Sep 20 2009
The Art of Strategic Mortgage Defaults: The Coming Wave of Foreclosures in California. 588,000 People Nationwide Stop Paying Their Mortgage Even Though they had Funds to Pay.
Throughout the current housing crisis, most of the negative economic data has been clumped into one large group. That is, housing has been a nationwide problem and job losses have impacted virtually every state. Yet there is a coming crisis that has its targets on very specific states. In fact, many states will not even [...]
Sep 17 2009
The U.S. Balance Sheet: Households See Net Worth Down by $12 Trillion Since Peak and Total Debt Floating in the Market of $33 Trillion.
The Federal Flow of Funds report was released on Thursday with an expected jump in household net worth. When we did our last report, we stated that with the $13.89 trillion in wealth that evaporated to the trough, we would expect a jump in net worth to come from the massive stock market rally. The [...]
