mortgage crisis

Memo to Big Banks: ‘Clean Up Your REO Inventory . . . or We’ll Do it For You!’

The Case for RTC II (“RTC²?”) It seems increasingly apparent — at least to this observer — that what lies in our collective future is some sort of successor to The Resolution Trust Corporation (“RTC”). It was the RTC, of course, that successfully dealt with (and disposed of) all the foreclosed commercial properties left in the...
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