Archive for May 13th, 2010

Friends In High Places

Just when you thought that Wall Street only cared about themselves, along they come to bailout a down and out small Chicago bank. The WSJ reports that there’s considerable firepower behind the effort to save Shore Bank: Goldman Sachs Group Inc. has jumped into an effort to save a Chicago bank whose efforts to expand [...]

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Turning The Corner On Foreclosures

RealtyTrac is out with its April report on foreclosures and it might actually contain a grain or two of good news for the housing market. First, here’s the relevant information: During the month a total of 103,762 properties received┬ádefault notices (NOD, LIS), a decrease of 12 percent from the previous month and a decrease of [...]

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