When it comes to mortgage news, the media have been pretty sheeplike, mindlessly bestowing blame on the scapegoat-of-the-week, spewing anecdotes so they don’t have to do any actual journalism or perform legitimate research (yes, with data and everything. Sheesh). I resent this largely unbalanced view because it seems the result of laziness or the desire to [...]
Tag Archives: mortgage foreclosure
Glamour-ous Mortgages
Mortgage journalism has gone mainstream. Which means disinformation is being even more widely disseminated than before. A new article in Glamour Magazine warns that even smart women can get into trouble with mortgages and extols the safety and simplicity of renting — we souldn’t worry our pretty little heads about home loans, apparently. Even those [...]
If Knowledge Is Power, We're Screwed
I have been scouring the web for mortgage statistics and am coming up pretty empty. While anecdotal evidence of the causes of the mortgage debacle abound, hard facts are hard to find. For example, I tried to find data that would show that stated income borrowers were more likely to default than others. [...]
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