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Business

Don't Sell Our Homes to Wall Street!
Business  (tags: mortgages, homes, homeowners, housing, HUD, petitions )

Freya
- 18 days ago - dontsellourhomestowallstreet.org
Under Secretary Julian Castro, HUD promised to help homeowners avoid foreclosure by selling more overdue mortgage loans to nonprofit community organizations rather than Wall Street banks. In reality, recent sales have sent 98% of mortgages to Wall Street.
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 )

Dandelion
- 212 days ago - publicintegrity.org
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 )

Judy
- 1049 days ago - cnbc.com
"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 )

Judy
- 1200 days ago - occupyamerica.crooksandliars.com
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 )

Kit
- 1424 days ago - ourfuture.org
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 )

Norm
- 1883 days ago - readersupportednews.org
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 )

Judy
- 2208 days ago - huffingtonpost.com
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 )

Tom
- 2516 days ago - change.org
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 )

RC
- 2755 days ago - online.wsj.com
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 )

RC
- 2780 days ago - nytimes.com
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 )

RC
- 2782 days ago - nytimes.com
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 )

Marion
- 2785 days ago - nytimes.com
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 )

RC
- 2794 days ago - nytimes.com
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 )

Blue
- 2818 days ago - smirkingchimp.com
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 )

Blue
- 2967 days ago - smirkingchimp.com
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.
 

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