Homebuilders Lose Confidence and Economic Recovery Slows

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The National Association of Home Builders stated that their reader base of builders sank to a new low of 14 since March of 2009. Anything below 50 signifies a negative sentiment about the housing market. The number of foreclosed and short sale homes are a driving factor in this … [Read more...]

Countrywide Sued for Discrimination Against Latinos and African Americans

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Good job Countrywide as if you didn't contribute enough to the mortgage crisis now you add fuel to the fire. Lisa Madigan the Illinois Attorney General is suing Countrywide for discrimination against African Americans and Latinos. Madigan claims that Countrywide (who is now owned … [Read more...]