Ar_home_b_search
 

Sorry — the user "courtneywester" no longer exists. Please use the search bar below to find a similar blog.

Congress' plan to assist homeowners in trouble was likely to be utilized by about 400,000 borrowers.  When plans started rolling out earlier this year, 2.6 million loans were in distress.  Currently, more than 3 million are at significant risk, and it's expected that about 3 million more will face late payments just in the next year.

Wow.  I thought we had weathered the brunt of the storm on this issue.  This is really just the beginning.  It appears to me now that our economic downturn will linger on longer than initially thought.  Even with home prices stabilizing or rising, all these defaulted loans will just be a drag on the economy.

http://www.nytimes.com/2008/06/29/washington/29housing.html?scp=1&sq=when+congress+fashioning&st=nyt

 
Posted by Courtney Potter on 06/30/2008 05:29 PM   Comments (4)  
Generate short URL

That new Costco milk jug
Courtney Potter (A+ Mortgage, Inc.)
Have you noticed the new milk jug design at stores like Costco? The container is more boxy, but in reality, is a far better design. This is a great example of how companies take a risk and make a change for better efficiency and sustainability. The…
Another sign of a down economy: fuel thieves
Courtney Potter (A+ Mortgage, Inc.)
Here is a problem issue that arises from soaring fuel costs, or perhaps just another sign of a down economy: fuel thieves. I keep hearing about thieves robbing pieces of civil infrastructure and projects to cash in on the value of metal, for example…
Local strawberries are finally ready!
Courtney Potter (A+ Mortgage, Inc.)
Well, better late than never, eh? With the winter/cooler-than-normal (so it seems) spring weather lingering up until, oh, last week, local strawberries are finally ready! One local farmer stated a couple weeks ago that this has been the coldest June…
The little Ballard house that could
Courtney Potter (A+ Mortgage, Inc.)
Edith Macefield stood up for how she wanted to live and didn't succumb to the pressures of the developer dollar. As Seattle's Ballard neighborhood grew up with condominiums, trendy stores, and health clubs, her modest cottage on NW 46th St., which..
Incentives to quit smoking in Scotland
Courtney Potter (A+ Mortgage, Inc.)
Seattle Times Sunday, June 22, 2008 Smokers offered vouchers to quit LONDON -- Authorities in a Scottish city are offering smokers food vouchers if they quit. Health officials in Dundee say ex-smokers will be given the equivalent of $25 a week…
We still find the $ for booze
Courtney Potter (A+ Mortgage, Inc.)
In the June 22, 2008 Seattle Times' Business section, I found an amusing Associated Press blurb talking about the state of the economy. "Americans continue to imbibe despite the weak economy. US spirits sales grew 5. 7 percent in May, according to…
Swedish pancakes breakfast Saturday, June 21, 2008 Bellingham
Courtney Potter (A+ Mortgage, Inc.)
It's about time again for the monthly all-you-can-eat Swedish pancake breakfast at the Sons of Norway Hall in Bellingham. It takes place this coming Saturday, June 21, from 8-11 am. For $6, you get an initial plate of ham, eggs, 2 pancakes with…
Relics of Seattle's Belltown
Courtney Potter (A+ Mortgage, Inc.)
Belltown is now a full-out trendy, hip, new, uppercrust, and expensive section of Seattle. I came across a Seattle Post-Intelligencer article recently (May 30, 2008) about a venerable club in the neighborhood -- the Catholic Seamen's Club,…
ahhh...2006
Courtney Potter (A+ Mortgage, Inc.)
Ilyce Glink, national columnist, published some very good advice in May 2006 that more borrowers should have paid attention to: "And while exotic mortgages -- such as interest-only loans and pay-option ARMs, also known as negative-equity loans…
 

Courtney Potter

Bellingham, WA

More about me…

A+ Mortgage, Inc.

Address: 1616 Cornwall Ave., #119, Bellingham, WA, 98225

Office Phone: (360) 671-1063

Cell Phone: (360) 303-5476

Email Me



Links

Archives

RSS 2.0 Feed for this blog