deflating pubble
2006-10-27 20:20:00.35206+02 by Dan Lyke 0 comments
Banks try to stem foreclosures by reassuring homeowners:
"I don't care what people think -- we don't want your house," said Bob Caruso, national servicing executive at Bank of America.
Obviously he's got a point, it probably costs them more to unload it than many homeowners have equity in it, but I thought it was an interesting turn of the phrase as the market softens.