03/18/07
Filed under:
General,
Mortgages
Posted by:
Lillian Wong @ 1:09 pm
The pitches make it seem so simple: One monthly bill! Cut your payments in half! Slash your interest rates! When you’re drowning in red ink, debt consolidation can seem like an easy answer. Combining debts can be part of a path to solvency, but there are risks involved. More…
Filed under:
General,
Business,
Real Estate
Posted by:
Lillian Wong @ 1:04 pm
The national chatter over the flailing home lending industry and its effect on the U.S. economy became more heated this week than an Anna Nicole Smith memorial service. With the jump in foreclosures, predictions quickly gravitated to a “mortgage apocalypse” scenario where more than a million Americans fall behind on payments and lose their homes. Whispers of an ensuing recession in the United States rattled world equity markets. More…