CNBC.com News Now: What Banks Are Really Doing With Foreclosures

Click here to view today's top stories on your mobile device. Monday, Aug. 31, 2009     DOW 9496.28 -47.92 -0.5%   NASDAQ 2009.06 -19.71 -0.97%   S&P 1020.62 -8.31 -0.81     NEWS MARKETS EARNINGS INVESTING VIDEO CNBC TV SIGN IN     WHAT YOU SHOULD KNOW Stocks End Lower but Gain 3.5% for Month Stocks ended lower Monday as a major selloff in China sent oil prices lower and dragged on the U.S. market... »read more Selloff May Be Coming, but You Don't Have to Join It After Wall Street defied the traditional sell-in-May-and-go-away maxim, September could be poised to ignore expectations as well... »read more Buffett Talk Boosts Auto Maker's Stock—but Should It? Shares of Chinese electric-car maker BYD rallied 8 percent in Hong Kong trading today (Monday), finishing at an all-time closing of HK$48.60... »read more New FREE E-Letter Maria Bartiromo's Investor Brief Newsletter Meet the movers and shakers of the investing and political worlds, get investing tips from the best in the business, plus receive Maria's exclusive "look at the week ahead" video. »Sign-up today! Click here TODAY'S TOP 5 VIDEOS 1. NY Fed Prez Speaks   CNBC's Steve Liesman discusses where the economy is headed and how the Fed intends to fix it, with New York Fed Pesident William Dudley. 2. Iger Snags Marvel   Walt Disney CEO Robert Iger discusses the company's acquisition of Marvel Entertainment. 3. Pick-up in Global Optimism   Yale University's Crash Confidence Index is on an upswing again, and that could be further ebvidence of a sustainable economic rebound. Robert Shiller, a Yale economics professor, shares his outlook on the economy. 4. Foreclosure Flood   Banks have been holding on to their foreclosed properties for months, but now they're getting ready to release them onto the market, reports CNBC's Diana Olick. 5. Call to Ban Texting (While Driving) Gets Louder  Calls to ban texting while driving are growing louder, reports CNBC's Phil LeBeau.       TODAY'S TOP BLOG   What Banks Are Really Doing With Foreclosures There have been a lot of accusations on the blogs and on the air that banks are holding on to REO (bank-owned) foreclosed properties because they don't want to put them on the market and push home prices ever lower. In digging into this, I got a few interesting answers. »See All CNBC.com Blogs

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