Amherst’s Goodman: One in five distressed homeowners at risk of losing home

By PETER S. GOODMAN OCT.. “No one could have told me that in a million years: I'd wake up in a homeless shelter,” she said. “I had a. Growing numbers of Americans who have lost houses to foreclosure are landing in homeless shelters, She turned the house into a home for five homeless people.

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The European debt crisis (often also referred to as the eurozone crisis or the European sovereign debt crisis) is a multi-year debt crisis that has been taking place in the European Union since the end of 2009. Several eurozone member states (greece, Portugal, Ireland, Spain and Cyprus) were unable to repay or refinance their government debt or to bail out over-indebted banks under their.

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Greenspan Accuses U.S. of Dollar Weakening (Thanks to F.J.D. for the link.) Sue C. spotted this: Currency Disputes Hang Over G-20 Summit Amherst’s Goodman: One in five distressed homeowners at risk of losing home. (A hat tip to B.B. for the link.) John R. sent this: The Scariest Crash Is The Muni bond crash items from The Economatrix: Doug Casey On Gold’s New High, The Fed, And The Greater.

Laurie Goodman, senior managing director at Amherst Securities, believes one in five distressed homeowners in the U.S. are facing, or may face, foreclosure. The analyst adds that little may be done to stem the tide of foreclosures without greater government intervention or significant principal reduction.

Laurie Goodman, senior managing director, Amherst Securities believes one in five distressed homeowners in the United States are facing, or may face, foreclosure. The analyst adds that little may be done to stem the tide of foreclosures without greater government intervention or significant principal reduction.

In Defense of “Free Houses”. if the homeowner defaults on at least one payment for a specified amount of time, 3 the bank has a choice:. The risk and costs of losing foreclosures should already be internalized in the price of current mortgages.