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Aug 08, 2008 - 3:06 AM - by keepmine
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Some stunning numbers here. I got some serious doubts that WAMU will survive. If they do, they'll be a shadow of there former self with a new management team.
Mortgages Made in 2007
Go Bad at Rapid Clip
Delinquencies Worse
Than 2006 Vintage;
New Stress on Banks
By RUTH SIMON
August 7, 2008; Page A3
Mortgages issued in the first part of 2007 are going bad at a pace that far outstrips the 2006 vintage,... [Read More]
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0 Replies | 47 Views
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America's house price time bomb |
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Aug 06, 2008 - 10:15 AM - by BankruptPinoy
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With the American housing market in its worst crisis since the Great Depression of the 1930s, President Bush is authorising new legislation to pave the way for massive new government intervention designed to slow the slide.
The intervention would come as a little known quirk of US law threatens to drive down house prices even faster.
Faced with seemingly never-ending falls in the value of their properties, some American home-owners are taking radical action; they... [Read More]
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6 Replies | 176 Views
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Debt Consolidation Issues |
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Aug 04, 2008 - 2:36 AM - by kurtanselmo
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People with huge debts on their accounts really need to take debt consolidation seriously. If not, they may be forced to seek bankruptcy sooner or later just to be set free from the debts they owed. Always remember that filing for bankruptcy is a last resort and that a record of bankruptcy can be very damaging to your credit history. In this article, we’ll be focusing on some of the debt consolidation options you can choose to overcome debt problems.
Debt... [Read More]
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6 Replies | 240 Views
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