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As if we all didn’t see this coming. Discount brokers are hitting hard times in the market and Foxtons out of New Jersey has stated that it might be headed for bankruptcy. Foxton’s announced that they will be laying off approximately ALL of their staff. I wonder if I can buy one of those cool […]
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Filed under: Mortgage Industry
As if we didn’t know already, Henry Paulison stated today that the mortgage problem is not a reflection on the real economy but a problem caused by bad lending practices. I guess he is trying to shift the heat of this foreclosure news onto the lenders and as far away from him as possible.
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Filed under: Mortgage News
What is wrong with this country? Now the government has decided to enable Fannie Mae and Freddie Mac to bail out homeowners. Uncle Sam is not responsible for buyers who over extended themselves. The market needs to let this play out and unfortunately people need to get hurt for this correction to work. The proposed […]
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Filed under: Delinquency News
