Tag: foreclosures

Big House; No Cattle

By Thomas J. Stanley on May 11th, 2010 in Current Events

A recently published article in The Wall Street Journal  indicated that nearly 15% of “homeowners” with outstanding mortgage balances of $4M or more were at least 90 days overdue in their payments.  That is nearly twice the rate for all home loans.  In America today there is growing number people of the “big house, no cattle” […]