There was an interesting article in the New York Times detailing the plight of Eileen Ulery, a homeowner in Mesa, Arizona caught up in the delinquency/foreclosure crisis. She basically owes $143,000 on a house worth only $122,000, a loan to value of about 117%. She lost her job at Arizona State University with an income [...]
More on this topic
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Complexity is the handmaiden of deception
(naked capitalism, 3/5/10)
The Problem That Hasn't Gone Away
(Financial Armageddon, 3/6/10)
Bank Securitization Woes Only Beginning
(naked capitalism, 2/8/10)
