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or think they can afford (the payments)....

yea those nice big 400K+ homes? OK, let's take a 400,000 mortgage @ 6% Payments are 2400/month Taking the full 700 million into account, that's 291667 months which means that would pay 10000 people's mortgage for the next 2.5 years. Or 20,000 for 14 months. Maybe we can help out a...

"Structured Notes" A debt obligation that also contains an embedded derivative component with characteristics that adjust the security's risk/return profile. The return performance of a structured note will track that of the underlying debt obligation and the derivative embedded within it...

Don't call it labor of love for nothing!

Homestead or not, the mortgage is written on that home. So that's the collateral. Even people who simply move who may list the other property for sale stop paying on it too...house doesn't sell, home gets foreclosed on because they didn't consider any other plan. Credit may be shot, but...

It's a gambling game. Do you turn down that lower paying job now and ride out the benefits "hoping" you get something closely better, or "take what you can get" for a while and try to live off of it... Or do you get a better skill set or get into something that potentially can pay a lot...

another couple years or so. Forgot about his writings, right now he's pegging last week and this week in the markets to really begin to see where things might be headed.

"contracts" don't mean crap if there's no money to honor them. If anything they were a way to keep these people working, because not many else I bet would have taken some of those jobs during those decades.

GS 12, which is a fairly high level position. (starts at 5, moves up to I think it's 14 or 15) Salaries are based on grade levels.

Fannie, Freddie & FHA basically ARE the mortgage market right now. With that, comes the power to control who gets what and where. We'll cut your old mortgage down...but what will YOU pay in the end. We'll give you a loan...but on our terms now.

they need a bailout

If each homeowner's mortgage is paid in full based on these numbers, these amounts will last, at best, 1-2 years. Throw a few partials, 2-3 years. Of course, other states may need to be bailed out next. Then back to these again. So, live in your home maybe for 2-3 more years, then...

holy crap...MA & CT top 2. I think it's time to move...

leftover Census :D

http://www.calculatedriskblog.com/2010/07/growth-of-problem-banks-unofficial.html With the number of institutions on the unofficial problem bank list now over 800, here is a review of the growth of the unofficial list ... Based on the current trend, there is still a reasonable chance that...

nope. Just don't expect many to be hired, not give any type of benefits, or have the wages raised anytime this decade despite higher taxes and COL standards. Soon 2 jobs won't be enough. You'll need 3/80-90 hours a week plus at minimum wage to barely stay afloat (or above the poverty line).

I don't even know if this thing is worth the lease. 2500 down; 350/month for 36. You're in for about what 16-17Kish when turning it in? Rather just buy the Corolla new, or a year old for that price.

heck bring it back! Might as well...be like nothing has changed :D

http://www.newsmax.com/Rahn/income--tax--economy--recession--debt/2010/07/20/id/365152 Abolish State Income Taxes Tuesday, 20 Jul 2010 11:15 AM By: Richard Rahn Did you know there are nine states that have no state income tax? The non-income-tax states (see accompanying chart) are...

Well done. I would now take that extra 10% (or if less is needed, that and sock the balance away) and utilize it toward your mobile app dream/idea. I would venture to say what you had been getting paid covered expenses and the like just fine from your previous job. Not only do you...