The Housing Crisis

An upclose perspective..

Confessions of a Mortage Broker: One Perspective on the Impending Housing Meltdown

As home prices continue to slide and we are in the midst of record foreclosures, as Pamela noted here a few days ago, I wanted to share with readers my perspective of the impending housing meltdown. I first began selling mortgages in 1993. At that time the riskiest mortgage available was a loan to persons in a [...]

The broader picture has an even more negative tint..

Quotes of the Day

Housing prices are spiraling downward and consumer confidence plunged four points in September. But that's dry and analytical. For an earthier view of what this means, here's a summary from a set of focus groups run by [...]

Tags: Housing Crisis, Foreclosure, Mortgages