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Mortgage Crisis Archive
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California to get Lion’s Share of Fed Mortgage Settlement
Posted on February 9, 2012 | 1 CommentIf so, California officials said in a statement that state would get $18 billion of that, including $12 billion in principal reductions and other relief for an estimated 250,000 homeowners -
Texas Squatter Law Lands Man Plush Home for 16 Bucks
Posted on July 20, 2011 | No CommentsRobinson plans to stay, and after three years, he said, he can ask the court for the title. -
‘Anonymous’ Hackers Release Bank of America Emails That May Lead to Massive Mortgage Fraud
Posted on March 14, 2011 | No CommentsUp until now, everyone assumed that whatever secret document drop, dropped on BofA, would come from Wikileaks. But that threat seems to have fizzled, at least temporarily. -
Obama Administration says to the Forclosed “Hit the Road Jack” | Loan Modification Program is Foundering
Posted on November 4, 2010 | No CommentsObama administration sings new tune on foreclosures -
This November, Take Our America Back From the Progressive Agenda
Posted on October 24, 2010 | No CommentsBreaking Point explores the motivation behind the Tea Party and reveals the true cause of the housing crisis that propelled Obama into office. -
David Axelrod – White House Says “No Need to halt All Foreclosures”
Posted on October 11, 2010 | No Comments"It is a serious problem," said David Axelrod, who contended that the flawed paperwork is hurting the nation's housing market as well as lending institutions. But he added, "I'm not sure about a national moratorium because there are in fact valid foreclosures that probably should go forward" because their documents are accurate. -
2010 Census: 40 Million Americans or One in Seven are Living in Poverty
Posted on September 17, 2010 | No Comments“The reality is that when Washington comes up with its formulas, its formulas are always slanted toward those who have more voice, more power and more influence over the system, and more money – and never toward those who are just sort of working class,” Hagler said. -
Keynesian Economics is Fraught with Failure Past and Present
Posted on September 2, 2010 | No CommentsPresident Bush's stimulus initiatives cost about $200 billion each; the Obama Administration's first attempt to turn the economy around cost $868 billion. Now there's foolish talk of more. -
Confessions of a Loan Shark | Pitfalls of Loan Modification Assistance
Posted on August 27, 2010 | No CommentsConsumers can easily accomplish both of those services free and equally as effectively on their own. Instead, they pay a huge fee and receive minimal help. -
Obama’s ‘Summer of Recovery’ Looks Grim as Home Sales Plunge into Abyss
Posted on August 26, 2010 | No CommentsObama’s other housing program -- the mortgage modification program -- has been a failure as well; recent data shows that almost half of participants have dropped out of the program and foreclosures on their homes are sure to follow.