News Sources wrote an interesting post today onHere’s a quick excerpt Mortgage defaults lowest Since Oct. 2008U-T San DiegoIn Tuesday’s State of the Union address, the president said he will send Congress “a plan that gives every responsible homeowner the chance to save about $3000 a year on their mortgage, by refinancing at historically [...]

webmaster@technorati.com wrote an interesting post today onHere’s a quick excerpt Orlando Sentinel 17% of Defaults Called DeliberateNASDAQSo-called “strategic defaulters” are homeowners who make a conscious decision to stop making their mortgage payments because they owe more than their home is worth – a situation commonly called being “underwater” on the mortgage. In nearly all [...]

Capital One May credit card defaults continue down Capital One Financial Corp. posted more positive data Wednesday on credit card holder payments, reporting that the rate it wrote off the debt it could not collect dropped again in May. Read more on AP via Yahoo! Finance

webmaster@technorati.com wrote an interesting post today onHere’s a quick excerpt Wall Street Journal Defaults Fail to Scare Suitors for 2 East Side ComplexesNew York TimesBut the bondholders who have a $3 billion first mortgage on the property may oppose Winthrop and Pershing’s attempt to take control based on their …Peter Cooper Village, foreground, and [...]