Kenneth Feinberg, who is taking over the BP claims process on Aug. 23, told Gulf Coast residents today that he is meeting in Washington, D.C., tomorrow to negotiate a special compensation package for real estate agents and brokers, even though he does not believe they have a legitimate claim for More…
One of the many unanswered questions about the current financial crisis is why there haven’t been more criminal investigations into what happened, including the highly suspect actions of the rating agencies, the banks, and mortgage brokers. At Salon, economist Simon Johnson and author and former investment banker More…
As we’ve noted previously, neglected and abandoned bank-owned foreclosed homes have caused problems with neighborhood blight and falling property values, in some areas. The Washington Post today reports on another difficulty with these Real Estate Owned (REO) properties. Sometimes banks are so overwhelmed by the number of REOs More…
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