Local Banks Slammed by Housing Bust

From today’s Everett Herald: Housing slump hits local banks hard Low interest rates, the loss of the home construction boom and investor pessimism all are weighing down on bank stocks, dealing a big blow to all three of the local banks traded on Wall Street. Lynnwood’s City Bank, along with Frontier Financial and Cascade Financial […]

Local Foreclosures Still on the Rise

Hmm, odd. The pace of foreclosures in the Seattle area seems to still be increasing. The nationwide foreclosure surge continued in March, with the Seattle area following along at a lesser rate, according to a new report Monday. The number of properties with foreclosure filings nationwide rose 57 percent in March from a year earlier […]