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 [...]
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 October 12, 2009 by MoneyBob
Famed investor Jim Rogers is “quite sure gold will go over $2000 per ounce during this bull market.”Rogers’ confidence gold will continue to rally stems from a view the U.S. dollar is on its way to losing status as the world’s reserve currency.”Is it going to happen? Yes,” Rogers says. “I don’t like saying it [...]
Filed under: Aaron Task, Commodities, Credit Crunch, Credit Freeze, Debt Management, Deflation, Depression, Diamonds, Dooms Day, Economy, Gold, Inflation, Interest Rates, Investing, Jim Rogers, MoneyBob Postings, Oil, Retirement, Saving, Silver, Stagflation, Stock Market, Taxes, The Fed, US Dollar, Uranium, Work, Yahoo Finance, currency, economics | Tagged: Commodities, Credit Crunch, Deflation, Depression, Dollar, Dooms Day, economics, GLD, Gold, Inflation, Investing, Investments, Jim Rogers, Life, Marc Faber, Mortgage Debt, Stock Market, Thoughts, Work | Leave a Comment »
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 October 9, 2008 by MoneyBob
Government Can’t Fix It Personally, I believe the biggest it’s a problem that so many Americans are looking to this year’s presidential candidates, Barack Obama and John McCain, to save our financial system. How did we become so financially weak that we surrender our economic independence to politicians? Where does it say in the Constitution [...]
Filed under: Credit Crunch, Debt Management, Economy, Saving, economics | Tagged: Credit Cards, Credit Crunch, Credit Reports, Debt, Debt Management, economics, Economy, Mortgage Debt | 2 Comments »
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 November 3, 2007 by MoneyBob
Investment Banks Facing New Writedowns Analysts Suggest New Investment Bank Writedowns of More Than $10 Billion Are Coming Soon NEW YORK (AP) — Wall Street turned on itself Friday, as one widely watched analyst said investment banks face $10 billion or more in writedowns this quarter from bad mortgage debt, and another downgraded much of [...]
Filed under: Economy, Liquidity Squeeze, Mortgages | Tagged: , Credit Crunch, Mortgage Debt, Recession, Writedowns | 2 Comments »
Posted on September 20, 2007 by MoneyBob
Double-digit home price drops coming By Les Christie, CNNMoney.com staff writer – September 19 2007: 3:24 pm NEW YORK (CNNMoney.com) — Over the next few years, more than three-quarters of the nation’s housing markets will suffer some decline in home prices. Many will experience double-digit hits in a forecast that has worsened considerably in recent [...]
Filed under: Credit Crunch, Economy, Foreclosure, Middle Class, Mortgages, Real Estate | Tagged: adjustable mortgages, business, economics, Economy, Investing, Life, Mortgage Debt, Mortgages, Stock Market, Thoughts, Work | Leave a Comment »
