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December 17, 2008
The Illusion Of Prosperity Ends
Every day brings more examples of the failed strategy of fostering economic growth through the use of easy credit. Modern economies need credit to grow and prosper. Applying credit growth on an exponential basis ultimately fails when borrowers become so leveraged that any hope of repaying their debts becomes impossible.
The Illusion of Prosperity is NOT over until I say it is over. Muhahaha!
MBA Survey: Share of Mortgage Loans in Forbearance Decreases to 0.47% in
December
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From the MBA: Share of Mortgage Loans in Forbearance Decreases Slightly to
0.47% in December
The Mortgage Bankers Association’s (MBA) monthly Loan Monitori...
6 hours ago
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