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As the mortgage crisis cuts deep, real estate firms say over a million Americans may lose their homes to foreclosure this year. In August alone, some 300 thousand were served with foreclosure warnings, as unemployment figures stubbornly hover near 10 percent. Anastasiya Churkina reports on how a camp outside New York has become a place some people now reluctantly call home.
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Archive for category Economic Crisis
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FBN's Connell McShane on the latest bank failures this year.
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FBN's Charlie Gasparino on a potential moratorium on foreclosures impact on financials.
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July 23 (Bloomberg) — Komal Sri-Kumar, chief global strategist at TCW Group Inc., discusses the European Union bank stress test's and the US budget deficit. Sri Kumar talks with Matt Miller on Bloomberg Television's "Street Smart." (Source: Bloomberg)
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Bill Bartmann, CEO of Bartmann Enterprises discusses the FDIC's meeting regarding the cost of bank failures on FOXBusiness.com LIVE on June 22, 2010.
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| Time: 05:54 |
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Foreclosures 2010 Bank of America’s Horrible Secrets. Get ready for double dip in Real Estate Prices
May 22
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Foreclosures 2010 Bank of America's Horrible Secrets. Get ready for double dip in Real Estate Prices
Blog.TelecomSlayer.com | Bank of America's (and many other banks) dirty BIG secrets and LIES are about to cause a MASSIVE slide in home prices down again. John is giving you numbers in this video… right from BoA Vice Pres Ken Gaitan. Foreclosures are about to go through the roof by years end. Current foreclosures at BoA 7500 weekly… by Dec 2010 projected 45000 weekly The damage on housing and the economy will be devastating. Learn just how bad "shadow inventory" is right now.
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