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Monday, April 7, 2008
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3 comments:
Interesting article in the Post today - Local Banks Feeling Pinched: http://www.washingtonpost.com/wp-dyn/content/article/2008/04/06/AR2008040601820_2.html?hpid=topnews
The interesting part for me is at the end:
Cardinal Financial has weathered the turbulent credit markets and had essentially no nonperforming loans on its books at year's end. The McLean company's mortgage-banking subsidiary, George Mason, also remained profitable last year, though profits declined.
Bernard H. Clineburg, chief executive of the company, said Northern Virginia will remain a difficult place for community banks for at least the rest of the year.
"I think there is a bomb waiting to blow," Clineburg said. "I can feel it. I can smell it. I just don't know where it is going to be."
Interesting website (foreclosure heat maps). Wait to let it load. It might be interesting to watch this over time.
http://tinyurl.com/5642hu
Re: heat maps
You can zoom in and out and check out other areas around the country.
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