Game Over: New Century Won’t Be Bought

Freddie Mac: 3 reasons lending will hit lows not seen since 2000 We are creatures of habit and suffer from historical financial amnesia. As you would expect, the market is now turning and the question now shifts to how big of a correction we are expecting. los angeles has been in a decade long renting trend where the vast majority of new household formation.Shadow Inventory Could Take Four Years to Clear: Morgan Stanley Job creation surges in June but U6 rate at 12.1% During the reference period, the number of unemployed in the labour force, increased by 1,158,700 persons, resulting in an increase in the national unemployment rate to 13.3% in Q2 2016 from 12.1 in Q1 2016, 10.4% in Q4 2015 from 9.9% in Q3 2015 and from 8.2% in Q2 2015.As of March, banks had an inventory of about 1.1 million foreclosed homes, up 20% from a year earlier.. Another 4.8. as the “shadow inventory” of foreclosures. According to Morgan Stanley, it.

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News broke late yesterday that New Century will shutter the rest of its business, laying off the remaining 2,000 employees it had been keeping in hopes of finding a buyer. Bloomberg reported.

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