Countrywide is being taken over by Bank of America. What a huge company, taken down due to sub prime lending. Additionally, the FBI has just launched an investigation into its lending practices, according to CNN. Beyond just the mortgage crisis, there appears to be a global money and credit crisis. The Fed is expected to [...]
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Money supply & real estate
Posted in banking, foreclosures, money, rentals, tagged economy, foreclosures, lending, real estate, underwriting on March 11, 2008 | Leave a Comment »
