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Channeling Dee Snyder – Mortgage lenders say they’re not gonna take it…anymore. Here in Northern California, we’ve been housing outcasts for awhile. We were weirdos for renting throughout the housing boom. Now, we’re weirdos for a different reason – we’re not walking away from our mortgage. It’s the latest trend, and it’s getting hotter. Why […]
The Daily Show With Jon Stewart Mon – Thurs 11p / 10c Home Crisis Investigation www.thedailyshow.com Daily ShowFull Episodes Political Humor Joke of the Day
The WSJ reports that option adjustable-rate mortgages (Option ARMs) are taking the torch of the housing disaster from subprime mortgages. Yes, the circle of death rolls on in the US housing market – what started as a subprime fiasco is evolving into a more inclusive party, with Option ARMs rolling up, kegs and cigars in […]
Seems like just yesterday that subprime loans were blowing up like the last few seconds of a batch of microwave popcorn. Pop-pop-pop…now you see them now you don’t…keys in the mailbox, see ya later, Mr. Lender. That loan is now your problem. The good news is that the bulk of the subprime loans have reset […]
The Wall St Journal reports that over 20% of US homeowners owe more on their mortgage than their homes are worth. Some metropolitan areas are faring worse – much worse – than others. Las Vegas takes the prize, with an astounding 67.2% of homes that are “upside down” in terms of equity. Maybe the Obama […]
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