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...
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...
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...
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...
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...
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...