Archives
Question by darkangel: Will the adjustable rate mortgage increase the number of US families at risk of foreclosure? I have noticed an increase in the last two months. Best answer: Answer by ruthPotentially, any mortgage runs the same risk. If people made bad loans, they are at risk. This is the nature of banking, incidentally. [...]
Question by TruthSeeker: How will Obama impact the foreclosure rate in the US right now if elected? Best answer: Answer by Edward B.He would not have any effect on the foreclosures. The reason why so many homes are being foreclosed is because irresponsible homeowners signed contracts that they knew that they could never seriously afford [...]
Question by Mezmarelda: Why has the foreclosure rate on US home mortgages gone up 93% in one year? They just had on CNN that the mortgage rate has skyrocketed by 93%. And we know of all the banking crisis, and stock market being sured up by the fed. What caused this situation? Best answer: Answer [...]
Question by alphabetsoup2: Does the remarkable home foreclosure rate indicate a hidden problem in the economy? For the record, I have an MBA from a top 10 bus. school, and, a professional career in financial management. I am no chicken little the sky is falling thinker. This is an issue that is troubling and interesting. [...]
Question by Moose: Would banks be smarter to lower the interest rate on people in the midst of foreclosure? then to let the rising interest rates cause someone to lose their home I am talking about people who took out an adjustable rate, and now it has readjusted and they can’t afford it. Best answer: [...]
Question by mr_cj_jr: How much will the home foreclosure rate increase in Ohio when McCain shows up on Aug 29th? McCain is coming to Ohio to announce his V.P. choice on Aug. 29th. I expect a huge drop in the economy, morale, etc. when he arrives. Thoughts? MAN, you guys CANNOT take a JOKE without [...]
Question by Kool-Aid: Why Did Obama LIE About the Foreclosure Rate? He said that a foreclosure rate hasn’t been like this and is comparable to the Great Depression. The Great Depression had a 50% Foreclosure Rate, compared to about 2% today. Why did he blatantly LIE about this? Best answer: Answer by ARLENE BYes. Give [...]