So Much for Voluntary Foreclosure Bans?

At The Big Picture, Barry Ritholtz spares few words regarding his view of voluntary foreclosure freezes. Ritholtz says he never thought much of the idea in the first place, and he dismisses other “gimmicks” by banks to temporarily avoid foreclosures. Now that foreclosures are on the increase, he says, More…

With Foreclosure Freezes Over, Banks Step In

This should come as no surprise, though it’s certainly a sign that more hard times are ahead: Banks are moving forward with foreclosures now that voluntary freezes by lenders are over, The Wall Street Journal reports today.

As TWI reported recently, a ban on foreclosures by mortgage giants More…