More Homeowners are Opting for 'Strategic Defaults' March 17, 2010, Los Angeles Times Nearly one-quarter of U.S. mortgages, or about 11 million loans, are "underwater," i.e. the houses are worth less than the balance of their loans. While home values are regaining ground — median...
Debtor's Dilemma: Pay the Mortgage or Walk Away December 17, 2009, Wall Street Journal Should I stay or should I go? That is the question more Americans are asking as the housing market continues to drag. In good times, it would have been unthinkable to stop paying the mortgage. But for Derek Figg...
Fed Takes Foreclosure Ads to the Movies Wall Street Journal The Federal Reserve is coming soon to a theater near you. The subject won't be the drama inside the central bank or its role in the current financial crisis. Rather, Fed officials plan to launch advertisements in movie theaters to warn homeowners...
President-elect Barack Obama is going to need his track shoes on to hit the ground running when he takes office later this month. The nation’s tortuous economic course is going to test his endurance and stamina as he winds along a very long-winded marathon. Although this is not breaking news to...