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The Foreclosure Picture Worsens: No Relief In Sight

In the news, the foreclosure picture worsens, there is no relief in sight:

Countrywide to Adjust Loans for At-Risk Borrowers

“Countrywide announced plans to refinance or modify some $16 billion worth of loans for more than 80,000 borrowers who will soon hit an unaffordable rate reset, or those who have already fallen behind after their payments rose.”

Biggest [...]

Ten Post Round-Up: Monday Madness

Ah, Monday.
Four more days to Friday.
I have a feeling it’s going to be a very long week.
Drumroll, please!
From The Huffington Post:

The Worst Economy Of Our Lifetime, pt. II:
Yet last week the economic news was upbeat. The US economy grew 3.9% and the economy added 166,000 jobs. Shouldn’t people be happy about those developments?The answer is [...]

The Foreclosure Picture Worsens: An Ugly Spiral

The foreclosure picture worsens, with no end in sight, as USA Today reports:
Number of U.S. homes facing foreclosure doubles:
LOS ANGELES — A soaring number of U.S. homeowners struggled to make mortgage payments in the third quarter, with properties in some stage of foreclosure more than doubling from the same time last year, a mortgage data [...]