Archives by Tag ' mortgage meltdown '
A lot of people are asking me what I think of the current proposal to bailout of the economic mess we are in. The Wall Street Journal and other mainstream media are now explicitly referring to us as a subprime government. Nobody is impressed with a plan that will cost, in actuality, at least the […]
Take away a person’s home and you strike a blow to their hearts. Movements like this will likely increase until real relief occurs for borrowers. So far, we have seen relief for investors, investment bankers, banks etc. — anyone with big money and a lot of clout. But individuals, banded together, have far more clout […]
There are a few things that have occurred to me with the evolution of this mortgage meltdown crisis and the entire improper process by which it is being handled. The foreclosures are of course improper and there are many offensive and defensive strategies that have been presented here in this blog. The main issues are […]
fortune-article-8-18-08 Real Estate America’s Most Distressed Housing Markets Matt Woolsey, 08.21.08, 4:00 PM ET During the recent real estate run-up, flippers who bought and sold homes within a year often reaped great profits. Today, you still see a lot of flipping, only buying and selling within a year often results in staggering losses. Who is […]
August 4, 2008 20 MILLION HOMES TO HAVE NEGATIVE EQUITY Housing Lenders Fear Bigger Wave of Loan Defaults By VIKAS BAJAJ The first wave of Americans to default on their home mortgages appears to be cresting, but a second, far larger one is quickly building. Homeowners with good credit are falling behind on their payments […]
the only way this is going to get “resolved” is that homeowners who fight, will probably get clear title to their homes, the mortgage will be removed as an encumbrance, the debt is extinguished, and the owners of asset backed securities get paid, if they fight, by the parties in the chain of securitization, their […]
by Brad Keiser Now Comes The Finger Pointing It was only a matter of time until we began to see the finger pointing with regard to our current mortgage crisis. This morning I am going to summarize an article I found in Fortune Magazine Online written by Peter Eavis. In this article Eavis attempts assign […]
And now, because nobody stepped in before the flood began, a new industry is born — bigger than personal injury lawsuits — it the flood of claims under TILA, RESPA, RICO, Securities laws, common law fraud and state and federal laws concerning false and deceptive business practices. People will be rescinding or simply voiding their […]
Mortgages in foreclosure jump in first quarter Foreclosure starts, delinquency rate also rise in first months of 2008: MBA By Amy Hoak, MarketWatch Last update: 2:13 a.m. EDT June 6, 2008 CHICAGO (MarketWatch) — More homeowners headed toward foreclosure in the first three months of 2008, as both the percentage of […]
Taking the entire Mortgage Meltdown process as a single transaction starting with the origination of the loan to the borrower and ending with the sale of an asset backed security to an investor, a pattern of deception and confusion emerges — providing the borrower with an arsenal of offensive and defensive strategies to avoid foreclosure, […]
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