Payment Option ARM Resets to Explode with Devastating Consequences
January 19, 2010 by Editor · Leave a Comment
The next phase of the real estate disaster is upon us. It’s just shifted from subprime to Option ARM and with many economists predicting unemployment will stay in the double digits, foreclosures will only accelerate, which will add to bank losses, which will add pressure to the financial system and broader economy. Words: 471
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U.S. Mortgage Crisis to get MUCH Worse in 2011
January 17, 2010 by Editor · Leave a Comment
The so-called U.S. news outlets are again talking about a “bottom” in the U.S. housing market – and trying to entice more victims to jump in. However, the reality is that mortgage statistics show that the collapse in the U.S. real estate market will continue to get worse until at least 2011. Words: 435
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It’s Payback Time – Big Time!
January 9, 2010 by Editor · Leave a Comment
The recession has forced a financial reckoning for Americans across the income spectrum. The pressure is especially acute for the low-income Americans who relied on borrowing for daily expenses or to gain the trappings of middle-class life. Shifting credit practices over several decades had enabled them to live beyond their means by borrowing nearly as readily as the more affluent. Now it is payback time – big time! Words: 875
