Obama and Bernanke Pump a New Housing Bubble

http://economicrisis.com/obama-and-bernanke-pump-a-new-housing-bubble/3922 Obama and Bernanke Pump a New Housing Bubble Obama administration pushes banks to make home loans to people with weaker credit … The Obama administration is engaged in a broad push to make more...

Fannie Mae posts record $17.2 billion profit in 2012

http://economicrisis.com/fannie-mae-posts-record-17-2-billion-profit-in-2012/3664 Fannie Mae posts record $17.2 billion profit in 2012 The mortgage giant Fannie Mae said it racked up its highest profit ever during the 2012 calendar year – a signal of housing-market...

“The US has become Weimar Amerika, a fascist enclave.”

http://economicrisis.com/the-us-has-become-weimar-amerika-a-fascist-enclave/1518 “The US has become Weimar Amerika, a fascist enclave.” The propaganda has turned openly laughable. On the popular major financial news networks, the recent decline in the so-called Gold...

Home Foreclosures Pushed Bankruptcies in Central Valley

Home foreclosures and job losses pushed bankruptcy rates to their highest levels in Central Valley counties in California. Nearly 46,000 bankruptcies were filed in courts in Sacramento, Modesto and Fresno. " Home foreclosures helped drove bankruptcies in the Central Valley...

U.S. Government Aid for Homeowners Facing Foreclosure

According to sources in Washington, the United States government has proposed a plan to help homeowners facing foreclosures. Federal officials announced the plan last Tuesday as giants in the mortgage market such as Freddie Mac and Fannie Mae launched a new approach to deal...

California Appeals Court Rules in Favour of MERS having the Right

We all know that MERS was created by major mortgage lenders, but has generated muchcontroversy lately about the right to terminate."Homeowner Jose Gomes was represented by attorney Ehud Gerstein. The court ruled...

Infinite Freedom Foundation Proposes Fannie Freddie Mergers

Infinite Freedom Foundation Proposes to Consolidate Fannie Mae and Freddie Mac and Wind Down Interest Bearing Housing DebtBy Alex S. GaborAre you better off today than you were two years ago? There is 18% more money floating around the planet in dollar terms alone than there...

Can The New Federal Lending Plan Stop Foreclosures?

In a new announcement that left the mortgage market dumbfounded, the Federal Reserve and the National Treasury announced that it will release another $800 billion in funds to new lending programs to get the credit market running once more and to force mortgage rates down in a...

Debate on Government’s Foreclosure Plan Rages On

Washington is still unsettled as to how to handle the foreclosure crisis."Last November 11, the administration publicized the government’s $ 700 billion plan to refinance delinquent loans controlled by mortgage companies, Freddie Mac and Fannie Mae. The already passed...

FDIC Proposes to Spend $24 Billion to Address Foreclosures

The Federal Deposit Insurance Corp. (FDIC) is planning to use an estimated $24 billion in federal funds to help nearly 1.5 million homeowners in the United States avoid foreclosure."The program includes providing guarantees to 2.2 million loans that have been modified,...