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Entries from February 2008

Banking on Denial: Can Banks Turn This Foreclosure Crisis Around?

February 4th, 2008 · No Comments · Daily Musings, Financing, Foreclosure, Foreclosure Market, Foreclosure News, Mortgage, Workout Specialists

The Banking industry, specifically the mortgage lenders, are on the verge of a massive wave of foreclosures dwarfing anything like it in the past 75 years. 
But, banks seem to be blind to the fact that they cannot deal with this as they have in the past.
The numbers are so big that most lenders probably hope […]

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