Posts Tagged ‘ toxic mortgages ’

Predicted ‘Wave’ of Microbiz Foreclosures Not Showing Yet

Jun 1st, 2009 | By Dawn R. Rivers | Category: Economy

Late last year, the MicroEnterprise Journal reported on new research that seemed to indicate a looming housing crisis that could render hundreds of thousands of microbusiness owners homeless and their businesses dust and ashes in the near future. (See “Second Wave of Foreclosures Threatens Micros” in the December 1, 2008 issue of the Microbusiness News [...]

Tags: , , , ,
Posted in Economy | Comments Off


Second Wave of Foreclosures Threatens Micros

Dec 1st, 2008 | By Dawn R. Rivers | Category: Politics & Policy

New research released by the National Association for the Self-Employed last week found that approximately 3.8 million microbusiness owners hold an estimated 93% of so-called “toxic mortgages” that put them in immediate danger of foreclosure and homeless in the near future. Not only that, but mortgage brokers evidently deliberately targeted prime or near-prime microbusiness borrowers [...]

Tags: , , , ,
Posted in Politics & Policy | Comments Off