Housing Market Tracker - Defaults on Mortgage Insurance Still Rising [View article]
The basic issue in todays financal mess is the cost of a home. Homes used to sell for 2-3x an individuals income. Today they are as much as 6-8 times. If it takes 10% of a home's cost to pay for finance, property taxes,insurance, and maintenance, this amounts to 70% of an individual annual income on a 7x income house.
A Guide to Subprime Terms and Possible Solutions [View article]
The federal govt cannot force the acceptance by the creditors of a lesser rate of interest. We are a nation of contracts. When the govt can force the change in a commercial contract, they are weakening the the very pilars which have made this country so great.
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Housing Market Tracker - Defaults on Mortgage Insurance Still Rising [View article]
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