There is no doubt that the crisis in foreclosures is worsening. Recent surveys have all been proofs of the rising number of foreclosure properties in the country. With this situation in mind, some states did what...
highlighted by cassy82 | 4 wks ago | updated 4 wks ago 24 views | 0 recommendations | 0 comments
In a new announcement that left the mortgage market dumbfounded, the Federal Reserve and the National Treasury announced that it will release another $800 billion in funds to new lending programs to get the credit market running once more and to force mortgage rates down in a...
highlighted by cassy82 | 4 wks ago 56 views | 0 recommendations | 0 comments
Washington is still unsettled as to how to handle the foreclosure crisis."Last November 11, the administration publicized the government’s $ 700 billion plan to refinance delinquent loans controlled by mortgage companies, Freddie Mac and Fannie Mae. The already passed...
highlighted by cassy82 | 6 wks ago 22 views | 0 recommendations | 0 comments
The Federal Deposit Insurance Corp. (FDIC) is planning to use an estimated $24 billion in federal funds to help nearly 1.5 million homeowners in the United States avoid foreclosure."The program includes providing guarantees to 2.2 million loans that have been modified,...
highlighted by cassy82 | 6 wks ago 27 views | 0 recommendations | 0 comments
In the recent weeks, Wall Street has been able to cut a few of its losses because of the plans to forestall foreclosures. The said plans were made to help a lot of US homeowners to slow down, if not entirely stop, their bouts with foreclosure properties."The plans were...
highlighted by cassy82 | 6 wks ago 18 views | 0 recommendations | 0 comments
According to sources in Washington, the United States government has proposed a plan to help homeowners facing foreclosures. Federal officials announced the plan last Tuesday as giants in the mortgage market such as Freddie Mac and Fannie Mae launched a new approach to deal...
highlighted by cassy82 | 7 wks ago 170 views | 0 recommendations | 1 comment
Freddie & Fannie Loans: 98.6% Are Current Last week the Federal Housing Finance Agency Mortgage Metrics Report was released (10/22/08) by Fannie Mae and Freddie Mac. This quarterly report is a, “Disclosure and Analysis of Fannie Mae and Freddie Mac Mortgage Loan...
Three weeks until the Presidential Election and - as we would expect - the politicking is getting especially intense, which in turn means the first victim is usually the humble truth. Once the truth has been sacked,...
created by Paisano1 | 11 wks ago | updated 11 wks ago 119 views | 4 recommendations | 3 comments
The radical socialists have stolen our retirement money, they have stolen the values of our homes, they have ruined and closed our banks and stolen the value of our vote, and, now, the polls say, they will...
"According to the Mortgage Banker’s Association, their mortgage applications index has plunged by 23 percent, from 591.4 to 455.4 during the week that ended September 26. With the collapse of Wall Street and subsequent chaos in the finance and banking industries, it has...
highlighted by cassy82 | 13 wks ago 56 views | 10 recommendations | 2 comments
Thursday there was a heated debate and no, it was not the Vice Presidential Debate. It was a jaw dropping night on Fox News’ O’Reilly Factor. Bill O’Reilly played tapes and read transcripts of...
created by ojt | 13 wks ago | updated 13 wks ago 344 views | 9 recommendations | 5 comments
Our 'Fourth Estate' was Asleep at the Wheel!As of this Tuesday morning, the media has finally woke up. On Morning Joe, Joe Scarborough's MSNBC news program, reporters finally realize their role in providing the information the public needs to know. "By Rich Noyes September...
"Those who fail to learn from history are condemned to repeat it" "Fool us once, shame on you. Fool us twice shame on us!" "You can fool some of the people all of the time, all of the people some of the time...
created by SFHomeless | 14 wks ago | updated 14 wks ago 769 views | 2 recommendations | 2 comments
In 2005, Senator McCain recognized the dangers posed by the reckless operation of Fannie Mae and Freddie Mac, and co-sponsored a bill to reform both agencies. The bill was killed in Committee due to the...
Fannie, Freddie & Foreclosures: The untold truth. The Reality you don’t hear from the news or congress By: Bill Hitchcock 98.3% of all loans are current! Only 0.12% had foreclosure initiated. Of the foreclosures initiated almost half found an equitable solution...
created by Bill Hitchcock | 14 wks ago | updated 14 wks ago 320 views | 2 recommendations | 1 comment