Crisis
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More Americans Putting Down Roots
A survey finds that most Americans have moved to a new community at least once in their lives.
In 2008, only 12% of the American population changed addresses, down from 13% between 2006 and 2007. The reasons for this trend may be the slowing economy, the downward spiral of the housing market, and the increase of two-income families.
“60 Minutes” reports mortgage crisis is far from over
CBS News reporter Scott Pelley’s report focuses on a second wave of of defaults in the coming months spurred on by investments with such exotic names as “Alt-A” and “option ARM.”
The first wave of bad news came from sub-prime lending which went to the least credit worthy borrowers and then those mortgages were bundled and [...]
