A viewer's comment on YouTube led me to this terrific inside view of the 2008 financial crisis, and the resulting impact on the world. It rightly blames the entire fiasco on the Tan Man, who pitched his mortgages to Wall Street based on the yields generated if...
The media has been playing first 1-2 minutes of Good Morning, Vietnam, but that's not enough. You really need the eight-minute version to appreciate his full talent in this movie. He seemed like a great guy too:
In the San Diego-Carlsbad area, 11.4 percent, or 66,899, of all residential properties with a mortgage were in negative equity as of the third quarter 2013, according to CoreLogic. It was a slight improvement from 2Q13, when 13.6% of all mortgaged properties were...
From reuters.com: LOS ANGELES, Aug 16 (Reuters) - In the age of Facebook and Twitter, a new crime has hit America: "Sharpie parties," gatherings of party revelers armed with "Sharpie" magic markers and lured by social media invitations to wreak havoc on foreclosed...
From HW: The negative equity problem for U.S. homeowners might be worse than previously thought, at least according to a new measure from Zillow. The online real estate data provider, in its first negative equity report, said 15.7 million, or 31.4% of homeowners were...
From dsnews.com: An alarming number of homeowners see strategic default as a viable option should their home continue to depreciate. Almost half of the homeowners participating in an online poll from Housing Predictor say they will walk away from their mortgage...
From msnbc.com: When David Martin and his wife bought their north Seattle condo five years ago, they figured they had plenty of time to downsize if they needed to before they retired. Now, with the property worth roughly $60,000 less than the balance of their...
From cnnmoney.com (seen at CR): NEW YORK (CNNMoney) -- Delinquent borrowers facing foreclosure are learning that they can stay in their homes for years, as long as they're willing to put up a fight. Among the tactics: Challenging the bank's actions, waiting to file...
David Blitzer and his crooked bow tie make the usual psycho-babble comments on CNBC: http://www.cnbc.com/id/45475582 "Consumer attitudes have gotten a lot more negative about long-term commitments, and the No. 1 long-term commitment most people in this country made is...
From cnbc.com: http://www.cnbc.com/id/39873678/ A new survey by Pew Research says 36 percent of Americans believe walking away from their mortgage is perfectly acceptable. We want to know if you would ever simply leave your mortgage and your home behind. Tell us what...
