Oh, People Need an Incentive to Keep Paying Their Mortgages
Wednesday, October 22nd, 2008From the front page ($) of today’s Wall Street Journal: LOS BANOS, Calif. — In this California city, one of the hardest hit in the national housing crash, there’s good news: Homes are starting to sell again. Investors and first-time home buyers are snapping up foreclosed houses here, with the number of local sales up [...]
This Guy Sounds Exactly Like Me!
Monday, October 6th, 2008The Letters to the Editor section in today’s Wall Street Journal contained the following response to Thomas Frank’s piece of drivel (free) from last Wednesday: Ultimately, the responsibility is to the borrower, not everyone else. I was amazed in 2006 when my mortgage broker informed me of the amount of money I qualified for when [...]