mortgage meltdown

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Latest blogosphere posts tagged “mortgage meltdown”

  • Warning: Fed May Cause Next Crisis, Hong Kong’s Tsang Suggests


    InvestmentWatchAuthority Authority: 450
    http://www.bloomberg.com/apps/news?pid=20601080&sid=a9xbDq__Y7v4 Nov. 13 (Bloomberg) — The Federal Reserve’s policy of keeping interest rates near zero is fueling a wave of speculative capital that may cause the next global crisis, Hong Kong’s leader said. “I’m scared and leaders should look out,” ...
    21 hours ago
  • 30-year mortgage interest rates down 1.25 percentage points from 2009


    Deadline NewsroomAuthority Authority: 121
    Speeding up credit card reformOn a $300,000 mortgage, the principle and interest payment, at todays average rate, would be about $1,594, compared to $1,825 a year ago, according to Erates calculators.by Broderick Perkins © 2008 DeadlineNews.ComUnauthorized use of this story is a copyright violation -- a federal ...
    1 day ago
  • Cash cushion shrivels - U.S. housing agency


    Money employment & careers - money-employment.marc8.comAuthority Authority: 148
    The mortgage meltdown has ravaged the finances of a crucial government agency tasked with propping up the housing industry.
    1 day ago
  • Many reasons why Florida homebuyers Choose FHA mortgage loans


    All Home Loan InfoAuthority Authority: 130
    Many reasons why Florida homebuyers Choose FHA mortgage loans. Florida home buyers should know the many advantages of the FHA mortgage loan programs. FHA loans were created to help increase home ownership. For the Florida home buyer the FHA program can simplify the purchase of a home, making financing easier ...
    5 days ago
  • Goldman takes on new role: taking people’s homes


    Livinglies's WeblogAuthority Authority: 130
    By Greg Gordon, McClatchy Newspapers Greg Gordon, Mcclatchy Newspapers Mon Nov 2, 6:00 am ET SAN JOSE, Calif. — When California wildfires ruined their jewelry business, Tony Becker and his wife fell months behind on their mortgage payments and experienced firsthand the perils of subprime mortgages. The couple ...
    1 week ago
  • States Commence the Inevitable “Tobacco” Litigation Against Banks — Arizona Leading


    Livinglies's WeblogAuthority Authority: 130
    Sometime back in the early Spring and Summer of this year, I had a series of meetings with Arizona officials from the legislative and executive branch right up to the top, an Alabama Class Action firm of some repute, and telephone conversations with the U.S. Attorney, and several other class action attorneys ...
    1 week ago
  • 2.2 million refinanced mortgages saving homes, economy


    Deadline NewsroomAuthority Authority: 121
    ID theft can bring you to fearsMore than 2 million homeowners have saved an average $120 a month on their mortgage payment -- a 10.5 percent reduction from the previous mortgage payment thanks to federal programs that have helped save homes and the economy.by Broderick Perkins © 2008 DeadlineNews.ComUnauthorized use ...
    1 week ago
  • Foreclosure Help “How To” - Make ‘em Produce the Note


    The Consumer Warning NetworkAuthority Authority: 118
    By Angie Moreschi:Using the “produce the note” strategy is something all homeowners facing foreclosure can do. If you believe you’ve been treated unfairly, fight back. We have created templates for a legal request, a letter to your lender and a motion to compel to help you through the process.  Read the step ...
    2 weeks ago
  • On the economy and causes of the housing bubble.


    POWIPAuthority Authority: 587
    An intersting discussion of the fundamental nature of the US economy as well as some of the factors that brought about the current downturn. Do you remember the mea culpa that Alan Greesnspan, Mr. Bernanke’s predecessor, delivered on Capitol Hill last fall? He said that he was “in a state of shocked disbelief” ...
    2 weeks ago
  • Wall Street titan should explain what he does for a living


    InvestmentWatchAuthority Authority: 450
    Link (excerpted) The national rage directed at Wall Street seems to be intensifying. Many Americans struggle in vain to find work. Those fortunate enough to have jobs worry that their pay will be cut. The mortgage meltdown has cost families across the country their homes. No matter what financial experts may say ...
    2 weeks ago
  • TWO Undisclosed Yield Spread Premiums: Why Securitization Changes the Game


    Livinglies's WeblogAuthority Authority: 130
    So called “auditors” will miss the fact that there are two yield spread premiums that were not disclosed to either the homeowner or the investor. Failure to account for the movement of money through the securitization chain and failure to account for appraisal fraud, essentially leaves 95% of the money on the ...
    2 weeks ago
  • 100 Bank Failures And Counting! [Bank Failures]


    ConsumeristAuthority Authority: 779
    "More banks have failed in 2009 than the rest of the decade combined," writes Ariel Nelson at CNBC . Today, Partners Bank in Naples, Florida closed its doors, making it the 100th bank to fail this year. Click the link to see a map of where bank failures have happened the most over the past 10 months. "100th Bank ...
    3 weeks ago
  • New Shockwaves From Courts and Accounting Board


    Livinglies's WeblogAuthority Authority: 130
    Wall Street was not responding to legitimate consumer demand, it was creating an artificial demand simply to create mortgage product to feed its securitization machine and generate big fees for itself. Comment from Reader: “MERS and the Pretender Lenders are seeking the courts to credit them with a touchdown ...
    3 weeks ago
  • Mortgage Meltdown Was Caused by Government Mandates


    OpenMarket.orgAuthority Authority: 668
    The mortgage meltdown was caused partly by the government, which created an artificial market for bad mortgages.  The Washington Examiner cites a recent study by Peter Wallison, who had prophetically warned about risky financial practices for years, finding that two-thirds of all bad mortgages were either ...
    3 weeks ago
  • Wisdom Succumbs to Wise Guys


    Livinglies's WeblogAuthority Authority: 130
    It is difficult to imagine anything more obvious than splitting the risk taking core model of Wall Street from the risk averse core model of banking. The dilution of Glass-Steagel over the years and its eventual repeal is exactly how we got into this mess. Coupling that with deregulation and non-transparency created a ...
    3 weeks ago
  • The Truth Will Set You Free: The Logic and the Law are Simple and Old as Common Law Dating Back Centuries


    Livinglies's WeblogAuthority Authority: 130
    Thanks to Deontos:Editor’s Note: The logic is simple, basic and the law is old, accepted and “black letter.” No new law is needed to overturn all the foreclosures since 2001, no fancy footwork is required to throw the bums out of court and sue them for the damage they created when they filed false papers [...]
    3 weeks ago
  • Congress Moves to Reinflate the Housing Bubble That Caused the Financial Crisis


    OpenMarket.orgAuthority Authority: 668
    Veteran political commentator Michael Barone reports that liberal congressional leaders are pushing policies to “inflate the housing bubble again,” even though “our financial system broke down because we had, thanks to government policies, a housing bubble.” Congressional leaders are ignoring warnings from ...
    3 weeks ago
  • Human Cost of Economic Skulduggery


    Livinglies's WeblogAuthority Authority: 130
    Editor’s Note: From Home, to Car to Shelter. It’s a common story and a tragedy. But if that is a tragedy then where is the outrage when we add the component that she was probably wrongly dispossessed, that she probably still owns her house and that if she had proper legal representation in a court [...]
    3 weeks ago
  • Obama administration promotes junky, risky mortgages at taxpayer expense, ignoring history’s lessons


    OpenMarket.orgAuthority Authority: 668
    George Mason University Professor Ilya Somin explains how the Obama administration is expanding the awful policies that caused the mortgage crisis, like having taxpayers effectively underwrite risky-mortgage loans by bailing out GSEs at a cost of hundreds of billions of dollars.  Now, the administration is stepping ...
    4 weeks ago
  • Quarterly foreclosure activity sets new record


    Deadline NewsroomAuthority Authority: 121
    Golden States first lady againexhibits connectile dysfunctionForeclosures in the third quarter this year were up five percent from a quarter earlier, soaring 23 percent from a year ago, as banks began to unload pent-up supplies of distressed properties. The West was hit hard again.by Broderick Perkins Keep up with the ...
    4 weeks ago

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