Last year I touched on what an Option ARM is (also referred to as Neg-Am [Negative Amortization]) and how millions may lose their homes as a result of them being pushed on those who already cannot afford a home. If you look at the video below, you’ll see how sneaky Option ARM’s can be and [...]

With all the talk about the housing bubble and ways to help fix the situation, it seems that for every solution, two more problems pop up. We saw housing prices fall in the last couple months, but then we hear that the inflation rate in 2007 went up 6.3%, the largest increase in 17 years. [...]

The National Association of Realtors (NAR), can always be counted on to find some way to positively spin the real estate market. However, over the last few months, they’ve been losing more and more positive items to spin. Their last seemed to be the median housing price, which had still been something that could be [...]

I had covered earlier, that Bush had announced plans to help borrowers avoid foreclosure. At the moment it was rhetoric as we didn’t quite understand what would be required of homeowners in order to qualify for the assistance. Well, today those details have come. Big thanks to CreditBloggers for breaking it: It’s been tricky trying [...]

In the past, Bush has said “No” to a bailout, which has been relatively well recieved by those that feared that they would end up getting stuck with the bill for the housing bubble. However, while these are plans and propositions, it’s important to remember that nothing has yet been set in stone. It will [...]