Michigan’s public employees’ pension system is picking up the tab for a failed movie studio because of ill-fated guarantees designed to bring business to the Wolverine State.
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Bank Repos Could Top One Million, Putting More Pressure on Home Prices
The number of home repossessions this year could top one million despite tens of billions of federal dollars that have been spent to keep people from losing their homes. That’s the report from RealtyTrac Inc., which publishes the nation’s largest database of foreclosure, auction, and bank-owned homes. RealtyTrac’s Midyear 2010 U.S. Foreclosure Market Report, issued [...]