mortgages

  1. bajisima

    Reverse mortgages lead to seniors foreclosures

    Kind of figured this would happen. New Hampshire Legal Assistance is reporting a sharp uptick in the number of seniors needing help staving off foreclosure, and reverse mortgages are mostly to blame. Stephanie Bray, director of legal assistance’s Foreclosure Relief Project, said the...
  2. bajisima

    Homeowners still clueless about mortgages

    Apparently homeowners still don't understand mortgages and how they work. They often don't know about interest rates, where to get them or what is legal. I think things like this should be taught in high school in like a consumer economics class. These things are quite important since this is...
  3. T

    High risk mortgages again.

    Obama administration pushes banks to make home loans to people with weaker credit - Washington Post Obama administration pushes banks to make home loans to people with weaker credit.Housing officials are urging the Justice Department to provide assurances to banks, which have become...
  4. michaelr

    Obama to bypass Congress on mortgages

    Obama to bypass Congress on mortgages Obama trying to buy votes. This is not just illegal but foolish. In order to receive any "help" your mortgage needs to be owned by F&F. I guess there is more than one way to keep the MBS Ponzi alive. I wonder if this fucking idiot knows that without jobs...
  5. Devil505

    Obama to bypass Congress on mortgages

    In what appears to be the opening salvo in an effort to bypass the hopelessly stalemated Congress, Obama looks like hes starting to fight! (CBS News) Last Updated 11:16 a.m. ET With Republicans continuing to stall action on President Obama's $447 billion jobs bill, the White House is taking...
  6. michaelr

    It’s Time to Bring Our Mortgages Home – Your Municipality and Community Venture Fund

    It’s Time to Bring Our Mortgages Home – Your Municipality and Community Venture Fund is the Ideal Investor for Fannie, Freddie & FHA Defaulted Mortgages Fitts is a banker pimp, and an idiot. Now these people want your property tax dollars to buy up the fucking MBS. I mean hey fuck your schools...
  7. michaelr

    Another 11 Million Mortgages Will Go Bad

    Another 11 Million Mortgages Will Go Bad Keep your eye on the dog and pony show peeps, and forget that the economy is still imploding. This country will become the renter nation as homeownership is wealth, and we don't have that, not unless your a government bank.
  8. M

    WELLS FARGO to Stop REVERSE Mortgages.....

    Wells Fargo Home Mortgage said Thursday that it will no longer make so-called reverse mortgage loans, citing unpredictable home values and restrictions that make it difficult to determine if borrowers can afford homeowners' insurance and other financial obligations. Reverse mortgages are...
  9. MajikMyst

    Biggest defaulters on mortgages are the rich!?

    LOS ALTOS, Calif. — The housing bust that began among the working class in remote subdivisions and quickly progressed to the suburban middle class is striking the upper class in privileged enclaves like this one in Silicon Valley. Whether it is their residence, a second home or a house...
  10. A

    Finance Minister moves to cool mortgages

    This is a good move, we don't want any housing bubbles if we can avoid them.
  11. michaelr

    About half of U.S. mortgages seen underwater by 2011

    About half of U.S. mortgages seen underwater by 2011 Don't forget what this means to the derivatives markets as well. I keep saying that were at the beginning of this disaster, and I am right. We will conflate with Mexico and China before it is done, that is if the gov does not just shut...
  12. B

    Congressmen get Cushy Mortgages from Countrywide

    Oh yeah, and they are the ones who are leading the charge to fix the mtg scandals? bah! Kind of paints that old well known picture of the Washington Bubble and the elitists who've locked themselves in it.
  13. W

    Reports Suggest Broader Losses From Mortgages

    Every time economists and Wall Street executives think they have acknowledged the full extent of the losses from the meltdown in real estate mortgages, more bad news turns up. Merrill Lynch said yesterday that it would take a charge for mortgage-related securities on its books that is $3...