Three cheers for Chris Hayes on MSNBC. In his new show, ALL IN, last night he reported and editorialized on the mistakes of giving banks relief and “screwing” homeowners since 2008. On his show he had Elliot Spitzer who took the administration to task for not doing something before this time. And to top it […]

Tags: CBO, Chris Hayes, Congressional Budget Office, DeMarco, Fannie, Freddie, Obama, principal correction, principal reduction
Posted in Corruption, Eviction, evidence, Modification, Servicer |

CREDITORS CAN ONLY GET PAID ONCE Editor’s Note: If you are news junkie like I am and watch and read everything about the financial markets it is absolutely amazing how everyone seem to be in agreement that we are headed for a financial cliff and nobody wants to do anything about it. Sen Merkley, with […]

Tags: accounting, appraisal fraud, DeMarco, Housing Wire, John Prior, Oregon, private label securitization, restitution, Senator Jeff Merkley, underwater homes'refinancing
Posted in bubble, Corruption, Eviction, securities fraud |

Housing Regulator Defies White House Obama’s Next Move Unknown Editor’s Comment and Analysis: It’s unanimous! Except for DeMarco, the housing regulator who won’t let Fannie and Freddie cooperate with principal reductions. Why not? “The Federal Housing Finance Agency’s own analysis has shown that principal reduction could help up to 500,000 homeowners and save taxpayers as […]

Tags: Business News, DeMarco, Ed DeMarco, Ed DeMarco Fhfa, Fannie, Freddie, Housing Geithner, housing regulator, Tim Geithner, Tim Geithner Ed DeMarco, Tim Geithner Fhfa, White House
Posted in bubble, Corruption, Eviction, securities fraud |