| Aug 25, 2011 10:56AM Warren Buffett's Berkshire Hathaway, who owns about 10% of Wells Fargo, announced that it is investing $5 billion in Bank of America. $100,000 per share for 50,000 shares...as one would expect, BofA's stock is up over 20%. Buffett stated that BofA is a "strong and well-led company." That is a big chunk of change, and already at a profit given this morning's stock move. He now owns big chunks of the two largest mortgage lenders. The mortgage herd is spooked again, as it was last year (or maybe the... Aug 25, 2011 10:10AM RealtyTrac, the Irvine California firm that reports on all things foreclosure said on Thursday that, while sales of bank-owned real estate and homes in some stage of foreclosure during the second quarter of 2011 was mixed in comparison with earlier quarters, the gap in sales price between distressed and market rate sales continued to widen . Sales of properties that were either sold out of bank inventories (REO), at auction, or while in some stage of default through a short or other sale increased...
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