just hanging around asked:


i have a friend near foreclosure. i have been hearing that the government is going to help out. thank you for your help

Joe asked:


Have most sub-prime mortgages been “adjustable”?

Are foreclosures up so high because people lost their jobs?

Or are foreclosures so high because the loans adjusted to such a high rate of interest that people are unable to make the payments? If so, about how many percentage points did the “reset” go up compared to the initial terms?

Were the size of the “resets” much higher than would have been expected? Or were the resets no surprise?

gabasnon asked:


I have not heard a lot of talks about it coming from our politicians since after the election.

pdooma asked:


People who were flipping houses and whatnot…not Joe Homeowner actually living in the house. What change would that have on the housing market numbers if you took out the speculators?