“American families–12 million of them–are underwater on the mortgages on their homes,” he said. “The total amount of money that’s been lost by families out of their net worth due to home depreciation is probably $5 trillion. To me, (those figures) help explain why consumers aren’t buying cars, why they aren’t buying new clothes, why they aren’t taking big trips, why they aren’t eating out.”
Read more about Wilbur Ross and American Home Mortgage Servicing here:
http://bit.ly/PDL8
Monday, February 9, 2009
Monday, February 2, 2009
How to Get a Successful Loan Modification
Here is an excellent article from Peter Miller of ourbroker.com:
How to Get a Successful Loan Modification
How to Get a Successful Loan Modification
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