jimkeller: Housing Problems Persist

Administrator · #1 (**permalink**) 12-08-2008, 07:12 PM

Housing bProblems/b Persist More bad news on the housing front, from CNN. Half of bmortgages/b that were modified early in the year are already in default. This really shouldn't be a surprise. Fundamentally, the bproblem/b isn't the length of b.../b

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NESG · #2 (**permalink**) 04-17-2010, 01:18 AM

This problem won't go away until the 2nd mortgages realize they aren't worth the paper they're written on and settle for 5% modify the loans.

2nd mortgages are the epitomy of greed and with real estate values plummeting nationwide, they are left completely unprotected. Until they let go the economy will hang in limbo

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