Home Foreclosures Threatening the Stability of the FDIC?

“Since January 2005 over two million homes in USA have been foreclosed, that’s about 1.7% of the total housing stock.” {Source: SeekingAlpha.com}

And, who’s taking all of these losses — the banks. Is this causing the FDIC to fail? Not likely, but it IS putting a strain on it.

What the above article highlights is that the home foreclosure crisis is nowhere near over. And, the impact of it has been felt by every sector — from individual homeowners to banks to small lenders to the construction industry.

We’ve got a ways to go before the crisis rights itself folks.

P.S.: Learn how to start a foreclosure clean up business — and get on the road to creating financial security for you and your family.

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Copyright © 2009 Yuwanda Black for Foreclosure Business News. Article may not be reprinted or reproduced in any manner without the express, written consent of the author.