President Obama is travelling several Western states to talk up a re-vamp of his failed “Home Affordable Refinance Program” (HARP) in another big-government attempt to rescue homeowners who owe more on their houses than the real estate is worth. Beginning in Nevada, the “We Can’t Wait” campaign is intended to show-up Congress while side-stepping them […]
Tag: "mortgage crisis"
There are currently two bills in Congress that have been proposed to supposedly “fix” the current mortgage crisis. The very same mortgage crisis that was caused by big government intervention into the mortgage business sector in the first place by the wizards of Congress. Millions of honest, hard-working people are struggling to stay in their […]
With pending counterclaims of fraud and predatory lending, Deutsche Bank agrees to pay defendant $30,000 and issue a letter to correct credit to settle a New Jersey foreclosure action PHILADELPHIA, June 14, 2011 — Shaffer & Gaier, LLC announced today that its client has agreed to a $30,000 cash settlement with Deutsche Bank in an […]
Desperate Strokes for Union Folks; Unions turn to trying to use mortgage holders to fight for power and disruption, just like they used teachers, firemen and policemen in Madison, Wisconsin. SEUI operative/anarchist and career rabble-rouser Stephen Lerner was exposed recently in theblaze.com article, in trying to force the collapse and disruption of everything from banks to wall […]
The combination of federal efforts to combat the financial crisis coupled with mortgage assistance programs makes the taxpayer the ultimate guarantor of a large portion of home mortgages
In August, we watched as sales of existing homes drop by 2.7%. Experts were expecting an increase. Due to the fact that 30% of all home sales this year were by first-time home buyers, the National Association of Realtors has begun a campaign designed to influence congress to put more taxpayer subsidies into the housing market.
Members of Congress, the President, and anyone else with an opinion is still blaming the recession on greedy corporations. This article isn’t about rehashing the debate, but… what about the greedy government elitists? What about us? The government needs us to borrow more to feed the partial-reserve economy system we have. To get us to […]