Bank America and GMAC Will Resume Foreclosures

The title of this blog says it all.  Hasn’t Americans had enough? Resuming foreclosures.  Give us a break.   This is a typical example of the banks and mortgage industry being too big to fail.  What has happened though is a failure in the American way of life. Many households “banked” their children’s future in [...]

Citi Bank Wants to Aid in Stopping Foreclosures

Citi’s mortgage branch is facing a massive amount of foreclosures. They’re so desperate they’ve launched a new initiative. The will allow defaulters to remain in their homes for 6 months. This is on the condition that they sign over their deeds to the lender. At the end of the program, when borrowers are ejected from [...]

Why Community Banks Should Lend to Small Businesses

Why Community Banks Should Lend to Small Businesses By Herman L. Jimerson Due to the scare brought on by the near collapse of the banking industry from the real estate sub-prime lending scams, many small businesses are gasping for air to survive.   Despite President Obama’s pleas to the major banks to open up the lending [...]