Barney Frank Tells People Not to Pay Their Mortgages
A few days back, I made the point that President Obama's policies will soon encourage folks to fall behind on their mortgages ... Relief Program and the proposed stimulus package, Mr. Frank said he plans to lay out a series ... week.Meanwhile, an industry coalition is lobbying for a tax break that would allow companies [more...]
Date: 2009-01-12 11:52:00
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The Latest Home Mortgage rip-off.
If you or someone you know is in danger of losing their home and is considering paying someone to renegotiate their mortgage they need to read this ... to bilk homeowners out of the equity in their homes. Now, with that equity often dried up, they are presenting themselves as “foreclosure rescue companies” that charge upfront fees to modify loans [more...]
Date: 2009-01-15 18:14:17
on mortgage talks
A childhood friend just got home 1 month earlier my father, she too works in a cruise line! ... 1 in the states that helped millions of people with their house financing, debt consolidation and equity loans. like this company, good and renowned service must be the first thing to consider [more...]
Date: 2008-10-27 13:51:27
The first law that should be repealed in the United States is the 2005 Bankruptcy Bill: Will Obama eliminate debt slavery?
Our centralized government representatives would like us to believe that the subprime mortgage crisis was not expected, however, ... American citizen from this scam? In 2005, they created Debt Slavery by passing The Bankruptcy Bill. After years of lobbying, the “dream bill for credit card and financial service companies” finally came [more...]
Date: 2008-11-17 18:10:02
Settlement Officer Sentenced For Diverting Funds Intended To Pay Off Mortgage Lenders
Marny Arlen Bailey, 35, Highland, Maryland was sentenced to 21 months in prison followed by five years of supervised release for wire fraud in ... the homeowners’ previous loans, announced United States Attorney for the District of Maryland Rod J. Rosenstein. Judge Motz also ordered that Bailey pay restitution of $877,000, to the title company [more...]
Date: 2008-12-09 10:22:51
Mortgage bankruptcy reform may speed losses
A change in bankruptcy laws to allow judges to reduce the mortgages of consumers would probably boost filings, accelerating lenders’ losses on home-equity, automobile and credit-card loans, according to Keefe ... harmed may benefit in some ways, the Keefe, Bruyette analysts wrote. Credit-card companies [more...]
Date: 2009-01-13 08:30:01
Save Thousands by Prepaying your Mortgage
If you’re determined to cancel your home loan as soon as possible this is not a bad idea, ... penalties There also some loans that have prepayment penalties. Since the lending company earns money ... while reducing debt If you’ve read the small print and there are no prepayment penalties [more...]
Date: 2009-01-06 09:18:15
Foreclosure Moratorium Extended 90 Days at Marshall & Ilsley
Marshall & Ilsley (MI: 8.315 -1.83%), a Wisconsin-based mortgage banker, extended its voluntary foreclosure moratorium an additional 90 days through Dec. 31, 2009. The new expiration date marks a year since the moratorium first went into effect at the company. With $59.7bn in assets, M&I enacted its moratorium on all owner-occupied residential loans on Dec. 18, 2008 [more...]
Date: 2009-09-29 14:52:16
US Mortgage Crisis: Fannie and Freddie. Give Away the Farm
Dandelion Salad by Dr. Ellen Hodgson Brown Global Research, August 7, 2008 webofdebt ... access to credit. If foreign companies and governments abandon United States investments, home, auto and credit card loans will be much more difficult [more...]
Date: 2008-08-07 18:07:41
Seattle FHLB Likely Short of Capital on Mortgage Debt (Update3)
By Jody Shenn Jan. 13 (Bloomberg) -- The Federal Home Loan Bank of Seattle said it will suspend dividends and “excess” stock repurchases, ... of about $1 trillion in financing for Citigroup Inc., JPMorgan Chase & Co. and other companies [more...]
Date: 2009-01-13 21:23:00
Did Racism Help Cause the Mortgage Crisis? The Rise of Sandy Weill and Citigroup
Photo: United for a Fair Economy The State of the Dream copyright © 2008 Ralph Brauer ... on a Baltimore loan company named Commercial Credit that specialized in predatory lending. The tale [more...]
Date: 2008-12-21 05:13:51
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