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a Magie is a 2 way system.
Now that the USD is making a meteoric rise,
In 2007, more than 1% of all homes were in some stage of foreclosure. In 2006, only 0.58% faced foreclosure. This is an enormous increase in the foreclosure rate, and areas hit hardest by the crisis must seem to be turning into ghost towns. If not, at least the values of many properties have completely disappeared, if the residents have not yet moved out. Even worse than the nationwide number, Florida had more than 2% of households entering some stage of the foreclosure process in 2007, with 165,291 total properties entering foreclosure.
Since late 2006, over 220 mortgage lenders have gone out of business, filed bankruptcy, or significantly reduced their lending policies due to fallout from the subprime mortgage crisis. Every day, new lenders are also shutting down lending divisions or significantly scaling back their exposure to the mortgage mess. A number of the largest banks in the country are doing whatever they can to minimize the risk, while other large banks are simply trying to keep afloat, after experiencing huge losses in the past year.