Countrywide Foreclosures Blog

Countrywide Foreclosures Blog Spot. Tracking the economic effects of the housing bubble (crash) as a result of years of loose monetary policy..

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Countrywide-foreclosures.blogspot.com news digest

  • 14 years

    5,959 Homes Offered For Sale on Bank of America (Countrywide) Website

    Total REO Asking Price: $941,083,901
    (As of October 7, 2009)
    Source: http://www.countrywide.com/purchase/f_reo.asp

  • 15 years

    Bush: 'An Extraordinary Period For America's Economy'

    And if you watched the clip... be sure to read Roubini's latest for a better definition of 'extraordinary': Is Purchasing $700 billion of Toxic Assets the Best Way to Recapitalize the Financial System? No! It is Rather a Disgrace and Rip-Off Benefitting...

  • 15 years

    BIS Warns on Global Economy: A Deeper and More Protracted Downturn.

    The BIS, also known as the Central Bank of Central Banks, is one of the most respected economic institutions. Prior to the start of the subprime crisis, I had posted an article where the BIS warned and in essence, predicted this current crisis. Now,...

  • 15 years

    Over One Million Homes In Foreclosure

    A grim first quarter report from the Mortgage Bankers Association's shows the housing crisis is getting worse. Mortgage delinquencies rose in the first quarter to 6.35%.
    From CNN:
    The Mortgage Bankers Association's first quarter report showed that a record 2.5% of all home loans being serviced by its members are now in foreclosure, which works out to about 1.1 million homes. That's up from the 2% of loans, or about 938,000 homes...

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