It looks like pending foreclosures from adjustable rate mortgages are affecting lower income people more then the rich, explains Al Tompkins at Poynter Online. Tompkins looks at recent stories in the St. Petersburg Times (Florida) and Winston-Salem Journal (N.C.) which illustrate this quite clearly.
Black homeownership is falling in Louisville, Kentucky according the the US [...]
Joshua Dorkin
Charles Feldman
Ted Karsch.
The Sky is Falling . . . We’re Watching and We’re Not Going to Do Anything About It
by Tom Koziol | July 3, 2008In a previous post I had mentioned I belonged to USAA. For anyone who doesn’t know, USAA is an insurance company founded by Air Force personnel back in the days when military members found it almost impossible to get insurance.
As it turns out, I had saved an article from their USAA MAGAZINE, Spring 2007, issue. [...]