Suburb Cat Thousandaire: How Americans Lost a Decade of Wealth through Debt and Listening to the Banking and Housing Industry.
Not all that glitters is gold. And not everyone touting to be a financial expert should be regarded as such. Americans have lived in what could be considered a decade built on a debt façade. As many Americans strolled their neighborhoods, possibly taking the dog out for a walk, many suddenly would come across a […]
The Most Comprehensive California Housing Market Analysis: Looking at 11.5 Million Households and 32 Counties. Investing in California Housing is a Complicated Calculus.
The California housing market has had its worst year on record. 2008 will go down as one of the most difficult and volatile economic years in history. With that said, there is still a lingering notion or profound desire for bargain hunting. Many articles now try to call a bottom in the stock markets by […]
The Main Street Economic Effect: 10 Reasons why This Recession will feel like a Minor Depression.
The investing world is full of cryptic words. Credit default swaps. Seasonal adjustments. Collateralized debt obligations. But for the average American they are interested in how the economic crisis will impact them on a personal level. How does the actions of Wall Street impact their daily lives.
58% of Modified Mortgages Re-default after 8 Months: Why are Loan Modifications not Working?
The Office of the Comptroller of the Currency released data today showing that over half of modified mortgages are back in default after only 6 months. More startling data is that 36 percent of the borrowers re-defaulted after only 3 months. What this is telling us is that modifications are not helping to buffer the […]