The Coming Mortgage Tsunami
By PoliPundit ~ July 23rd, 2009 @ 7:56 pm
We’re in for much more economic pain than almost anyone realizes, due to a ballooning mortgage problem in the Housing Bubble states – mainly California, Florida, Arizona, and Nevada.
Read this. And then decide if those are “green shoots” or brown crap.
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July 24th, 2009 at 7:24 am
“The numbers are a bit breathtaking: In a little more than four months, the Dow Jones industrial average has leapt more than 2,500 points — nearly 39 percent — to close above 9,000 for the first time since January.”
July 24th, 2009 at 10:01 am
Here’s how to tell if your bank is in financial trouble:
http://www.forbes.com/2008/10/10/fdic-call-report-ent-fin-cx_mf_1010bankfail.html
July 24th, 2009 at 10:22 am
Number 1——The numbers are a bit breath-taking. Making me think a big correction is due soon.
July 25th, 2009 at 1:45 pm
Hi I’m new on your blog. Great style! Super short posts and major value. I’ve put it under my favorites!
Keep on the good work. Regards from the UK
July 25th, 2009 at 6:35 pm
Welcome Jimmy to the forum. I’ve left and came back so one can’t tell how things will turn out.
July 27th, 2009 at 8:05 am
“We’re in for much more economic pain than almost anyone realizes”
-POLIPUNDIT
Perhaps you can communicate that information to Jokeleaf who only uses emotion and black skin-color to reach his ridiculous conclusions about the economy.
Poli – why do you keep someone around who DESTROYED your blog and ran-off all the good contributors???
Do you enjoy having a blog where 80%-90% of the comments come from the village idiot acroso?? Your silence on this ongoing issue is deafening.
Meanwhile, your blog sinks further into oblivion and irrelevance.
Nice job.
July 27th, 2009 at 1:01 pm
Wasilla got its idiot back today.
July 28th, 2009 at 1:08 pm
Conservatives are sooooooo grumpy these days!
July 29th, 2009 at 10:01 am
You are ignoring the news that the housing sector has begun to stabilize. It is clear that the market has hit bottom, and will only begin to improve in the coming months. As much as your doom and gloom can be appreciated as a worst case scenario attitude, I disagree with you on your facts. The Obama administration has done much to extend help to people in over their heads on mortgages, and refinancing has been blowing up since the start of the year. If anything, I see those as positive signs, not negative ones.
July 30th, 2009 at 3:18 pm
This issue is very important.
July 30th, 2009 at 3:25 pm
The mortgage problem is a problem in NJ also.
August 21st, 2009 at 12:18 am
Looks like the US and the rest of the world has now been hit by the Tsunami
August 24th, 2009 at 3:31 pm
Hi, im from the UK so it’s really interesting to get a bit of inside knowledge on how your mortgages over there differ. Are the full range of American Lenders in on these types of products or were they offered more by niche lenders? (not sure if you even have niche lenders over there?!)
August 30th, 2009 at 9:54 am
That tsunami is already here..
September 1st, 2009 at 10:45 am
Its something we should all be preparing for, its not just extreme weather that can wreak havoc, financial storms can be equally destructive. Its going to be a harsh lesson but hopefully we will all survive to learn from it.