Signe

Anti-Foreclosure Measures and Lenders Rights - Housing Tracker

With respect to jingle mail -I have yet to see any hard numbers on this -the editor is in good company, since periodicals such as the WSJ and NYT have published front page articles about the "growing" number of borrowers who, due to negative equity, are mailing keys in lieu of their mortgage payments. Instead of referring to percentages, numbers, cities, MSAs, etc -all of the authors (including the author of this piece) mention "many", "several" "lots" -no information as to whether the borrower's properties are primary residences, second homes or investment properties, no information as to the actual implications of defaulting on a mortgage. Any journalist or analyst who fails to include this information is irresponsible -as these articles do not convey any reliable facts, they are not informative, but alarmist and misleading.