Obama saving 9 million homeowners

More than 3 million owners have lost their homes during the past three years, and almost 5 million more could follow this year through 2011, Share

$100 billion for U.S. home crisis

Last Thursday, U.S. President-elect Barack Obama’s administration announced plans to address the home mortgage crisis Share

Credit Crisis Cost Tops $1 Trillion

An insightful article on Bloomberg.com reveals how the credit crisis cost has now topped $1 trillion. “Losses and writedowns from the credit crisis Share

A quick solution for the housing and economic crisis

I just read an interesting letter to the editor on The Seattle Times which although rather simplistic, makes a very powerful point. The letter to The Seattle Times editor reads: Share

Mountain House, California drowns in debt

The New York times publishes a story about Mountain House, California. “Because of plunging home values, almost 90 percent of homeowners here owe more on their mortgages than their houses are worth, according to figures released Monday.” This...