Archive for November 6th, 2009

Foreclosures + Strapped Consumers = Double Counting?

Friday, November 6th, 2009
Foreclosures + Strapped Consumers = Double Counting?

We know the dismal foreclosure picture: empty houses, bank losses, and displaced households, struggling to make ends meet. But, wait. Back up to those bank losses. They are the result of mortgage balances not being fully paid by the foreclosed house sales. But that only looks at the bank’s balance sheet. What about the... »

Posted in Housing & Homebuilding, Investment Insights | No Comments »

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