Atlanta Homeowners Get Help on Foreclosures

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...

Can The New Federal Lending Plan Stop Foreclosures?

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...

Debate on Government’s Foreclosure Plan Rages On

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...

FDIC Proposes to Spend $24 Billion Federal Funds to Address Foreclosures

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,...

Fights on Foreclosures Cannot Help Lift Stocks

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...

U.S. Government Aid for Homeowners Facing Foreclosure

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...

Freddie & Fannie Loans: 98.6% Are Current

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...

The Facts About ACORN, CRA Programs and the Mortgage Crisis

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,...

Will Radical Socialists Steal the Rest of America?

 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...

Mortgage Applications Drop

"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...

O'Reilly to Franks: You're a Coward!!!

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...

When Watchdogs Snore: How ABC, CBS and NBC Ignored Fannie & Freddie

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...

World's Biggest Robbery - $700 Billion Dollars disguised as 'Bailout' - 1929

"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...

McCain Co-Sponsored Reforms of Fannie & Freddie

 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.

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...

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