Entries for the ‘Housing Bubble’ Category
Welcome to Credit Withdrawal, if you like what you see, you may want to subscribe to my RSS feed. Thanks for visiting! If' you're a customer of Countrywide Mortgage, you've probably got your share of "Easy Refinance Today" offers through both regular mail, and phone calls. I finally got tired of screening the calls [...]
It's a running consensus in our family that we're all getting pretty dissatisfied with the house we're living in. The area is nice, but slowly going down-hill, and we've never gotten along well with any of the neighbors in over 10 years (talking to some friends a block in either direction, that seems to [...]
Yesterday, congress reached a compromise bill to provide aid to those facing foreclosure or already in the midst of a foreclosure. This $15-20 billion dollar bill (all puns intended) will attempt to help deflate the housing bubble in a more controlled manner, and try to prevent the U.S. economy from going into (more) of [...]
I knew it was bound to happen, the Subprime mess being what it is. The ripple-effects of the great Mortgage Meltdown is starting to be felt far and wide. It's most recent victims? Renters. Articles are starting to appear across various news sources about how investors that have overextended themselves, gorging on [...]
It seems that the continuing Subprime mess is about to get messier. With Adjustable Rate Mortgages (ARM) for Subprime borrowers adjusting this quarter, the economy definitely showing signs of recession (first job cutbacks in 5 years, foreign investment in U.S. dollars and bonds down) it's no wonder that everyone's starting to think the sky [...]