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Americans are in Trouble With The Subprime Mortgage Crisis

The Subprime mortgage crisis and its foreclosure cousin has affected 60% of the American population as lenders expanded their market base to borrowers with good to perfect credit. These borrowers are affluent (earning well over $70,000 per year) and well-educated. They secured creative mortgages, not realizing their rates would increase astronomically.

According to the Mortgage Bankers Association as quoted on marketwatch.com today, "The rate of mortgages entering foreclosure was at it highest level in the history of the MBA's quarterly national delinquency survey and the percent of loans somewhere in the foreclosure process also hit its highest level. The delinquency rate of loans past due but not in foreclosure was at its highest since 1985."

Borrowers are losing their dream homes and their sanity. They are stressed, attempting to cover mortgage payments that are increasing wildly; they are trapped into a negative situation with no hope to get out. Unfortunately, these borrowers are suffering in silence, too embarrassed to verbalize their plight.

Help them solve this plight

Provide an environment to discuss this plight and the solution. Breakin' Out of Your Financial Funk! examines financial funk, the emotions of financial funk and how to get out.

Interview author Ida Byrd-Hill

Give Americans hope. Give them tips to breakin' out of their financial funk! Provide an environment for this dialogue. Discuss the real truth to this national foreclosure crisis- Greed of financial institutions.

Contact
Ida Byrd-Hill
BreakinOut@upliftinc.org