Category Credit crisis

The Housing Bubble

Scan through the posts on The Housing Bubble. Behind the dry-sounding statistics about increasing foreclosure rates, there’s a world of hurt going on. People are losing their homes. Worse, the loss they take on the house can be taxable and…

Pop go the mortgage lenders

17 mortage lenders have imploded since Dec. 2006, with more on the critical list. Maybe making high risk subprime loans wasn’t the best of all strategies after all, especially in a place like Orange County CA where 17% of the…