Aug 10
Amidst reports that Fannie Mae has actually been encouraging foreclosures rather than loan modifications, Michigan state officials are suing Fannie Mae. Despite the fact that the Obama Administration is supposed to be supporting homeowners who wish to be able to stay in their homes, this practice is being conducted by Fannie Mae. Michigan has experienced …
Aug 05
As shortly as next week the White House will be announcing a new mortgage relief program. While the details are unclear it is expected to finally break the negative equity wall and begin to allow homeowners who are “not seriously delinquent” an opportunity to refinance – that’s right, there will be criteria under which underwater …
Jul 06
During the Great Depression of the 1920′s, home prices in the U.S. declined 31%. Compare that to the 33% they have fallen since the home market began its collapse in 2006. These prices are actually expected to fall even lower. In addition, underwriting standards have become more stringent. More than four in every five mortgages …
Jun 16
Stand Up and Be Counted by supporting Elizabeth Warren to head up the Consumer Financial Protection Bureau. All it takes to make a difference is a phone call to the White House in support of Professor Warren. With our past support, Ms. Warren has persevered even though many powerful bankers want her GONE! The banking …
Apr 27
Slammed by a financial crisis created by greedy financial institutions, homeowners are quickly finding new foes to blame for their continued suffering: Foreclosure fighters in government positions who have a tendency to sell out. To date, the Federal Reserve has found no wrongful foreclosures, the FBI says there’s no proof of financial crimes regarding the …
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