http://www.irvinehousingblog.com/blog/comments/bank-of-america-foreclosure-notices-increase-116-doom-spring-2012-rally/?source=patrick.net

Bank of America foreclosure notices increase 116%, spring 2012 rally doomed

The housing market is speeding toward another crash. Demand is weak, prices are falling, and to make matters worse, lenders are gearing up to process the shadow inventory waiting to be dumped on the market next year.

Moody's believes that the government is likely to continue to provide some level of support to systemically important financial institutions. However, it is also more likely now than during the financial crisis to allow a large bank to fail should it become financially troubled.