All Posts Tagged With: "economic crisis"
Conservative Homeowners Are Not the Main Factor in Foreclosure Problems
While the estimated losses of first mortgages come in around $180 million, it is not the live-in homeowners that are causing the financial crisis in the market. It appears that the biggest losses actually originate from commercial real estate loans and investment property loan. Houses also “built on speculation” are also a part of the [...]
Forget Citigroup – Wachovia Acquired by Wells Fargo
Wachovia Bank customers may not know how close they came to not having a banking institution. Last week, Wachovia Banks was running but with strong concerns that the bank would not be open for this week. Before any deals were being worked out, Wachovia did not have a source of liquidity and under those circumstances, [...]
eleven year* 