Last week I told you that the mortgage crisis is not over. This week, the message I want you to come away with is that the mortgage and credit crisis do not present a doomsday scenario.
Don’t misunderstand — I am not cavalier about the financial crisis the U.S. is going through. It is scary stuff. [...]
Archive for the ‘Foreclosures’ Category
No Depression on the Horizon …
Posted in Economy, Foreclosures, Real Estate, tagged bridges to hope foundation, Economy, Foreclosures, Real Estate on April 3, 2008 | Leave a Comment »
Record Number of Americans Lost Homes in ‘07
Posted in Economy, Foreclosures, tagged bridges to hope foundation, Economy, Foreclosures on March 7, 2008 | Leave a Comment »
Top Economist Expects Foreclosures Won’t Peak Until Later This Year
Real estate signs sit in front yard of four houses on one a block February 14, 2008 in Detroit, Michigan. The Detroit area, hit hard by a combination of unemployment and a slumping housing market, had the highest foreclosure rate in the nation last year.
A record [...]
Bernanke Floats Home Debt Reductions
Posted in Economy, Foreclosures, tagged bridges to hope foundation, Economy, Foreclosures on March 7, 2008 | Leave a Comment »
The Fed Chairman Says More Can be Done By Lenders to Prevent Foreclosures
Federal Reserve Chairman Ben Bernanke called Tuesday for additional action to prevent more distressed homeowners from falling into foreclosure.”This situation calls for a vigorous response,” Bernanke said in a speech to a banking group meeting in Orlando, Fla.Even with some relief efforts under [...]
Minorities Hurt More by Foreclosures
Posted in Foreclosures, tagged bridges to hope foundation, Foreclosures on March 7, 2008 | Leave a Comment »
Minority Neighborhoods Have Disproportionate Burden of Subprime Loans
Nita Gardner stands along East 113th Street in Cleveland near a house she owns in this Jan. 17, 2008 file photo. The majority of homes on her street are vacant – victims of foreclosures. (AP Photo/Mark Duncan)
Subprime lenders that went out of business with the industry’s collapse targeted [...]
