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State Politicos Capitalizing on Mortgage Crisis and Foreclosures
I read recently that Terry Goddard, Arizona's current attorney general, has joined a Task Force supposedly to address the scam artists operating in Arizona after Obama's claimed "rescue" was announced.
Below is a copy of a letter I sent to the Arizona legislature as a... Law Proposed to Protect Renters of Foreclosed Homes
New York Senator Jeff Klein has introduced legislation that would protect renters from being evicted immediately from foreclosed homes. " More and more renters across the state of New York are being forced out of... Subprime lending - Canada's dirty, little secret?
Does Canada have a dirty, little, subprime lending secret? Looks like it. As the U.S. financial sector began to crumble under the weight of subprime mortgage lending last fall, and so many regular Americans were... Obama to Reduce Mortgage Rates to Address Foreclosure
The administration of President Barack Obama is considering using taxpayers’ money to lower monthly mortgage payments of homeowners who are in danger of losing their homes to foreclosures."The effort to help... Fannie Mae Strikes Deal with Neighborhood Assistance to Stem F...
As the tide of foreclosure continues to wreak havoc to the housing industry, mortgage giant Fannie Mae has decided to bury the hatchet and work with one of its most vocal critics — Neighborhood Assistance Corp of America. " The agreement reached by these two actually... Houses of God Turn to Chapter 11 in Book of Bankruptcy
Amidst a nationwide recession, financial credit meltdown and foreclosure crisis, churches also are praying that they can meet their next mortgage. "The era of easy credit has begun taking its toll on even the... ING DIRECT Suspends Foreclosures
"Wilmington, Del.-based ING DIRECT, the nation’s largest direct bank, said Monday morning that effective immediately, it will suspend foreclosure sales on occupied single-family properties through the end of March 2009. The company also said it would suspend all evictions...Regulators nix credit card debt forgiveness plan
Personal responsibility is still a pillar of Conservatism, believe it or not. So, they forgive the mortgage companies, AIG, all the Big Banks, hedge funds, Ford, GMC, and Chevy, but not the college girl with her... These homes for sale stink
"Why Fannie and Freddie matterMore Videos This boarded-up, bank-owned home is on the market in Milwaukee. On the inside, that Milwaukee home has been picked clean. Never before have there been so many squalid, dilapidated homes... 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... Bush Optimistic About Economy; Fed Chairman Sees 'Difficulties'
I think Mr. Bush should listen to chairman of the Federal Reserve. US govt should consider this problem into account."U.S. President George Bush is urging lawmakers to act quickly on legislation to financially... Recovery from Foreclosure Crisis Might Take Years
It has become a widely accepted fact that the current blight in the national economy has been strongly influenced by the housing mess. Government officials as well as housing advocates have expressed their belief...Senate Banking Committee Approves Foreclosure Bill
The new Foreclosure Aid bill made some headway in the Senate yesterday, as the Senate Banking Committee voted 19-2 in favor of the bill, the last hurdle now only being the general vote by the Senate. Many expect...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...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...
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