Dec 8 2009

The New Economic Misery Index: Five Sectors that Show Financial Pain for Americans. Food Stamps, Bankruptcy, Credit Access, Employment, and Housing.

Talking with a few colleagues I was reminded about a misery index used in the 1970s to measure the real feel of the stagflation hitting the country.  Today, we have a more insidious version of economic crisis because what is good for Wall Street is counter to what is good for the average American.  There […]

Nov 2 2009

Bankruptcy Filings to Match Divorce Filings in 2009: 1.5 Million. 35.8 Million Americans on Food Stamps – 11 Percent of the Population. The 5 Indicators of the Misery Index.

It is a sobering fact that in 2009, there will be as many people filing for bankruptcy as those filing for a divorce.  We are on track to seeing an average of nearly 5,900 bankruptcy filings a day for 2009.  While some people use the stock market as their barometer of economic recovery, there are […]

Sep 8 2009

Option ARM Disaster Arrival: Mortgages More Problematic than Originally Thought. $134 Billion Recasting in Next Two Years. 94 Percent Made only Minimum Payment. Only 35,000 of the 1 million Option ARM loans Modified.

Option ARMs, the dubious name for a mortgage product of financial destruction, are back in the limelight showing that they have not gone away.  Everyone by now has heard about option ARMs.  These toxic mortgages allowed borrowers a buffet of payment options.  However, in recent data released this week we are told that things are […]

Jul 19 2009

Negative Equity Nation for 1 out of 5 Homeowners: The Psychology of the 10 Million American Homeowners with Zero Equity.

Recent data suggests that the number one factor for walking away from a home is negative equity.  For us to understand this dynamic, it is important to understand why someone would leave a home with a mortgage.  According to the U.S. Census Bureau some 51.6 million owner occupied homes have a mortgage.  This is data […]

Jul 9 2009

Housing and Banking Deception: 23,000 to 28,000 Foreclosed Homes kept off the MLS or Public View in California each Month.

The math in California housing simply does not add up.  Given the amount of sales and monthly foreclosures over the past few months, it would appear that banks are sitting back while a gigantic backlog of foreclosures grows.  A few in the media are calling attention to this obvious fraud but not many.  The California […]

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