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Foreclosure Crisis Slams Into Banks

Wall Street Journal Original article ›

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Attorneys in al 50 states are investigating foreclosures. This will increase the uncertainty for banks in addition to other short term losses.

A new U.S. housing foreclosure crisis looming for 2010-2011.

10/01/2009

By conservative estimates according to NYT, 2.4 million homes will be lost to foreclosure in 2010. The faulty documentation poses a serious problem for banks, as they may be forced to buyback the mortgage securities sold improperly.

Grouped Articles

Mortgage Program Pans Out

Wall Street Journal 12/31/2013

Mortgage Damage Spreads

Wall Street Journal 10/16/2010

Fannie’s and Freddie’s Foreclosure Oversight Questioned

New York Times 10/19/2010

Economist.com

Economist 10/01/2009

Economist.com

Economist 10/01/2009

U.S. Mortgage Delinquencies Reach a Record High

New York Times 11/20/2009


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