Foreclosure Nation

Introduction We all know all too well that there are troubles in housing. Folks cant afford to pay their mortgages and homes are going into foreclosure. But what about commercial real estate, the shopping centers, office buildings and warehouses local industry and the economy rely on? You see ...

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For the most part, these new numbers do not reflect new cases – they are the old cases that have been rotting away in the system due to robosigner gate related delays. Housing recovery is going to require two simple things: Stopping the losses and absorbing the inventory. Washington has waste...

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Why are people still interested in what Jamie Dimon has to say? As CEO of JPMorgan Chase, Mr. Dimon presides over a serial corporate criminal whose long list of confessed crimes got longer only last week. As an investment and economics "expert" he failed to anticipate the worst financial crisis in m...

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The concept of "right to rent" has been floating around Washington for almost four years. Under this proposal, foreclosed homeowners would be allowed to remain in their house as renters paying the market rent, for a substantial period of time (e.g. five years) following a foreclosure. While several ...

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WASHINGTON - The World Bank's political risk guarantee agency said on Monday it would mobilize about $1 billion for insurance coverage for countries in the Middle East and North Africa to encourage foreign direct investment. The Multilateral Investment Guarantee Agency, or MIGA, said its underwrite...

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NEW YORK - New regulations announced over the weekend will likely benefit PNC Financial Services Group Inc, US Bancorp and smaller U.S. banks at the expense of bigger competitors including Bank of America Corp and JPMorgan Chase & Co. International regulators said they will require the biggest bank...

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LONDON/FRANKFURT - Europe's banks may need to raise over 50 billion euros ($71.6 Billion) after regulators slapped an extra capital surcharge on big lenders to make them safer and forbid the use of debt to pad out the extra cushion. Bank shares hit a low for the year as lenders in France and German...

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They're back. In the past few months, it appears, shadow banks, financial firms that make loans but aren't actual banks, seem to be making a come back. In case you have forgotten about these things already, shadow banks are financial firms, like hedge funds or money market funds or even insurance ...

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In October 2007, CNBC's Diana Olick called me about Countrywide's so-called plan to modify mortgage loans scheduled to reset to higher rates. Subprime borrowers with a strong payment history would be able to refinance and possibly get prime FHA loans. Current paying borrowers with credit issues woul...

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VIENNA - Billionaire investor George Soros thinks a country will eventually exit the euro zone and urged policymakers on Sunday to come up with a "plan B" that could rescue the European Union from looming economic collapse. Soros, famous for making $1 billion by betting against the British pound in...

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