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Foreclosure Freeze Extended

The mortgage mess isn’t in the headlines, but it still with us. The big banks are still trying to sort out the paperwork, and now they leverage the holiday season to extend the foreclosure freeze.

So, now it’s a seasonal thing. But if the foreclosure freeze lasts beyond mid-January, after the holidays are over, the notion that home owners can stop paying without getting evicted, this will be big trouble for US banks and will rock currencies as well.

Here’s a report from CNN.

Yohay Elam

Yohay Elam

Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.