Archive | July 14, 2009

Bo McCarver’s weekly housing news compilation – 7/14/2009

Slowly the nation realizes that banks are not in the business of financing mortgages but rather the business of making money – a lot of money. And refinancing risky mortgages and even new, solid ones does not generate enough cash to spark their interest. One alternative, a nationalized banking system, looms closer as government returns [...]

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