Nearly 25% of all mortgages are underwater

More bad news on the housing bust front: Nearly 25% of all mortgage borrowers were underwater, meaning they owe more on their loans than their homes are worth.
First American CoreLogic, the research firm that monitors housing equity, reported Tuesday that 11.3 million homeowners — or 24% of all homes with mortgages — were underwater as [...]

Greece Debt Crisis 2010

Greeces debt crisis there is great worry if the country will be able to refund its debt. HK Dollar Down Late Greece Debt Crisis Remains A Concern Wall Street Journal HONG KONG Dow JonesThe Hong Kong dollar fell against the US dollar late Thursday as risk appetite remains weak ahead of the meeting of European [...]