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Everyone must have been bad this year, because we didn’t get much of a Santa Claus rally. The Dow, S&P 500, NASDAQ and Russell 2000 were all off significantly from their October highs. These indexes were up for the year, but the results were mixed. The S&P was up significantly, while the Dow and S&P were up reasonably [...] Are you Struggling to Pay your Mortgage ? It is estimated by the Center for Responsible Lending, that 2.2 million homes with subprime loans may be lost to foreclosure in the next few years. That’s 1 in 5 subprime mortgages that are projected to end in foreclosure. And, if the economy falters, it could get worse. If you are one of those in trouble [...] Bankruptcy Reform Backfires on Banks According to a Bloomberg article on November 8, 2007, the bankruptcy reform lobbied for in 2005 by a group of banks, may be contributing significantly to the rapid increase in foreclosures. Bloomberg’s contention is that since it’s now much harder to discharge credit card debt, strapped consumers are instead walking away from their [...] |
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