‘Current News’ Archives
Pending Home Sales Plummet 7.6 Percent In January
The number of buyers who agreed to purchase a home fell sharply in January, a sign that demand for housing is sinking this winter as stormy weather slammed Eastern states. via Pending Home Sales Plummet 7.6 Percent In January.
Fannie Mae Posts 4Q Loss, Wants $15.3 Billion In Additional Government Aid
Fannie Mae needs another $15 billion in federal assistance, bringing its total to more than $75 billion. And worse, the mortgage finance company warned its losses will continue this year. The rescue of Fannie Mae and sister company Freddie Mac is turning out to be one of the most expensive aftereffects of the financial meltdown. The new request [...]
Short-Sale Program Will Pay Homeowners to Sell at a Loss – NYTimes.com
In an effort to end the foreclosure crisis, the Obama administration has been trying to keep defaulting owners in their homes. Now it will take a new approach: paying some of them to leave. This latest program, which will allow owners to sell for less than they owe and will give them a little cash to speed them on their way, is one of the [...]
Obama Administration Floats Idea To Ban All Foreclosures Until Government Review
The Obama administration may expand efforts to ease the housing crisis by banning all foreclosures on home loans unless they have been screened and rejected by the government's Home Affordable Modification Program. via Obama Administration Floats Idea To Ban All Foreclosures Until Government Review.
Financial Scams, Foreclosure Scams, and How To Avoid Them While Protecting Yourself From Shady Bill Collectors
How you can tell if a settlement offer is valid 1. Agree on the terms and conditions 2. Ask the company to mail you a signed copy of the settlement offer 3. If they say you must make a decision right now, tell them to fax the offer to you instead 4. Tell them you will not agree on the phone, but will return a copy of their signed [...]
No shame in foreclosure!
I like the bulldozer story! Makes me want to go to RSC today and rent one! I could take down all four of the buildings on our property! I think the what the banks are doing criminal! With more and more information coming out someone has to stop this mess! Our house is scheduled to go to "auction" on June 15, 2010 at the Deschutes County Court [...]
Terry Hoskins: Ohio Man Bulldozes $350K Home To Avoid Foreclosure
An Ohio man says he bulldozed his $350,000 home to keep a bank from foreclosing on it. via Terry Hoskins: Ohio Man Bulldozes $350K Home To Avoid Foreclosure.
Consumer Complaints Soar On Mortgage ‘Rescue’ Schemes (VIDEO)
As many Americans sank deeper into financial trouble last year, a record number reported that they fell victim to schemes seeking to profit from their misfortune, according to a federal report released Wednesday. via Consumer Complaints Soar On Mortgage 'Rescue' Schemes (VIDEO).
UnHAMPered | The New Republic
UnHAMPered | The New Republic. The government response to the financial crisis has been a spectacular success for the financial industry. Big banks are now solvent—on paper at least—and have returned to paying bonuses that strike most Americans as, well, vulgar. Their recovery stands in sharp contrast to the millions still trapped in [...]
SIREN | The Naked Truth, Exposed
SIREN | The Naked Truth, Exposed. Good information on fighting foreclosure with templates of letter to send to "mortgage" company.
