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Tag: holc

The Tipping Point: Rebirth of HOLC?

Wed Mar 11, 2009 by on Florida Foreclosures

As the economy continues to worsen and confidence generally erodes as reflected in part by the Dow Jones Index dropping 25 percent since the beginning of 2009, the question arises: is there indeed a magic bullet to turn the world economy around? Some have suggested that Wall Street’s exportation of toxic mortgage-backed securities to investors throughout the world was “evil […]

Mortgage Forbearance on the Horizon: Obama Following His Gut and Major Banks Follow

Fri Feb 13, 2009 by on Florida Law News

It appears that the financial markets are taking their cues from the President as opposed to the Treasury Secretary. This week we saw the major equity markets tumble as the Treasury’s half-baked Bailout II Plan was partially unveiled. But most importantly, the markets started to respond– first yesterday- after the President began to dust off the history books and talked […]