As job losses rise, growing numbers of American homeowners with once solid credit are falling behind on their mortgages, amplifying a wave of foreclosures. In the latest phase of the nation’s real estate disaster, the locus of trouble has shifted from subprime loans — those extended to home buyers with troubled credit — to the [...]
Filed under: Auto Industry Bailout, Banking, Banking Crisis, Economic Crisis, Economic Recovery Plan, Economy, Mortgage Crisis, Politics, Tax Payer Rip Offs, Unemployment | Tagged: Bailouts, Banking Crisis, Economy, Mortgage Crisis | 1 Comment »
