Banks Are Buying Their Own Foreclosures

Two years ago, I penned the column "A Huge Housing Bargain -- but Not for You." It was republished by TheStreet at the main site, went viral, sparked multiple other articles at other media outlets on the subject of the treatment of foreclosures and was instrumental in the introduction of a U.S. House of Representatives bill, the Saving Taxpayers from Unnecessary GSE Bulk Sale Programs Act of 2012.

Since then, I've written multiple columns on the subject of the treatment of foreclosures and nonperforming mortgages by U.S. banks, as I believe it is an important macro issue that has implications for all asset classes and for the economy in general....618 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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