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Texas Cities Struggle with Vacant Buildings

American Banker  |  Monday, April 6, 2009

Officials are taking a renewed interest in vacant properties as they become more common in this recession. "One of the worst things you can have in your neighborhood is a boarded-up building," said the director of Fort Worth's code enforcement department...

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The $25 billion mortgage robo-signing settlement is:
Political extortion from the banks in an election year
A slap on the wrist — the banks put reserves away for this long ago, they won't even feel it
A source of relief for both banks and homeowners that could help the housing market and economy recover
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