Category: Economic Crisis

The White House mortgage rescue plan to aid subprime borrowers sets in motion a series of events that could send the U.S. economy reeling into a deep recession, perhaps even worse should the government not require lenders to freeze interest rates for many borrowers, according to a Housing Predictor review. More than 2-million subprime mortgages… Continue reading Mortgage Plan Assures Recession

By Christine Hardenberger Crippled by the credit crunch and falling property values, millions of homeowners are facing the possibility of foreclosure. The delinquency rate is the highest it has been since at least 1985 when the Mortgage Bankers Association started monitoring the market place. It’s a dreadful situation for many people, who have no idea… Continue reading What to do When Facing Foreclosure

By Mike Colpitts Real estate is proving to be a brutal investment for many speculators, who have purchased land as prices come tumbling down as much as two-thirds from the markets peak. A major U.S. land crisis has resulted from the nearly frozen market, which has the potential to cost billions of dollars in losses… Continue reading Land Market is Tumbling