underwater mortgages

2nd Home Mortgage Deduction – Which States Will Feel the Most Pain

For the majority of Americans who don’t own second homes, why should they care if the second home mortgage deduction is eliminated? With more than 11 million residential mortgages underwater,…

Consumers Not Ready For Another Credit Binge

Last week, two key reports on the state of the financial and consumer sectors were released. By all accounts, the consumer deleveraging cycle remains intact, despite an apparent willingness on…