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Housing Market Stumbles Wall Street Journal, July 21, 2010 The housing market, whose collapse pulled the economy into recession in late 2007, is stalling again. In major markets across the country, home sales are deteriorating, inventories of unsold homes are piling up and builders are scaling back construction...
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Foreclosure.com Parent Seeks Bankruptcy Court Protection January 1, 2010, South Florida Business Journal Even though foreclosure filings and interest in purchasing foreclosed homes is at an all-time high, a Boca Raton-based company that runs several prominent foreclosure search Web sites has fallen into...
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Debtor's Dilemma: Pay the Mortgage or Walk Away December 17, 2009, Wall Street Journal Should I stay or should I go? That is the question more Americans are asking as the housing market continues to drag. In good times, it would have been unthinkable to stop paying the mortgage. But for Derek Figg...
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Demand for U.S. Foreclosure Properties Slips: Survey December 15, 2009, Reuters U.S. home buyers are less willing to buy foreclosed properties than six months ago, citing risks like hidden costs, but demand could grow because of the government's expanded tax credit, a new survey showed on Tuesday...
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Too Gloomy? Whitney Predicts 25% Home Price Plunge Wall Street Journal, September 11, 2009 U.S. home prices–which have already tumbled nearly a third from the 2006 peak–could plunge by another 25% as high unemployment levels continue, according to prominent banking analyst Meredith Whitney...
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BankUnited Fails in Year's Biggest Bust Wall Street Journal Federal regulators seized Florida's BankUnited FSB on Thursday, the biggest bank failure this year, one that the Federal Deposit Insurance Corp. estimates will cost its weakened insurance fund $4.9 billion. BankUnited, which was owned...
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Treasury Plan to Deal With Toxic Assets Banks on Private Cash Wall Street Journal Noting that the U.S. financial system "is still working against economic recovery," the Treasury Department Monday revealed details of its plan to address toxic assets weighing on banks' balance sheets. My...
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Bernanke Outlines Steps to Avoid Future Crises Wall Street Journal U.S. Federal Reserve Chairman Ben Bernanke on Tuesday outlined steps he thinks would help avert future financial crises, saying the time for such a longer-term discussion has come even as policy makers address the worst crisis since the...
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Housing Crisis Upside: Bargains for Everyone ABC News January 12, 2009 Real estate watchers have been saying it for months now: It's a buyer's market and it's only getting better. "It really is almost a national situation where we can find you at least one good deal almost everywhere...
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When the British rock band The Clash penned their only number-one single “Should I Stay Or Should I Go” in 1981 for their album Combat Rock, they never imaged the song would have serious implications for the 2009 U.S. housing market. Today, many struggling homeowners, drowning under the strain...