Suicide From Home Foreclosure Woes
Have you read about this news where a 53-year-old lady shot herself dead soon after faxing a letter to her mortgage company? The suicide note said that by the time of foreclosure on her house, she...
View ArticleMore Pain From Avalanche of Mortgage Defaults
One year into the Aug 2007 subprime crisis, and the financial sector is still reeling from the after-effects. Billions of dollars were injected into the money markets and interest rates slashed but the...
View ArticleHousing Mortgage Crisis – No Nation Spared
The Straits Times Index fell 20.52 points Monday to close at 2,776.98, volume was a trickle at 948 million, while gainers/losers stand at 157/371. As second-quarter earnings filtered in, we saw that...
View Article11 Bank Failures In 2008 And Counting
Mortgage-related troubles continue to haunt regional banks. The melt down of the housing market has created a self-reinforcing spiral where lower prices lead to more defaults and unsold inventory,...
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