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Foreclosure Woes: Jobless Now, Homeless Later
Job loss or unemployment has been triggering the rise of repo home listings, defeating old reasons like bad loans and its effects. So far this year, Americans who lost their jobs reached almost one million; resulting to a lot of foreclosures due to non-payment. Economists...Modified Mortgage Program Prevented 250,000 Foreclosed Homes
New York based JPMorgan Chase & Co, made announcements that it prevented at least 250,000 foreclosures since it joined other banks last 2007 in modifying or refinancing mortgages from clients who are delinquent in payments and those who may not be able to pay higher...Obama Chief of Staff Was Director Of Freddie Mac During Scandal
Obama's Chief of Staff Pick a Freddie Mac Alum - Will the Media Notice? or Care? " He’s President-elect Barack Obama’s new chief of staff, according to various Nov. 6 media reports, but Rep. Rahm Emanuel,...
created by Albert Milliron | 4 years ago | updated 4 years ago
165 views | 1 recommendation | 0 comments
165 views | 1 recommendation | 0 comments
Homeowners with “Upside Down” Mortgages: No Help Available
Millions of homeowners are struggling to meet their mortgage obligations and exploring solutions that could help them keep foreclosure at bay. Sadly, it has become more and more difficult for these homeowners...'Under Water' Mortgages are Growing Threat to US
So many shoes have dropped in this financial saga that I've lost count. Here is the most recent."As the financial crisis hits Main Street America, nearly one in six U.S. homeowners are finding themselves in...
They Did It On Purpose: The Housing Bubble & Its Crash were Engineered by the...
During the Clinton administration, the government required the financial industry to start expanding the frequency of mortgage loans to consumers who might not have qualified in the past.When George W. Bush was named president by the Supreme Court in December 2000, the stock... 206 views | 6 recommendations | 1 comment
Foreclosure Court Adds More Judges
If you are still having trouble picturing the current housing market conditions, you should only look at the foreclosure court in Cook County, Chicago. In order to keep up with the soaring number of foreclosure...New Jersey Legislators Step Up Efforts to Protect Homeowners
In an attempt to minimize losses from the financial meltdown, the government was willing to help out these troubled investment firms in the form of a $700 billion bailout plan. Despite the huge amount, many...Efforts to Prevent Foreclosure Slipping
According to a report released by the State Foreclosure Prevention Working Group, an organization of banking regulators and attorney generals of different states, it would seem that the efforts of the industry to keep distressed homeowners from losing their homes to... ACORN's Response to McCain's Lies [About Voter Fraud & the Wall Street Bailout]
ACORN, advocacy group for the poor and disenfranchised, responds to charges by McCain that 1) their fight for fair lending and against predatory lenders led to the economic meltdown and 2) that their drive to register voters (1.3 mil) has resulted in massive voter fraud.... 444 views | 26 recommendations | 13 comments
Buyers Caught in the Lending Freeze
"In an effort to save the flailing financial industry, the Senate has decided to give its nod to the revised $700 billion bailout plan. Although it was initially rejected in the House, it will be presented once...Foreclosure Scam Artist Sentenced to 10 Years
"The problems in the housing industry did not only result to million of Americans losing their homes to foreclosure. It also gave rise to a growing number of foreclosure-related scams, perpetrated by unscrupulous individuals. The good news is that the judiciary branch of the... Chronology: Financial Crisis Spreads From US to World Markets
Every thing was looking good in february 2007 .In the next six month every thing became revartted the ghost of subprime quashed the global finencial market following are the sequence of calamity..." ...
created by pankaj kumar | 4 years ago | updated 4 years ago
1851 views | 18 recommendations | 9 comments
1851 views | 18 recommendations | 9 comments
The People's Hedge Fund up and running
"StrategeryCapital Management LLC The people's hedge fund About Strategery Strategery is a unique hedge fund. It is the largest in the world, with expected initial capital of $700 billion. It has a free and unlimited credit line should it need more. It has no fixed mandate,...Mortgage forgiven for woman, 90, who shot herself
"Mortgage forgiven for woman, 90, who shot herself"" AKRON, Ohio (AP) -- Mortgage finance company Fannie Mae said it is forgiving the mortgage debt of a 90-year-old woman who shot herself in the chest as sheriff's deputies attempted to evict her. Addie Polk's plight...Top Members Today
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