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U.S. home mortgage applications for purchases fell to a nearly 15-year low last week as resurgent worries about the strength of the economy kept buyers at bay, an industry group said on Wednesday.
They will get away with it, at least in this life. “They” are the Wall Street usurers, people of a sort condemned in Scripture, who have brought more misery to this nation than we have known since the Great Depression.
2011 is shaping up to be the worst year on record.
You know the powers that be are pretty desperate when they feel compelled to go after a Legal Aid attorney.
Revealingly, one of the Administration’s allies said: “Wall Street is our Main Street.” And the worst is that this remark may not be a cynical Ministry of Truth pronouncement. Team Obama bears all the hallmarks of being so close to banks...
Bank of America Corp may settle a state and federal probe of foreclosure practices in a deal that lets New York proceed with an inquiry into securitizations, Bloomberg reported citing two people with direct knowledge of the matter. The firm may pu
In a three-month investigation, the New York Post found that in nearly all of the foreclosure proceedings, “banks have attempted to steamroll their way over sometimes-outgunned homeowners,” booting them out of their homes...
G. W. Bush: “Now, we’ve got a problem here in America that we have to address. Too many American families, too many minorities do not own a home. [...] Freddie Mac will launch 25 initiatives to eliminate homeownership barriers.” 6-17-02
Privately-owned housing starts in July were at a seasonally adjusted annual rate of 604 000 This is 1.5 percent (±10 7%)* below the revised June estimate of 613,000, but is 9.8 percent (±10.8%)* above the July 2010 rate of 550,000.
Mark Sass and his wife Jan decided to refinance the mortgage on their Cincinnati, Ohio, home on Friday, just days before the Federal Reserve pledged to keep rates near historic lows through the first half of 2013.
President Obama has directed a small team of advisers to develop a proposal that would keep the government playing a major role in the nation’s mortgage market, extending a federal loan subsidy for most home buyers, according to people familiar with
That's nothing new. The old "tanks in the street" argument is repeatedly trotted out - "the economy will collapse if you don't let us continue to loot!"
So Moynihan is trying to imply that it is just the arbitrariness of certain states that is causing his bank grief, when it is the reverse: the states that have a decent proportion of judges that still take the rule of law seriously...
To put it bluntly: vacant homes are crackhouse futures.
Host:
Ernest Hancock
Stuart Vener - President of the Wilshire Holding Group, Inc. - Mortgage Rates On Historic Low / Ryan Mott - Iowa's Straw Poll - LOVEvolutionary activist since 2007
Host:
Ernest Hancock
Stuart Vener - President of the Wilshire Holding Group, Inc. - Mortgage Rates On Historic Low / Ryan Mott - Iowa's Straw Poll - LOVEvolutionary activist since 2007
Half of the state home owners in California, roughly 7 million are aging baby boomers. The bulk of home sales in the last decade did come from this group or people that are older: 67 percent of those 75 and older changed addresses in the last 10...
One idea could be to create pools of foreclosed properties that would be sold in bulk to private investors, who would then rent them out. Such a plan would lower the supply of homes on the market. But it also could lock in losses on the bailouts...
The Obama administration went searching for creative answers to a perplexing question: How can the government rid itself of the glut of foreclosed properties it now owns in a way that nudges the housing market toward recovery?
According to a recent story in the Wall Street Journal, a construction worker by the name of Gutierrez bought a Vallejo, California home in 2003 for $340,000, putting a measly five percent down and paying the remainder with a $322,700 loan, which res
Although delinquencies and foreclosure activity is higher than normal in all states, a few states stand out.
Banks and servicers stopped foreclosures entirely for a time after the malpractice was discovered, and courts delayed the process, picking through papers as foreclosures were resubmitted; that is now turning around.
Clearly, in the World According to Banks, the only parties who engage in bad conduct are little people.
Increasingly, it appears banks are turning to demolition teams instead of realtors to rid them of their least valuable repossessed homes.
Foreclosed homes obviously lower the value of surrounding homes, but Whitaker says the damage can go on much longer than we might think. "The data suggest that foreclosure may permanently scar some homes," he writes in his research.
Question: Are the editors of the Arizona Republic able to read a chart?
And so GMAC, which was bailed out by taxpayers in 2008, began looking for a way to craft a document that would pass legal muster, internal records obtained by ProPublica show.
With 40,000 foreclosures burdening its books in the first quarter alone, Bank of America (BAC) will begin bulldozing and giving away abandoned homes it can't sell.
The spin that Bank of America is using to justify the notion of bulldozing buildings is that the houses in question are worth bupkis, say $10,000 or less. There’s a wee omission in their discussion. Many if not most of the houses in question have...
Bank of America Corp. (BAC), faced with a glut of foreclosed and abandoned houses it can’t sell, has a new tool to get rid of the most decrepit ones: a bulldozer.
