Holiday Songs for a Foreclosure Crisis: ‘The 12 Months of Default’ and ‘Oh, CRE’

Just in time for your holiday listening pleasure, here are two songs making their way around the blogosphere to celebrate the season and mark another year of falling home prices and an expanding commercial real estate bust.

First, via Mortgage Insider, here’s “The Twelve Months of Default,” which More…

The Foreclosure Machine Sets Another Record

Foreclosures jumped again in April, setting another record and providing more evidence that the housing crisis shows little sign of slowing down. RealtyTrac, which collects foreclosure data, reported a record 342,000 homes received notices of default, auction sales, or bank repossessions in April. That’s a 32 percent increase over More…