Mortgages

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Foreclosure Frenzy

The enormity of the subprime debacle continues to unfold.
RealtyTrac - the pulse of foreclosure info - reports that in April, 243,000, or 1 of every 519 households across the country, were sent foreclosure notices. That’s 67% higher than April 2007, and a 4% increase over last month.
“It’s the highest monthly total we’ve seen since we […]

Popularity: 32% [?]

22May2008 | User ImageLisa | 7 comments | Continued
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When People Go Bad: A History of the Subprime Mess

I’ll sum it all up in four words - deregulation, unscrupulous, predatory, greed.
There you have it. And now, here we are, in up to our necks, even atheists helplessly praying, watching as our 401ks shrink from ripe plump grapes into shriveling raisins, hoping we still have our homes and some retirement money left when the […]

Popularity: 59% [?]

14Apr2008 | User ImageLisa | 12 comments | Continued