New Orleans Reports from Bloomberg News and the Los Angeles Times are raising the specter of Bank of America filing for bankruptcy for its Countrywide mortgage unit detonating the “nuclear” option to save the parent company and run from the toxic mortgage load bought in 2008. I wonder if this doesn’t finally give another explanation …
Category: Foreclosure
Housing Help or More Bank Bailout?
Lafayette More headlines, and more hopelessness seems to emerge around housing policy in the United States as both homeowners and others desperate about the economy desperately read between the lines looking for an answer and only finding more cluelessness, even as some nuggets of the Obama Administration’s failed policies continue to slip out. This time …
Associations Closing on Seniors with Outstanding Condo Fees
New Orleans There was a startling AP story by Michelle Conlin and Tamara Lush that thudded on my porch a couple of days ago that opened my eyes to another dimension of the foreclosure fiasco that continues to seep the country: the finances of homeowners’ associations. I can remember taking a look at these …