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Not that we didn’t know this, and not that I’m necessarily repeating myself, but home owners are still facing big problems in this country, as well as the entire real estate industry. A report came out this week saying that only around 5% of home owners have been able to get new mortgages to adjust [...]

I was reading an article on Newsweek’s online site titled Bank On More Failures. The writer was interviewing Lawrence J. White, a professor at New York University’s Stern School of Business on the subject. White basically believes that hundreds of small banks are going to fail, not necessarily because of the real estate problems with [...]