Posts Tagged ‘ Recession ’

Stocks end winning streak on record 100,000 Bank Home Repos

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Stocks end winning streak on record 100,000 Bank Home Repos

Car Czar Consulting says: from CNBC: The nation’s banks repossessed a record number of homes in August, according to industry sources. RealtyTrac, an online foreclosure sale site, will release its monthly numbers on Thursday, but sources there confirm the number of repossessions will come in just shy of 100,000 for the month. That is the highest since the site began tracking in 2005. July’s repossession number was the second highest on record. The last highest was 93,777 in May...

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Obama: $600MM in housing aid for states with high unemployment; Is the Recession over?

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Obama: $600MM in housing aid for states with high unemployment; Is the Recession over?

Car Czar Consulting says: Who says the Recession is over?! See the foreclosure report video below and decide for yourself. Gov’t to give $600M in housing aid to 5 states; Treasury adding $600 million in housing aid for 5 states with high unemployment March 29, 2010, The Obama administration on Monday announced $600 million in financial support for five more states with high unemployment that have been slammed by the housing bust. Ohio got the largest share of funding,...

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