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Center for Responsible Lending to Congress: “Act Quickly”
With the nation on the brink of an economic recession, the Congress finally approved the bailout legislation, which has a budget of $700 billion. A huge percentage of the budget will be used to buy bad assets, mostly...Iraq and Afghanistan War Culture and Prism responsible for Financial Crisis
The corporate mass-media is playing a key role in seeking to shape the broad public perception of the current financial crisis. The corporate mass media, in its public relations capacity, has sought to specifically...
World's Biggest Robbery - $700 Billion Dollars disguised as 'Bailout' - 1929
"Those who fail to learn from history are condemned to repeat it" "Fool us once, shame on you. Fool us twice shame on us!" "You can fool some of the people all of the time, all of the people some of the time... Fannie, Freddie & Foreclosures: The untold truth.
Fannie, Freddie & Foreclosures: The untold truth. The Reality you don’t hear from the news or congress By: Bill Hitchcock 98.3% of all loans are current! Only 0.12% had foreclosure initiated. Of the foreclosures initiated almost half found an equitable solution... Renters Moving Out Due to Foreclosures
"As the number of homes that enter foreclosure increase nationwide, so is the number of tenants left without homes. The sad thing about this situation is that many of these renters are not aware of what has been happening until they were given notices to move out. Such is the... The Case Of The “Disappeared” Minority Subprime Borrower
Minorities, the target of Subprime Loans, are now the major losers. A disaster that effects us all. See the report: "Foreclosed: State of the Dream 2008 – examines the racial bias of the subprime mortgage lending crisis, and the resulting huge wealth loss to people of color... Neighbors Suffer from Foreclosures
"For homeowners who have been diligent in their mortgage payments and even their association bills, the foreclosure crisis may not be something you will be interested in. Sadly, the problems in the mortgage industry...Study: 700,000 Delinquencies, Foreclosures Involve Older Homeowners
"According to a study conducted by the AARP Public Policy Institute, the likelihood of a foreclosure is higher for older homeowners. This certainly debunks the old myth that older borrowers are less vulnerable to the foreclosure crisis. The said research involved data...Number of Foreclosure Filings Hits Record High in August
"When the numbers for August foreclosures were reported, it can not be considered as good news especially considering that there were actually 304,000 homes in default. To make this even more depressing, data...Florida Homeowners Urged to Attend Foreclosure Workshop
"Since Florida is among the states hit hardest by the foreclosure crisis, it can be expected that many housing advocacy groups would like to provide assistance to the thousands of troubled homeowners. One such...Wall Street Mess and the Foreclosure Crisis
"When America woke up this Monday morning, the news that hit them is certainly something that one will not expect. Investment giants Lehman Brothers and Merrill Lynch were suffering from losses so huge that the... Arizona Taps $13.6M to Address Foreclosure Problems
"For Arizona homeowners facing foreclosure, you will be relieved to know that assistance is on its way. The state government has decided to tap its funds and set up housing and foreclosure prevention programs worth... Michigan Foreclosures Receiving Multiple Offers
"In Genesee County, Michigan, market conditions seem to be different than what can be observed in most housing markets. Instead of the buyers enjoying the advantages, it is the foreclosure sellers who are receiving...Foreclosures Still Rising
"Last Monday, a report released by ForeclosureS.com showed that the number of foreclosures is still rising based on the August data. Most of the homes in trouble were primarily located in three states: Florida,... More Losses in Los Angeles, California Nightmare
If the first two quarters of 2008 were compared with the first two quarters of 2007, there has been an increase on 286 in Los Angeles foreclosure homes. Many are calling this period to be the worst after the Great...
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