How about some good news for a change about real estate, mortgages, credit, jobs, consumer confidence, Wall Street stability, the future of civilization as we know it?
Sorry, not gonna get it here.
Evidence is evidence and though some may like to engage in wishful thinking, the evidence is not good at all.
Goldman Sachs is actually […]

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This week has been an extremely volatile one in the world of real estate and the economy. We’ve seen Gold at $1,000 an ounce, a collapsing dollar, oil skyrocketing, an much more. Of everything that has happened, probably the most shocking is what came out of the Fed this week . . .
According […]

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If someone were to have said, say a year ago, that there would be a crisis in the subprime mortgage market that would lead to world-wide economic chaos, that person would no doubt have been laughed at.
Sadly, though, that is exactly what has happened and the evidence just this week is overwhelming.
But, before the depressing […]

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It is amazing, by any standards, just how bad things have gotten on the economic front because of what was, at first, a crisis in the subprime mortgage market.
Of course, conditions had to be right (or wrong, in this case) for the subprime match to ignite such an enormous world-wide blaze, but, it has, […]

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A little noted report last month deserves a much closer review. It concludes that the subprime mortgage crisis is causing African-Americans to “experience the greatest loss of wealth in U.S. history.”
The report is from United for a Fair Economy and is called “Foreclosed–The State of the Dream 2008.”
According to the report, American blacks stand to […]

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Foreclosures are up 79 percent!
Now that’s something. And that is exactly how much the foreclosure rate in this country increased by in 2007 from the year before.
The latest figures from RealtyTrac paint an even darker picture for the near future: apparently lots of folks just began falling behind on mortgage payments since November, […]

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It was bound to happen. The subprime mortgage fiasco is now the target of investigations by several law enforcement organizations.
The FBI today announcing it is looking at 14 companies—companies that may have committed fraud in the handing out of loans to mortgage borrowers who should not have gotten loans in the first place because of […]

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