Let me know what you think. I can monitor it more frequently and embed other programs here if you like. Give me your feedback.
February 11, 2010
Freedom TV and the Reality Report Mentions Barack Obama On Assasinations
This video from Freedom TV's Reality Report is very interesting. It is a daily inet program. For those of us who don't like what is happening in our country and with our government, this could be enlightening.
Let me know what you think. I can monitor it more frequently and embed other programs here if you like. Give me your feedback.
Let me know what you think. I can monitor it more frequently and embed other programs here if you like. Give me your feedback.
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Is this a threat?
ReplyDeleteFriday, February 12, 2010
Schwarzman Says Kowtow to Banks or They Will Strangle the Economy
Can someone shut these banking industry narcissists up?
http://tinyurl.com/y9ocl2k
love it, keep'em coming, he's definitely on point.
ReplyDeleteI just want to know if vegetables are the only thing you are growing in the WH garden?
ReplyDeleteReason I ask is you have to be smoking some really good stuff to believe that anyone in the financial industry is looking out for the consumer....btw I suggest a few foxes to watch over the new hen house, too!
RED ALERT: Mortgage Bankers Strongly Oppose New Foreclosure Bill in California – SBX8 38
These guys are a bunch of farbisseners. And I think every homeowner in America should know just what the Mortgage Bankers Association is all about. Because these guys are no one’s friend. And they should all ech hob dir in drerd.
http://tinyurl.com/yaxujuv
Your slogan should be SHORT-CHANGED..YOU CAN BELIEVE IT!
ReplyDeleteReal stories, real people...I know you can't relate anymore...but take a peak:
Well, I am in the first stages of the HAMP…I sent in the first big packet on January 15th with the February payment. I checked online after a week and it said that they “received” all necessary paperwork on Dec 22nd?? I called a few days later and they said it was being reviewed. Then on January 29th they sent a letter stating that I had not included some of the necessary documents and I had 10 days to get to them. I got the letter three days before the items were due…and it was Saturday. So I called first thing Monday morning to find out what they exactly needed. They said they need the 4506T form, paystubs, etc – basically everything that I sent the first time. Literally, the whole package. I said, ok well I know you received this paperwork because the check was attached the one of the inner documents in an envelope, and that check was cashed a week after I sent in the papers. She then told me that I probably sent it to the wrong office and that the check cashing/payment office was in one state and the HAMP docs were being handled in a different office in a different state…I said that the envelope that had been sent to me for all the paperwork to be returned in was pre addressed to where they wanted it. She said that they might have gotten the papers but seen the check and just passed the check on and done nothing with the paperwork. I asked if she was saying that my documents were opened, looked at, rifled through, check found and then just POOF, they are gone? She got all huffy and said no, that is NOT what I said. And then I could tell she was reading through stuff on the computer…said that oops, nevermind, looks like they received everything but your paystubs and the 1126 form. Uh, that’s a little different than they have NOTHING! UGH! So I got those faxed in immidiately the next morning, the day they were due.
So basically I wait. I don’t know if it helps to continously call and check up on the status, especially after reading the documentation of some of the other stories.
I was behind on my payments and there had been a lot of representatives that had given me wrong information. I had documentation of that…luckily I did have a few really kind reps that have been helping me.
I am terrified this won’t work. I have Aurora Loans and it’s private investor is Fannie Mae.
I am praying this works as I can actually afford the payment under the modification. I just wish the economy was different so I wasn’t in this mess. Well, and that I had been more fiscally responsible when choosing a home to buy – but I was only just 24. I saw a pretty house and they approved it with a few white lies and stuff. Didn’t know any different. Now I can just try to keep moving forward…
Posted By Joie, Washington State: February 11, 2010 5:46 pm
http://cnnmoneytalkback.blogs.cnnmoney.cnn.com/2009/06/16/mortgage_modification/
Life after denial
President Obama's foreclosure-prevention program was touted as helping nearly 4 million people. 5 families talk about what happens when that help doesn't come.
http://money.cnn.com/galleries/2010/real_estate/1002/gallery.Life_After_Denial/index.html
The British have a better handle on things in our country than Americans..
ReplyDelete3 minutes into video
http://maxkeiser.com/2010/02/13/ote40-on-the-edge-with-max-keiser-12-february-2010/
President Obama is this the same guy you rely on for information on the economy?
ReplyDeletehttp://www.ritholtz.com/blog/2010/02/bernankes-greatest-hits/
Obama did you change HAMP to CLAMP?
ReplyDeleteas in the front door? Nice job with the taxpayers money...
Bank of America forecloses on house that couple had paid cash for
The bank had an incorrect address on foreclosure documents — the house it meant to seize is across the street and about 10 doors down — but the Cardosos and a Realtor employed by Bank of America were unable to convince the company that it had the wrong house, the suit states.
http://www.tampabay.com/news/business/realestate/bank-of-america-forecloses-on-house-that-couple-had-paid-cash-for/1072632
A Hundred Thousand Homeowners – Voices of Hope & Change
ReplyDeleteA. We want Congress to act to strengthen the HAMP program by adding hard and fast rules under which banks MUST write down a mortgage. The program is funded by tax dollars and is NOT WORKING on a voluntary basis. Here’s how banks view loan modifications.
B. We want the Treasury Department or Congress to impose penalties on lenders and servicers who break the rules under HAMP. Here’s what a judge said about HAMP rules.
C. We want Congress to allow judges to modify mortgages in bankruptcy court, just like what President Obama spoke of in his speech introducing the program that would allow for judicial loan modifications. The threat alone wold motivate banks to do it themselves. My article on the subject: WE NEED JUDGES TO MODIFY THE WAY BANKS BEHAVE.
D. We want HAMP to require principal reductions under appropriate circumstances. It’s not fair for banks to be able to foreclose on a home and then sell it to a new buyer for half the balance on the mortgage just to get it off of their books. FDIC’s SHEILA BAIR AGREES: Read About What She Says Here.
E. Congress must remove incentives that banks have to foreclose. Read Diane Thompson’s testimony in front of the senate.
http://tinyurl.com/yj5bao6
these guys respond to nyt article by fdic
ReplyDeleteIndymac OneWest Bank & the FDIC
http://www.youtube.com/watch?v=sBLwLIPvcJU
Charges in Web Video Bring Unusual Rebuttal From F.D.I.C.
*
By SEWELL CHAN
Published: February 14, 2010
http://www.nytimes.com/2010/02/15/business/15fdic.html
Wall Street Is A High-On-Crack Driver That Just Smashed Into Your House
ReplyDeleteJanet Tavakoli | Feb. 15, 2010, 7:41 AM
Global Ponzi Scheme
Fraud by borrowers, fraud on borrowers, and speculation by people who thought home prices would rise forever have all tarnished mortgage lending. Yet this pales compared to the epidemic of predatory lending.
Predatory snipers committed financial murder as deliberately as British soldiers sold smallpox contaminated blankets to Native Americans. Honest homeowners were systematically targeted and actively misled into bad mortgage products. Loans were presented as gifts, but these Trojan horse loans hid destructive risk. "Disclosures" were acts of malice.
When Wall Street packaged these loans and sold deceptive "investments," documents did not specifically disclose that credit ratings were misleading. If you know or should know a car's gas tank will blow up, you cannot use a misleading third-party consumer report as an excuse. Yet bonus-seeking bankers used this sort of excuse to get through a few more highly-paid bonus cycles, before it all fell apart. Only the elite crowd of insiders prospered.*
This was the most massive Ponzi scheme in the history of the global capital markets. U.S. taxpayers became unwilling unsophisticated investors when we bailed out the financial system. We must hold Wall Street accountable for its fraud.
http://tinyurl.com/y9h7wt6
Foreclosure is generally a long process, with multiple filings as delinquent borrowers fall ever further behind. What is most ominous about the latest RealtyTrac numbers is that nearly 88,000 people had their homes repossessed in January, a 31 percent increase from a year ago. The big jump indicates that many foreclosures that were in process in 2009 are now beginning to move to repossession and, eventually, auction. With more than four million homes in that pipeline, the foreclosure crisis shows no sign of abating.
ReplyDeleteThe Year in Foreclosures
Worse, as The Times’s Peter Goodman recently reported, the Obama administration’s antiforeclosure plan (which pays cash incentives to mortgage companies that lower monthly payments for troubled borrowers) may be doing more harm than good for some borrowers.
http://www.nytimes.com/2010/02/15/opinion/15mon2.html