La Monica, CNNMoney.com editor at large Bond yields have plunged in the past few weeks. And even if you are not an active investor, you should care about what’s been going on in the bond markets lately. Here’s [...]
Filed under: Credit Crunch, Economy, Inflation, Interest Rates, The Fed | Tagged: Commodities, CPI, Culture, economics, Family, Foreclosure, Foreclosures, History, Inflation, Information, Mortgage, Personal, Real Estate, Thoughts, Work | 2 Comments »
Posted on March 9, 2008 by MoneyBob
Housing Foreclosures hit an all time high of 0.83% of all mortgages nationwide. Over 5.8% of homeowners were behind in their mortgage payments, the largest number in more than two decades. House prices lost a staggering 8.9% in 2007 – and they’re still dropping. The supply of unsold houses rose to 4 million, or to [...]
Filed under: Alan Abelson, Aluminium, Credit Crunch, Economy, Foreclosure, Income, Real Estate, economics | Tagged: Commodities, CPI, Culture, economics, Family, Foreclosure, Foreclosures, History, Inflation, Information, Mortgage, Personal, Real Estate, Thoughts, Work | 4 Comments »
Posted on March 7, 2008 by MoneyBob
March 5, 2008 Op-Ed Contributor Double Bubble Trouble By STEPHEN S. ROACH Hong Kong AMID increasingly turbulent credit markets and ever-weaker reports on the economy, the Federal Reserve has been unusually swift and determined in its lowering of the overnight lending rate. The White House and Congress have moved quickly as well, approving rebates for [...]
Filed under: Economy, Foreclosure, Market History, Mortgages, Real Estate | Tagged: Culture, economics, Family, Foreclosure, History, Information, Mortgage, Personal, Real Estate, Thoughts, Work | 2 Comments »
Posted on March 7, 2008 by MoneyBob
Rapid Deterioration Housing in deepest decline since the Great Depression, economist says By Steve Kerch, MarketWatch Last update: 4:48 p.m. EST March 4, 2008 CHICAGO (MarketWatch) — Housing is in its “deepest, most rapid downswing since the Great Depression,” the chief economist for the National Association of Home Builders said Tuesday, and the downward momentum [...]
Filed under: Dooms Day, Economy, Foreclosure, Market History, Mortgages, Real Estate, economics | Tagged: Culture, economics, Family, Foreclosure, History, Information, Mortgage, Personal, Real Estate, Thoughts, Work | Leave a Comment »
Posted on March 7, 2008 by MoneyBob
Foreclosures hit all-time high Over 900,000 borrowers are losing their homes, up 71% from a year ago, and a record number of home owners are behind on payments. By Les Christie, CNNMoney.com staff writer Last Updated: March 6, 2008: 2:25 PM EST NEW YORK (CNNMoney.com) — More home owners than ever are losing the battle [...]
Filed under: Bankruptcy, Economy, Foreclosure, Liquidity Squeeze, Real Estate, economics | Tagged: Culture, economics, Family, Foreclosure, History, Information, Mortgage, Personal, Real Estate, Thoughts, Work | Leave a Comment »
Posted on August 26, 2007 by MoneyBob
The New Bankruptcy Law is protecting Banks and Lenders more than the Consumers. CONGRESS REVISED THE nation’s bankruptcy laws under 2005′s Bankruptcy Abuse Prevention and Consumer Protection Act, effectively making it harder for individuals to claim insolvency. The reform was seen by critics as protecting banks and lenders more than the consumers the legislation’s title [...]
Filed under: Bankruptcy, Debt Management, Foreclosure, MoneyBob Postings, Mortgages, Real Estate | Tagged: Bankruptcy, bankruptcy law, Banks, Foreclosure | 7 Comments »
