Upside Down Mortgage

Archive for May, 2008

Mortgage Default Modeling

In a sweeping change of opinion, more than 1 out of 3 homeowners say that if housing prices continue to slide they'll walk away from their mortgages, according to a new Housing Predictor survey. The poll demonstrates major changes in the way Americans feel about the U.S. banking system and their own financial well being.

Americans have historically felt responsible to fulfill financial commitments made to banks and mortgage lenders. Business models tracking foreclosures have figured that defaults would be limited to less than 6% of all home mortgages. The foreclosure epidemic has grown to become the nation's worst financial disaster coupled with the credit crunch since the Great Depression damaging the entire economy.

Respondents to the survey are demonstrating they are fed-up with the way the economic downturn is affecting their lives. Some 36% surveyed said they would walk away from their homes if housing prices fall for a number of years.

The credit crisis on Wall Street quickly spread to Main Street as more than 4-million homeowners from every corner of the economy had homes foreclosed.

Wall Street traders developed a series of new financial instruments to trade mortgage backed securities to fill a record supply of home mortgages, many of which were to subprime borrowers at first and then to conventional mortgage borrowers.

A year after the crisis began a new national record high number of homeowners had shrunk to a record low.

Growing unemployment and worsening consumer confidence have led to an increasing number of foreclosures, despite efforts by the new Obama Administration in Washington and Congress to slow the epidemic of foreclosures.

Housing Predictor forecasts more than 250 housing markets and surveys visitors on real estate related topics. Check your market forecast, real estate news and get the latest on the foreclosure epidemic at http://www.housingpredictor.com

About the Author:

Mike Colpitts is the Editor of Housing Predictor, which provides housing market forecasts in all 50 U.S. states. Check on your market at http://www.HousingPredictor.com

Article Source: ArticlesBase.com - Survey Shows Homeowners Will Dump Mortgages

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Subprime Credit Card Market

The Affluent Consumer Market in the U.S.

The Affluent Consumer Market in the U.S. was published, affluent consumers in America as well as wealthy individuals around the globe were going about their business of making, borrowing and spending money in blissful ignorance of the perfect financial storm that lay ahead. At the time, it was unimaginable that the housing bubble would deflate and leave behind a wreckage of foreclosures and worthless subprime mortgage securities. It was unthinkable that the stock market would collapse, financial markets would come close to imploding and a storied institution such as Lehman Brothers would simply disappear from the Wall Street landscape. Practically no one could foresee the onset of the most severe recession in more than 70 years. ( http://www.bharatbook.com/Market-Research-Reports/The-Affluent-Consumer-Market-in-the-US.html )

This report provides a timely, in-depth analysis of how affluent consumers are responding to the most profound economic crisis since the Great Depression. The report uses multi-year data from Experian Simmons National Consumer Studies to track affluent consumer attitudes and behavior from the years preceding the onset of the Great Recession into 2009. This trend analysis gives marketers an insightful, up-to-date view of what’s changed and what’s stayed the same in the psyche and behavior of affluent consumers, who account for 22% of the nation’s households but still generate more than half of the household income of the country and remain responsible for more than one-third of all consumer spending.

This report begins with an assessment of the strategic trends shaping the affluent consumer market today, including a data-driven analysis of how affluent consumers are coping—or not—with the Great Recession. The next chapter describes how marketers are adapting to change in the affluent consumer market and highlights key opportunities in what remains the single most attractive market segment in the American consumer economy. Following a chapter that includes an in-depth demographic profile of affluent consumers, the report assesses the size of the affluent market today and projects its growth through 2014.

The second section of the report examines how affluent consumers manage and spend money. It includes a chapter offering insights into changes in the attitudes of financial consumers toward risk and includes an analysis of credit card use and ownership of insurance policies and investments. The next chapter explores affluent consumer spending and shopping patterns. It includes a trend analysis of affluent consumer expenditures from 2005 through 2008 that demonstrates where affluent consumers are cutting back and in some cases adding to their household budgets. It also provides an overview of the behavior of affluent shoppers—in stores, online and from catalogs.

The third section of the report includes separate chapters highlighting key aspects of affluent consumer behavior. These include chapters on health and well-being, affluent consumers and their homes and cars, how affluent consumers spend leisure time and affluent consumers and the media.

To know more and to buy a copy of your report feel free to visit : http://www.bharatbook.com/Market-Research-Reports/The-Affluent-Consumer-Market-in-the-US.html

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Article Source: ArticlesBase.com - The Affluent Consumer Market in the U.S

August 2008 Credit Cards Evil Axis part1

Mortgage Fraud Maryland

Question: Is Nancy Pelosi guilty of mortgage fraud?

I saw a CNN report about mortgagae fraud. They showed a map of the states with the highest rates of this crime, and California, Nancy's state, was one of them. But I didn't think anything of it until I saw that MARYLAND was also listed, and that's where Pelosi is from! I was APALLED. Anyone know about this?

Answer: C'mon! That can't be ALL she is guilty of. Can't wait for that little socialist bag to get nailed to the wall on a host of other crimes she is likely to have committed.

Lewis Claims Innocence At Sentencing