Posts Tagged ‘Foreclosure’

7 results.
Aug22

Bank of Amerika

by Duane on August 22nd, 2011 at 7:04 am
Posted In: Headlines

Check out this story of how “America’s Bank” is forcing this one elderly couple out of their home.

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Oct18

Banker’s delight

by Duane on October 18th, 2010 at 10:21 am
Posted In: Headlines

If you really think that somehow the banks are somehow going to be nailed over these accusations of mishandled mortgage paperwork, you are dreaming. John Carney of MSNBC calls it.
“Here’s what is going to happen: Congress will pass a law called something like “The Financial Modernization and Stability Act of 2010” that will retroactively [...]

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Dec12

Foreclosure Rescue FAIL

by Duane on December 12th, 2009 at 1:08 am
Posted In: Economy, Follow the money

(huffingtonpost.com) On Monday, the Huffington Post’s Shahien Nasiripour reported on the failure of President Obama’s $75 billion foreclosure program, citing JPMorgan Chase’s prediction that only 15 out of 100 homeowner applicants have or will likely receive a permanent loan modification.
So far, the actual numbers are worse — much worse.
According to a new Treasury Department report, [...]

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Aug19

Mornin’ Linkage

by Duane on August 19th, 2009 at 6:44 am
Posted In: Economy, Headlines

The American government is into offshore drilling again—in Brazil!
YOU are committing $2 billion towards it.
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Let’s Hope China Forecloses On U.S. (Forbes)
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Another “‘bad’ treatment of animals is equal to slavery/holocaust” comparison. Courtesy of Nia Long. “When I became a mother, I started to really understand the importance of all living creatures in a way that [...]

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Aug08

Twitter for the Twitterless

by Duane on August 8th, 2009 at 12:42 am
Posted In: Headlines

Here are some quick hits worth checking out.
There is no second foreclosure wave because we still haven’t completed the first one.
Foreclosure wave gathers momentum
Ramsey Su: Has Real Estate Bottomed?
$500 Million Slated for Purchase of Eight More Planes as Lawmakers’ Travel Soars
Will Congress be made to drive to DC now that this news is out?

Wind Promises [...]

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May13

Here We Go Round the Mulberry Bush

by Duane on May 13th, 2009 at 9:47 am
Posted In: Economy

From Bloomberg (4/24/09):
Known as the “HomeSaver Advance” plan, Fannie used the program to provide “foreclosure prevention assistance to distressed borrowers,” according to its 2008 securities filing.
The plan entailed Fannie funding loans to help distressed borrowers get current on their mortgage payments. Fannie said there were about 71,000 advances made in 2008 with an average value [...]

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Apr06

Around my hood

by Duane on April 6th, 2009 at 6:20 am
Posted In: Economy

From CNN
Nearly 23,000 homes in Riverside County alone are listed as “bank owned” on RealtyTrac. One in 80 homes is now in the foreclosure process, according to the county assessor’s office.
“Riverside County is in the middle of the mortgage meltdown,” says county assessor Larry Ward. “It’s really tough on people, the foreclosures and prices that [...]

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