Like a lava flow advancing on a home in Hawaii, the mortgage meltdown that erupted in August has advanced and slowed, only to advance again, each time a little farther. Fortunately, the Hawaiian home is insured. Fortunately for whom?
The mortgage meltdown is reflected in the stock behavior of the world’s largest insurers. AIG, according to Forbes [...]
Tag Archives: tucson mortgage
Crystal Ball? How About AIG?
Politics is Messing With My Livelihood
Last Wednesday the Dems rolled out their plan to address rising foreclosures. Let Fannie and Freddie increase the caps on their loan portfolios, and let’s set aside $200 million to pay “housing counselors” to help “troubled borrowers” negotiate with their lenders. Oh, and we ought to have a new mortgage “czar” to oversee the [...]
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