Commodity Trade Mantra

Posts Tagged ‘Homeowners’

The Coming Curse of the “Zombie Foreclosures”

“Zombie Foreclosures” are homes where banks began foreclosure proceedings after homeowners were notified umpteen times that they were being foreclosed on. Hundreds of thousands of those homeowners walked away from their homes, leaving them for the banks to reclaim.

An Update On The Much "Hoped For" Housing Recovery

The rising risk to the housing recovery story lies in the Fed’s ability to continue to keep interest rates suppressed. With each tick higher in mortgage rates, so goes the monthly mortgage payment. Also the housing recovery is ultimately a story of the “real” employment situation.

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