Devoted to the Insurance industry and all thing related

I work for CurrentForeclosures.com, a foreclosures site and have seen a huge increase in the number of foreclosures in the past 9 months. I believe it is a combination of not only sub-prime and ARM mortgages, but also the high number of people who have gotten loans with interest rates at an all time low... in addition to the rapid depreciation in some areas and the difficulty some are experiencing in selling their homes.

I bet if you back to the savings and loan debacle you would find most insurance companies not heavily stacked there either. They are by nature conservative in their investing, which is good for the consumer they serve. Insurance must be there when it is needed and that requires alot of patience in how/where money is spent.

I work for CurrentForeclosures.com, a foreclosures site and have seen a huge increase in the number of foreclosures in the past 9 months. I believe it is a combination of not only sub-prime and ARM mortgages, but also the high number of people who have gotten loans with interest rates at an all time low... in addition to the rapid depreciation in some areas and the difficulty some are experiencing in selling their homes.

Insurance companies were wise not to get involved with lenders, many of whom have been guilty of slipshod business practices (if not outright fraud) in the whole sub-prime mess. If anything, it leads me to view the big insurance juggernauts as even more focused exclusively on the bottom line... which, of course, they are.
Jerry
www.leads4insurance.com