The current loan modification program is a cruel hoax that only prolongs the agony of those seeking to avoid foreclosure. It’s time to move ahead. . . . → Read More: Forget Modification And Move Ahead With Foreclosure
While the number of banks pursuing deficiency judgments has increased dramatically, a little known twist may help certain homeowners whose lender may have “cheated” during the application process. . . . → Read More: Banks Pursuing Deficiency Judgments May Have Something To Fear
Following the expiration of the Housing Tax Credit, single-family housing starts continue to fall, and are now 17.2 percent below the revised April number of 565,000. Seasonally adjusted starts for May were 468,000, the lowest level in the past year.
A decline in BUILDER CONFIDENCE seems to have been confirmed as single-family building permits fell by 9.9 . . . → Read More: Housing Starts Continue To Fall
The latest numbers from The National Association of Home Builders/Wells Fargo Housing Market Index shows that builder confidence has once more taken a negative turn. With declining sales following the expiration of the Housing Tax Credit, home builders now realize that there is no sustainable housing recovery, and that the early spring surge was nothing more . . . → Read More: Builder Confidence Turns Down–Again
While the unemployment numbers reported by the Labor Department seem to reflect continued growth, the underlying truth is that we’re still bleeding jobs. A quick analysis of the actual numbers shows just how wrong such reports are. . . . → Read More: Did The Unemployment Rate Really Improve?
While consumers are earning less and owing more, a more disturbing element is the record number of defaults against credit card debt. . . . → Read More: Private Pay Shrinks As Debt Increases
With millions of unemployed, defaults and foreclosures at record rates, government and individual debt loads unsustainable, our economy teeters on the brink of collapse. Unless serious strategic changes are made, the future of our country hangs in the balance. . . . → Read More: The Precarious Position Of The American Economy