Settlement Reached in Foreclosure Crisis.... [NotSoBreaking] - MarketTicker Forums


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User Info	Settlement Reached in Foreclosure Crisis.... in forum [NotSoBreaking]
Traderjack Posts: 401 Incept: 2009-08-16 Midwest	http://www.bloomberg.com/news/2012-02-09.... The $25 billion settlement with banks over foreclosure abuses may trigger a wave of home seizures, inflicting short-term pain on delinquent U.S. borrowers while making a long-term housing recovery more likely. So, we increased the change of a realistic housing recovery from 1 to 2%, whoopity **in' do! All these folks been livin' in their McMansions for the last couple of years without paying their mortgages are about to get their asses booted the curb. At least, that's what it sounds like. ---------- "The Baby Boomers are aptly name, their a ***ned bomb that can't be diffused!" 2012-02-09 21:15:21 Permalink*