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Hedge Funds Get Cheap Homes Homeowners Get The Boot
Business  (tags: Hedge Funds, investors, mortgages, government, real estate, homeowners shafted again, homeowners get the boot )

- 1 day ago -
Seven years after the real estate market crashed, major investors are again buying mortgages by the thousands. This time, they are buying from the government at a significant discount.
Bank of America Paid Bonuses to Foreclose: Lawsuit
Business  (tags: Banks, Mortgages, Lawsuiits, Bank of America Corp, Politics and Government, Massachusetts )

- 838 days ago -
"We were told to lie to customers," said Simone Gordon, who worked in the bank's loss mitigation department until February 2012.
Foreclosure Horror: The Zombie Title
Business  (tags: banks, blighted homes, foreclosure, Housing Crisis, impunity, mortgages, Robo-signing, walking away, zombie title )

- 989 days ago -
Six years in, thousands of homeowners are finding themselves legally liable for houses they didn't know they still owned after banks decided it wasn't worth their while to complete foreclosures on them.
40 Million Strong: Underwater Homeowners Can Fight and Win ... If They Get Organized
Business  (tags: americans, banking, business, debt, dishonesty, economy, finance, foreclosures, organize, money, mortgages )

- 1213 days ago -
It sounds like hype to say it, but underwater homeowners can change the course of history. It's not me saying that - it's the numbers. People who owe more than their homes are worth have the power to become the a powerful new political and economic force.
MERS? It May Have Swallowed Your Loan
Business  (tags: foreclosures, mortgages, corporate, corruption, dishonesty, economy, consumers, investments, lies, Wall Street )

- 1672 days ago -
Mortgage brokers handed out no-doc mortgages to people with fictional incomes. Wall Street shopped bundles of those loans to investors. And federal regulators gave sleepy nods A piece of that world survives in an obscure MERS Corporation, which claims to
Foreclosure Rates Surge: Banks Catch Up To Backlog, US On Pace To Hit 1 Million Repossessions In 2010
Business  (tags: Banks, California, Financial Crisis, Florida, Foreclosure Rate, Mortgages, Nevada, Obama, Predatory Lending, Real Estate, Realtytrac, Repossession, Subprime Mortages, Unemployment, Us Foreclosures, Wall Street, White House, Business News )

- 1997 days ago -
A record number of U.S. homes were lost to foreclosure in the first three months of this year, a sign banks are starting to wade through the backlog of troubled home loans at a faster pace, according to a new report.
Sign Petition: Tell Congress You're OUTRAGED By Predatory Lending!
Business  (tags: americans, consumers, business, corporate, dishonesty, corruption, debt, abuse, finance, foreclosures, money, marketing, government, law, lies, society, lenders, banks, mortgages, credit, cards, loans, unfair, devious, predatory, ethics, economy, cover-up )

- 2305 days ago -
Predatory lending practices must be stopped. Loans and other financial products are complex. They are potentially helpful and also potentially extremely destructive. Accordingly, loan products and contracts should be regulated by the government.
FDIC Chief Sheila Bair: Bailout Helps Banks, Does Little for Homeowners
Business  (tags: Sheila Bair, FDIC, bailout, banks, mortgages, brokerage firms, homeowners )

- 2544 days ago -
In a break with other top administration officials, the head of the Federal Deposit Insurance Corporation (that insures our bank savings up to a temporary limit of $250,000) sharply criticized the current bailout for institutionalizing its rescue efforts.
Pulling the TARP Over Our Eyes
Business  (tags: bailouts, Henry Paulson, mortgages, banks, lobbyists, TARP, US Treasury )

- 2569 days ago -
US Treasury Secretary Henry Paulson calls the bailout fund for banks & mortgages lenders the "troubled asset relief program" - TARP. I call it bullsh*t. Finance lobbyists are scrambling to get the most on the $ for their pimps. You & I will pay bigtime.
Federal Reserve & Treasury Want Huge Bailout for "Worst Financial Crisis We'Ve Ever Seen"
Business  (tags: Federal Reserve, Treasury Department, economuy, financial crisis, mortgages, US government, taxpayer dollars, Congress, bailout )

- 2571 days ago -
An unprecedented measure allowing the government to buy failing mortgages from banks & other lenders is under discussion right now between the heads of the Federal Reserve, the Treasury Department & leaders in Congress.
Wall Street's Next Big Problem
Business  (tags: AIG, American International Group, Federal Reserve System, Lehman, Wall Street, Finances, Banks and Banking, Mortgages, Insurance )

- 2574 days ago -
Wall Street isn't remotely prepared for the inestimable damage the financial system would suffer if A.I.G. collapsed.
Government Seizes Fannie, Freddie Mac
Business  (tags: US Treasury Department, Fannie Mae, mortgages, banking, Hnery Paulson, Freddie Mac )

- 2583 days ago -
The US Treasury Department has taken over the quasi-public Fannie Mae & Freddie Mac mortgage lenders. Treasury Secretary Henry Paulson has fired the heads of both companies & put in hand-picked replacements. He said a "rescue plan" will be implemented.
The Next Bubble Is On The Way: Credit Card Debt
Business  (tags: Barack Obama, economy, business, mortgages, foreclosures, housing crisis, credit card debt, credit crisis, Campaign 2008 )

- 2607 days ago -
Obama met with students at the University of Texas-Pan American. "Just be careful about those credit cards, all right? Don't eat out as much," he said. After the foreclosure crisis, he warned, "the credit cards are next in line."
Did the FED's $200 BILLION "Accommodation" Forestall a $2 TRILLION Implosion?
Business  (tags: banks, investmentmens, investors, Federal Reserve, government, politics, consumers, oil, Mortgages )

- 2756 days ago -
By the FED...warehousing "CRAP paper", this forestalled a ballooning contraction for 28 days...the presumption: the FED will roll them over and over and over until a time when the institutions can redeem them and write them down/ off on their own.
Mortgages - Are Interest Rate Drops Going to Help?
Business  (tags: finance, money, mortgages, loans, debt )

- 2765 days ago -
With the reduction of interest rates aimed at revitalizing the economy, will it help?

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