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New Problem:  Bank Walkaways – Banks Starting to Walk Away on Foreclosures - NY Times

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Paul Jackson of Housingwire takes the NY times “Downtown” ….   Viewpoint: The Latest Witch Hunt  – By PAUL JACKSON … Let’s start with the premise of this latest example of psuedo-journalism, and the requisite villianization of the lender … much more – housingwire

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Foreclosures spike – so do mortgage-help plans - Lenders are fixing more loans, but the number needing assistance is soaring. – By Les Christie – … In February, nearly 250,000 homeowners received either mortgage modifications or repayment plans from their lenders, according to Hope Now, … – CNNMoney.com
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Would Cleansing Banks’ Balance Sheets Kick-start the US Economy? – … It is extraordinary that various commentators who are currently blaming the banks for refusing to increase the pace of lending and thus delaying economic recovery, were the first to accuse the banks for causing the present economic crisis by not practicing prudent lending. … – Mises Daily by Frank Shostak

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How Much Is That Toxic Asset in the Window? – Sarah Johnson – Can Treasury’s attempt to create a working marketplace for banks’ so-called toxic assets succeed? It depends on whether those assets can be legitimately valued — and whether the entire plan frees up lending.  – CFO.com