Readers of my Subscription Newsletter in 2005 Knew This Was Coming.
Foreclosures Hit a Snag for Lenders
I’ll have more to say on this in a later post but this shouldn’t be a surprise to anyone familiar with CDOs.
It is going to be extremely interesting to watch it all get sorted out over the next few years.
Unfortunately for the people in the neighborhoods affected, blight, crime and deeply depressed property values are in your immediate and long term future.
i can’t understand much what you mean .so short article ….more details.
Noob, you have to click the link and read the article on the NY Times.