Just in time for your holiday listening pleasure, here are two songs making their way around the blogosphere to celebrate the season and mark another year of falling home prices and an expanding commercial real estate bust.
First, via Mortgage Insider, here’s “The Twelve Months of Default,” which More…
As Congress jousts over the effectiveness of the stimulus package to stir economic activity, it’s worth noting that homeowners — whose troubles are at the root of the economic crisis — continue to struggle. Nearly one-fourth (23 percent) of mortgage-paying homeowners nationwide now owe more on their homes More…
There’s more proof out today that the foreclosure crisis is only getting worse, despite everything that’s been thrown at it so far: Foreclosure notices reached a new record high during the first half of this year, Bloomberg reports.
Citing data from RealtyTrac, an online foreclosure database, Bloomberg said More…
The New York Times takes a swipe at the Obama administration today, in a sobering editorial warning that more needs to be done to address the alarming number of Americans continuing to lose their homes to foreclosure.
The editorial notes a reality that is coming increasingly into focus: Loan More…
Kathleen Keest over at Credit Slips gives the most concise explanation yet of why a worrisome percentage of car owners are underwater on their auto loans – and how that big problem affecting the economy is being overlooked.
Lots of people think that when they trade in their old More…
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