| Don't miss a single post; subscribe to my feed! |  |
Last year there were more bank closures than there were in 2009, which was a horrible year. The last time I talked about bank closures, which was around the middle of February, there were 18 closures, and by the end of the month there were 23 for the first two months of the year. Since [...]
Foreclosures are still hot and heavy, although they’ve started to slow down in some areas that have been hard hit. The reason they’ve slowed is because at some point there could only be so many homes left that could be foreclosed upon; it’s certainly not that the economy has improved all that much. The strange [...]
For the first time in 18 months, foreclosures actually slowed down, giving the housing industry a little bit of relief. But only a little bit of relief because it’s definitely only temporary. What caused the reduction? Two main things occurred. One, the federal government and state attorney generals started investigations into “robo-signing” of all those [...]
Foreclosures have changed the housing industry more than anyone can imagine. They’re the fault of banks; my opinion. They’ve also ended up hurting a lot of banks, and that story is told over and over by the number of banks that have closed because of it. But the overall housing industry is reeling. Here’s the [...]
The housing industry has been in an uproar for a few years now, and things are starting to come to a head. First we hear about robo-signing of foreclosures. Next all 50 states and the federal government ask banks to stop foreclosures until this practice can be evaluated; some banks do it, then decide they’re [...]
After all these years, I think anyone who’s visited this blog more than once knows I’m black. It’s not for this reason that I often write about how many of these industries that are crashing are impacting both blacks and other minorities in general. It’s because it’s news. I don’t go searching for this stuff; [...]
Over the last 3 years there have been a lot of foreclosures across the United States. Some states have been decimated by this, and it’s taken the housing industry down as well. I have stated many times in many places that I believe the banks caused this problem; now it seems I may finally be [...]