How about some real statistics about what is happening in the "mortgage crisis".

Did you know that the "mortgage problems" are mostly in seven states? Three are Ohio, Michigan and Indiana. These three states had problems three years ago and these problems were due to job losses. Real estate is "local" and jobs have a great deal to do with any local real estate market. Until jobs are increasing, these areas will continue to have problems.

The other states, California, Arizona, Florida, and Nevada were basically overbuilt. They now have excess inventory. the speculators that were purchasing mutiple homes and condos in mass- picking up 5 or 6 properties are the ones who are crashing and cannot make their mortgage payments.

The other 43 states are doing pretty well. In fact, in these states foreclosures have actually fallen from 2006 to 2007.

Did you know that 35% of homeowners in the United States have NO MORTGAGE!

The real numbers are that 94.88% of loans are doing fine. Even 75% of subprime mortgages are performing fine. In reality, only 3% of loans are "in trouble".

To read some of the articles in the news you would think the entire market was crashing when it really isn't.