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This Is Not A Normal Recession: Moving on to Plan B
""The Winter of 2008-2009 will prove to be the winter of global economic discontent that marks the rejection of the flawed ideology that unregulated global financial markets promote financial innovation, market efficiency, unhampered growth and endless prosperity while...The foreclosure freeze tide
"WASHINGTON (Legal Newsline)--As Capitol Hill remains under siege from all sides of America's faltering economy, pressure to stem the tide of foreclosures continued to make inroads as Fannie Mae and Freddie Mac became the latest to join the foreclosure freeze movement.The...Investors Hit BofA Loan Modifications
Bank of America Corp.'s decision to embark on an $8.4 billion home-loan-modification program to settle charges brought by state attorneys general against Countrywide Financial Corp. was hailed as a milestone when the deal was announced this fall. But apparently nobody...
created by MortgageAuditor | 3 years ago | updated 3 years ago
285 views | 0 recommendations | 1 comment
285 views | 0 recommendations | 1 comment
How to qualify for a loan modification « Foreclosure Combatant
"Which homeowners qualify for LOAN MODIFICATION and how can you improve your chances of success? While each lender has their own unique guidelines for acceptance, there are some general requirements that borrowers must meet if they hope to get their loan modified...
The Real Debate: Crony Socialism or Economic Sovereignty?
Ellen Brown, author of "Web of Debt" about the monetary system, comments here on the Wall Street Bailout, the economy and the monetary, and presents options for making it work for the public interest, instead of only for crony capitalist corporate socialist bankers.... 160 views | 4 recommendations | 6 comments
Senate to Fannie, Freddie: Freeze Foreclosures!
"This week, several mortgage companies were placed under the control of government-backed enterprises Fannie Mae and Freddie Mac. And to provide the troubled borrowers with immediate relief, the Senate Banking...Help Available for Homeowners Facing Illinois Foreclosure
"Many distressed homeowners in Illinois should welcome the news that foreclosure help is available for those who are seeking it. In an effort to curb the rising tide of foreclosure in the state, a series of...Fannie Mae loses $2.3B in quarter as defaults rise
More bad news in the U.S. housing sector -- which is bad news for the U.S. (and other) economies. You have to wonder why Fannie Mae would respond by raising prices for borrowers. Won't this ultimately lead to more defaults? You'd think they would prefer to refinance existing... key packages to help home buyers and repossession families..
UPDATE; 03rd September 2008After months of continuing gloom on the UK housing front with more repossessions, more banks losing money and buyers waiting for the Government to decide what to do with stamp duty. The... 1499 views | 21 recommendations | 13 comments
Wealthy Struggle in US Credit Crisis
With news announced that American house prices have plunged by up to 15% in the subprime crisis, it has been revealed that America's wealthy are beginning to feel the pinch, struggling with their mortgages and credit card bills, with lenders tightening their lending...
created by Christina 123 | 3 years ago | updated 3 years ago
240 views | 2 recommendations | 2 comments
240 views | 2 recommendations | 2 comments
Greed Has Run Amok In Mortgage Industry
Anthony Downs, a senior fellow at the Brookings institution wrote this piece for the National Real Estate Investor. Given the impact that the subprime crisis has had on the American and global economies, the new president should make this one of his first priorities. As Downs...Pay Day Lenders Rip off the Poor
Pay Day Lenders Rip off the PoorOp-EdGo into any low income area and what do you see? A Pawn shop, a check cashing business, and a payday lender. All of these companies take advantage of poorer folks...
created by Albert Milliron | 3 years ago | updated 3 years ago
578 views | 5 recommendations | 4 comments
578 views | 5 recommendations | 4 comments
U.S. Foreclosure Filings Double in First Quarter, Led by Nevada
More bad news for the US subprime crisis. It may not be a total shock that the number of US home forclosures increased in the first quarter, but the number is truly staggering."U.S. foreclosure filings more thandoubled in the first quarter as payments rose for...McCain Addresses Housing Crisis : No Pandering, Lenders called on to Help
McCain Addresses Housing Crisis : Lenders called on to Help John McCain made it clear in his speech today that lenders have a reproducibility to make the terms clear to borrowers and Those seeking loans should...
created by Albert Milliron | 3 years ago | updated 3 years ago
227 views | 0 recommendations | 0 comments
227 views | 0 recommendations | 0 comments
Bush to outline 5-year rate freeze plan: sources
" WASHINGTON (Reuters) - President George W. Bush is expected to outline on Thursday a plan to freeze mortgage rates for five years for many U.S. homeowners facing sharp increases in their monthly payments, industry sources said on Wednesday. Final details of the plan are...NowPublic on Facebook
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