Michael Dougherty Blog

Total U.S. mortgage delinquencies, excluding foreclosures, increased to a record high 9.8 percent, representing a month-over-month increase of 5.5 percent and a year-over-year increase of 21 percent based on data as of Nov. 30, Lender Processing Services Inc. said. Scary, Very Scary!!!  

The Treasury department is now committed to support Fannie Mae and Freddie Mac with as many billions of dollars as is necessary to get them through the next few years. There'll be no limit whatsoever anymore. the Obama administration is writing a blank check, the significance of the move for real...