From HuffPo

In their zeal to complete foreclosure proceedings, some banks send representatives to change the locks on properties in foreclosure, even as they remain occupied. The incidents of lock-changing pile further skepticism on a process recently plagued by scandal.

A contractor for JPMorgan Chase changed the front door lock on a woman's ( Read more... )

The financial juggling that helped cause the 2008 crisis may be coming back to haunt banks-and help homeowners.

by Ellen Brown
posted Aug 18, 2010


( Read more... )

From Asian Energy Blog

Most Americans still appear to be operating under the delusion that the "recession" will soon pass and that things will get back to "normal" very soon. Unfortunately, that is not anywhere close to the truth. What we are now witnessing are the early stages of the complete and total breakdown of the U.S. economic ( Read more... )

From The NYTMay 31, 2010 ( Read more... )

Calculated Risk blog keeps pulling back the rug a little on the real real estate situation in this country, and it ain't pretty.

If you are one of the many Americans expecting a sustainable housing recovery of sorts to start this year, think again. This is a very big part of the reason why some of us in this community call this a Depression, and ( Read more... )

Rising Foreclosures Could Doom Recovery

( Read more... )

This is the heavy heavy mortgage sound. The nuttiest sound around.

“It was a recipe for disaster that everyone should have seen coming...

CNBC - Excerpts From: 
Fed May Alter Strategy As Long-Term Rates Surge
The Federal Reserve is studying significant moves in the U.S. government bond market last week that could have big implications for the central ( Read more... )

( Read more... )

Eschaton brings us the new wave. Looks like we are right now in the very lowest point of the trough, with a wave of potential foreclosures looming right before us.

I mean, freakin' hell, people, an over 80% increase in mortgage payments by mid '11?

In prior recessions, garden-variety recessions that is, the headline unemployment rate was generally regarded as a lagging indicator, going higher after the damage to the economy had already been done, and like a rear-view mirror, telling us where we had been. But this recession hasn't been like other post-war recessions, and some say, this time, ( Read more... )