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 »
Posted on August 26, 2007 by MoneyBob
By Alan Abelson
08-27-07
There are over $1 Trillion of securitized low-grade mortgages outstanding and nearly three-quarters of a trillion dollars worth of mortgages whose adjustable rates are slated to rise over the next year, a heap of them sooner rather than later. That alone assures an appreciably larger magnitude of pain in the months ahead.
Moreover, as Merrill [...]
Filed under: Alan Abelson, Economy, Mortgages | No Comments »
Posted on August 26, 2007 by MoneyBob
Debt Rattle
By Alan Abelson
08-27-07
CRISES OF ANY KIND INEVITABLY BRING out the best and the worst in people. They inspire the too few voices of reason as well as the predictable strident expressions of hysteria. And especially intriguing perhaps are the unexpected revelations they offer. The current credit crisis, still fermenting and gathering toxicity, is plainly [...]
Filed under: Alan Abelson, Economy, Real Estate | No Comments »
