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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 )

Sheryl
- 1323 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.



   

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Comments

Teresa W (782)
Saturday October 3, 2015, 7:28 am
This is capitalism. Down with it!
 

Animae C (508)
Saturday October 3, 2015, 7:53 am
Thanx Dandelion
 

Donna T (0)
Saturday October 3, 2015, 8:10 am
thank you
 

Jennifer M (175)
Saturday October 3, 2015, 10:31 am
tyfs
 

Freya H (345)
Saturday October 3, 2015, 5:26 pm
Scum of the Cosmos! Those fat slime blobs are worth less than the air they displace!
 

Shirley S (187)
Saturday October 3, 2015, 6:34 pm
How completely unethical !
 

Roslyn M (26)
Saturday October 3, 2015, 9:06 pm
Noted
 

Arild Warud (174)
Sunday October 4, 2015, 4:12 am
This is what uncontrolled capitalism will give you.
 

Birgit W (160)
Sunday October 4, 2015, 7:25 am
I see our banks as criminals in the meantime, and the government is working with them together.
Arild Warud says it all. Thanks.
 

Roro l (0)
Sunday October 4, 2015, 8:22 am
thank you
 

Darren Woolsey (218)
Sunday October 4, 2015, 8:56 am
Hedge fund managers, banks and financiers have zero conscience. . .
Shared everywhere
Thanks Dandelion
 

Roger G (148)
Sunday October 4, 2015, 10:08 am
noted, thanks
 

JL A (281)
Sunday October 4, 2015, 10:22 am
Programs are supposed to be evaluated based on how well they achieve intended results; this on shows a major failure since meets stated purposed less than 17% of the time. That means it needs to be revised to get rid of incentives the funds have to undermine the program and homeowners in their quest for profits--past time for a GAO and Congressional investigation. Thanks Dandelion
 

. (0)
Sunday October 4, 2015, 11:27 am
Three years ago I posted an article on how certain banks and financial institutions were rubber stamping and back dating mortgages. In most of those cases those were mortgages that were up to date in payments and in some cases the mortgage had been paid in full. Notice how this issue just seemed to disappear?
Over the last couple of years I have signed petitions received in e-mails from groups who represent these very same people. They've had some success in winning justice for the beleaguered home owner.
It is very unethical to the extent that some people will go to make a profit.
 

Maryann S (112)
Sunday October 4, 2015, 12:33 pm
It's unethical! Thanks Dandelion.
 

Lois Jordan (63)
Sunday October 4, 2015, 3:15 pm
Noted. Thanks, Dandelion.
This makes me absolutely sick! My son is in the position of being "upside-down" with his loan being much more than his home is worth. The guidelines to change are so strict that he can't do anything other than continue to make his payments on something that's not worth what he paid for it.
 

Sheryl G (359)
Sunday October 4, 2015, 7:00 pm
And until better protections are put in place these rip offs will keep happening over and over again. The crooks all learned that crime truly does pay.
 

Judy C (91)
Sunday October 4, 2015, 7:50 pm
Sadly, crime does pay, and these wealthy criminals can afford the kind of lawyers to buy what we call "justice" in this country. The parasites are getting completely out of control. As I predicted after the housing crash, we are headed toward a slumlord nation.
 

Walter F (128)
Sunday October 4, 2015, 9:20 pm
Our A.N.Z bank is one of many that.has been forcing drought stricken farmers,who cannot meet their payments to leave their land.,The banks then sell the farms at a huge profit to overseas countries.Business is business.Pay up or get out.
 

Sheryl G (359)
Monday October 5, 2015, 4:08 pm
Business is business but when it comes to land it should remain with the citizens. We need to be the caretakers of our own lands.
 

BackSoon Fowler (33)
Tuesday October 6, 2015, 3:39 am
So sad. Capitalism is not for me. I agree with Dandelion. The land should belong to the people. We should have more input into what happens in our own countries.

Thanks Dandelion
 

Sanjeev Tandon (11)
Tuesday October 6, 2015, 4:32 am
Capitalism is entirely privately owned and operated for profit.
 

Sanjeev Tandon (11)
Tuesday October 6, 2015, 4:38 am
Compassionate capitalism is the best solution to global poverty
 

Sanjeev Tandon (11)
Tuesday October 6, 2015, 4:41 am
I mean a full, pure, uncontrolled, unregulated with a separation of state and economics
 

Sanjeev Tandon (11)
Tuesday October 6, 2015, 4:42 am
The word capitalism is now quite commonly used to describe the social system in which we now live.
 

Sanjeev Tandon (11)
Tuesday October 6, 2015, 4:47 am
We are all part of a capitalist political economy which is perfectly capable of holding any government hostage.
 

Sheryl G (359)
Wednesday October 7, 2015, 7:02 am
Sanjeev you are allowed to write longer comments per comment block. Not sure if you knew that.
 

Sherri G (128)
Wednesday October 7, 2015, 9:51 pm
Hedge Funds Promote more money for the top 1% while relegating the rest of us to survival. TY Dandelion Noted
 

Gina Caracci (219)
Wednesday November 25, 2015, 3:19 pm
Im looking into buying a home and the process gives me a bad vibe because its all a SCAM...if I can pay cash fine otherwise I want nothing to do with banks...but who can pay cash? lol
 
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