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 …
Tag: Foreclosure
Deserted Communities in the Desert
Phoenix From the outside many of these communities in and around Phoenix still look normal and nice as you drive by. It is only when you slow down and look more closely at house after house that you notice even in the desert how many are overgrown with tumbleweed coming in, paint starting to chip, …
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 …