Archives for November 2009

A New Record For Defaulting Mortgages

A report this morning by CNBC showed the pace at which homeowners defaulted on their home loans slowed over the summer for the third straight quarter but the overall rate of delinquency hit a new high. Transunion, the credit reporting agency showed that for the months of July, August and September, 6.25% of all U.S. […]

Upside Down Mortgages Could Get Worse

As signs of price stability in the housing market appear throughout the country, the areas most hit by the downturn still face an overwhelming number of under water mortgages. While these markets saw a tremendous increase in home values between 2002 and 2005, many home buyers jumped for the opportunity to get in, with many […]

Why Veterans Day?

Today is Veterans Day. Seems like any other day except for the fact that in our country the world some what takes a break from itself and thinks about what some men and women have chosen to do for us. That’s right, for us! As we wake up every morning from our warm beds, go to […]