Absolutely mind-boggling numbers. And, the blogger notes, it's just the beginning. Yeah, the economy is just fine, thank you...
Today's Housing Bubble Post - Foreclosures Soar
U.S. home foreclosures soar in August, "The number of foreclosure filings reported in the U.S. last month more than doubled versus August 2006 and jumped 36 percent from July, a trend that signals many homeowners are increasingly unable to make timely payments on their mortgages or sell their homes amid [...]
August foreclosures up 115% from 2006
Republican "let industry self regulate" economics in action. Where are all of the GOP members of Congress who allowed the mortgage market to go unchecked these days? They had no problem allowing this new system to discard decades of common sense so they should have no problem stepping up and explaining themselves today. There's no rush though, since [...]
Tags: Foreclosures, Home Ownership, Adjustable Rate Mortgages
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