A survey early last year by three economists estimated that the proportion of strategic walkaways rose from 26 percent of all defaults in March 2009 to 35 percent in September 2010. With 15.3 million homeowners (or 31 percent of all homeowners) now paying on houses that are underwater, hundreds of thousands more people may have plans to abandon mortgages that they could continue to pay.
full articleThe global energy community is abuzz with excitement about hydraulic fracturing, or...
The U.S. is quickly approaching a“fiscal cliff,” a combination of scheduled tax...
For every direct hydrocarbon job created, another six jobs are created in the economy from...
Bankrupt San Bernardino’s new, skeletal government.