Welcome to Credit Withdrawal, if you like what you see, you may want to subscribe to my RSS feed. Thanks for visiting! Too many people are waking up nowadays, finding that the Adjustable Rate Mortgage ‘good deal’ they bought a few years ago isn’t such the good deal they thought it was, now that [...]

While roaming the blogosphere, I came across this article on the Consumerist - Graphs: Monthly Mortgage Rate Resets, 2007-2016. (Originally from Credit Slips - Is This Just a "Sub-Prime" Mortgage Crisis?)
The article gives a compelling warning that in coming years there’s going to be a lot of upset with the various mortgage and loan [...]

It’s no news that the mortgage industry is in something of a tailspin nowadays. Foreclosures are at a high, and prices are sinking like an anvil in quicksand. What’s worrying isn’t so much that mortgage companies are suffering, but that there’s a domino effect on society that is just now starting to show itself.
One of [...]

The National Association of Realtors released it’s Sales of Existing Homes  report, showing that median home prices had dropped 8% nationwide. The Northeast (surprise!) was hardest hit with an estimated 10% drop in sales since August.
Lawrence Yun, NAR’s senior economist, said the numbers are understandable. "Mortgage problems were peaking back in August when many [...]

Is a Perfect Storm for a Recession Brewing? Take some simple steps to make sure you can weather the storm if it comes.