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Capitol Hill Switchboard: (202) 224-3121 -- 'You MUST reject the Paulson/Bernanke bail out plan'
Capitol Hill Switchboard: (202) 224-3121 -- "You MUST reject the Paulson/Bernanke plan for bailing out and propping up reckless banks at taxpayer expense."
Action Alert
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Predatory Lenders' Partner in Crime
Added: September 24, 2008
Mortgage crisis from Bush speech in 2002 encouraging Freddie Mac and Fanny Mae
"Fannie Mae and Freddie Mac will ( Read more... ) -
Say Goodbye To 95% Fannie/Freddie Home Loans As 10% Downpayment Soon To Be Required
By Mr Mortgage on September 2, 2008 | More Posts By Mr Mortgage | Author's Website | Email This Post To A Friend Email This Post To A Friend
This is a follow-up on my post on August 4th entitled, ‘MGIC Reduces Mortgage Insurance LTV’s in CA, NV, AZ and FL…The Leaves Two‘. At the time, I was extremely concerned that there were only two mortgage ( Read more... ) -
FBI Ignored Mortgage Crisis Fraud Warning
From the Los Angeles Times
FBI saw threat of mortgage crisis
A top official warned of widening loan fraud in 2004, but the agency focused its resources elsewhere.
By Richard B. Schmitt
Los Angeles Times Staff Writer
August 25, 2008
WASHINGTON - Long before the mortgage crisis began rocking Main Street and Wall Street, a top FBI official made a chilling, ( Read more... ) -
Mortgage application volume hits lowest level in six years
Mortgage application volume hits multiyear low
By STEPHEN BERNARD, AP Business Writer1 hour, 6 minutes ago
Mortgage application volume fell last week to its lowest levels in nearly eight years, the Mortgage Bankers Association said Wednesday.
The fall in application volume is the latest sign of a struggling housing market. On Tuesday, a Commerce ( Read more... ) -
Allegations Of Allowing Fraud, Criminals In Mortgage Biz Lead to FL Regulators Resignation
Related
Downsizing of finance underway
Associated Press
Florida mortgage regulator resigns under fire
By BILL KACZOR 08.12.08, 4:21 PM ET
TALLAHASSEE, Fla. -
Florida's top mortgage industry regulator resigned Tuesday amid allegations his agency let thousands of convicted criminals, including bank ( Read more... ) -
Hundreds of banks will fail, says Roubini
Related
July planned layoffs rise 26 percent vs June
US junk-bond defaults may quadruple
A second, far larger wave of U.S. mortgage defaults is building
Ambrose Loses The Plot
Sun Aug 3, 2008 3:52pm EDT
NEW YORK, Aug 3 (Reuters) - The United States is in the second inning of a recession that will last for at least 18 months and help kill off hundreds of ( Read more... ) -
NAB will shock Wall Street
"The National Australia Bank's decision to write off 90 per cent of its US conduit loans will have dramatic repercussions around the world. Wall Street will be deeply shocked when they understand the repercussions of what NAB has done. It is clear global banks have nowhere near provided for their exposures to US housing loans which in the words of ( Read more... )
