America's deepening home foreclosure crisis...

The nation’s biggest banks and mortgage lenders have steadily amassed real estate empires, acquiring a glut of foreclosed homes that threatens to deepen the housing slump and create a further drag on the economic recovery.

All told, they own more than 872,000 homes as a result of the groundswell in foreclosures, almost twice as many as when the financial crisis began in 2007, according to RealtyTrac, a real estate data provider. In addition, they are in the process of foreclosing on an additional one million homes and are poised to take possession of several million more in the years ahead.

 Five years after the housing market started teetering, economists now worry that the rise in lender-owned homes could create another vicious circle, in which the growing inventory of distressed property further depresses home values and leads to even more distressed sales. With the spring home-selling season under way, real estate prices have been declining across the country in recent months. More...

Don't miss:

1. After 9 million stolen homes, it's time to get tough with the banks...
2. Man bulldozes own home to hit back at bank!!!
3. The man who fought against a bank ... and WON!!!
4. How the bank bailouts screwed the American taxpayer...
5. Furious Dutch threaten bank run and put a stop to bankers' bonuses...
6. Angry Irishman lambasts "wanking, fucking bankers..."