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Unlike a large city, which might have massive foreclosure problems in one area, but is sizable enough that other parts of town are immune, these towns are far less resilient.
The massive foreclosure fraud we are seeing now as another "echo" epidemic.
WASHINGTON -- The Obama administration, state attorneys general, and, perhaps, the nation's largest banks are close to a final settlement on the years-long struggle over allegations of massive foreclosure fraud, according to several sources familiar with the talks.
Similar(57)
It's not just the cities already facing massive foreclosures that are poised to further stumble; this year the gloom is spreading to the country's second-home markets.
The massive foreclosures still to come.
We didn't celebrate the massive foreclosures during the crash.
Meanwhile, there are all kinds of other nasty effects from massive foreclosures.
"If we don't do principal write-downs through modifications, we'll end up doing massive principal write-downs through massive foreclosures".
Anyway, Cornyn thinks Angle is awesome because she raised a lot of campaign money, and Reid is the guy who led to massive foreclosures.
In 2007, when we first proposed mandatory mortgage principal reduction as a way to prevent massive foreclosures, government officials took a pass and the financial media expressed doubts.
Unfortunately, what the GOP is going to learn is that massive foreclosures and unaffordable mortgages only make people anxious and angry.
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