National Bubble

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The financial system collapse continues. AP via Yahoo Finance reports that:Regulators on Friday shut California National Bank of Los Angeles and eight smaller related banks as the weak economy continues to produce a stream of loan defaults.The banks...
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This Diana Olick blog post might help you answer that question:Now that Making Home Affordable programs are operational, we do project an increase in foreclosures as we exhaust every available option to qualify customers for modifications and other...
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If you think the housing market is recovering, you are probably wrong. According to the NY Times:First American CoreLogic anticipates 600,000 option ARMS to reset within four years.Option ARMs, which lenders stopped offering last year, gave borrowers...
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