Monday, May 17, 2010

Episode 18: The Home Mortgage Problem (video version)

Here's the video version of Episode 18, also available on You Tube.

Today's podcast speculates on a topic of vital interest to any homeowner--

- How many of the approximately 90 million homeowners paying mortgages in the U.S. are currently delinquent or in foreclosure?

- What percent of mortgages in the U.S. are underwater?

- What is keeping "strategic defaults" from becoming a serious problem for lenders so far? How might that change as an economic collapse unfolds?

- What might happen if the number of delinquent mortgages swells to 20 million? 30 million? 40 million or more?

- What impact would tens of millions of evictions have in the middle of an economic collapse?
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