Posted on February 23, 2010 by MoneyBob
The percentage of loans that were in foreclosure or behind at least one payment hit 15.02%, the most since MBA’s records began in 1972. Foreclosures will likely stay high in 2010.
Real estate Web site Zillow.com recently said one in five homeowners were underwater in Q4!!
4.5 million foreclosure filings are expected this year, up from 2.8 [...]
Filed under: Credit Crunch, Debt Management, Deflation, Economy, Foreclosure, Middle Class, Mortgages, Saving, Thoughts, Work, economics | Tagged: adjustable loans, adjustable mortgages, Debt, Foreclosures, home, Housing, housing bubble, Mortgage Debt, Mortgages, Recession, U.S. National Home Price Index | 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 [...]
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 chief [...]
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 why.
The yield on the [...]
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 over a [...]
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 »
