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Demolition: Four years into this city’s housing crisis, it has often become cheaper for banks to give away a home and pay to demolish it than continue to hold on. And places across the country are watching. Click on the image to enlarge. Brady Dennis The Washington Post 10/12/2011 Cleveland — The sight […] October 13th, 2011 | Tags: Bank of America, churches, foreclosures, hospitals, JP Morgan Chase, land banks, Wells Fargo | Category: Banking and finance, Economy, Fannie Mae, Freddie Mac, Georgia, Illinois, Maryland, Michigan, New York, Ohio, Pennsylvania, Taxes, Wisconsin | Comments are closed
Mike “Mish” Shedlock Global Economic Trend Analysis Business Insider 3/26/2011 The Financial Times reports US Banks in ‘Cash for Keys’ Foreclosure Talks The five biggest US mortgage servicers were told this week at a private meeting with regulators to consider paying delinquent borrowers up to $21,000 each as part of a broader settlement of the […] March 28th, 2011 | Tags: Bank of America, Consumer Financial Protection Bureau (CFPB), FDIC, foreclosures, housing crisis, JP Morgan Chase, mortgages, Sheila Bair, Wells Fargo | Category: banking regulations, Barack Obama, Cloward-Piven Strategy, Department of Justice, Fascism, federal regulations, Progressives, Socialism, Taxes, Treasury Department | Comments are closed
Jim Angle FoxNews.com 11/15/2010 When you see a foreclosure sign, chances are good that you, as a taxpayer, are on the hook for the costs involved because Congress has its very own money pit — federal guarantees of mortgages gone bad. And the official estimates for the damage put it at more than $300 billion. […] November 15th, 2010 | Tags: conservatorship, foreclosures | Category: Fannie Mae, Freddie Mac, Taxes | Comments are closed
22 September 2010 H/T Read My Lipstick Network Vote! September 22nd, 2010 | Tags: foreclosures, national debt, November 2010 | Category: Barack Obama, Elections, unemployment, Video | Comments are closed
Meena Thiruvengadam Dow Jones Newswires via FoxBusiness.com 9/1/2010 WASHINGTON -(Dow Jones)- The U.S. Housing and Urban Development department plans to partner with mortgage lenders to offer state and local governments and nonprofits a chance to buy bank-owned properties before they’re offered to private investors. “Local communities will now get an exclusive option to buy foreclosed […] September 2nd, 2010 | Tags: foreclosures, Neighborhood Stabilization Program (NSP), Shaun Donovan | Category: Banking and finance, Department of Housing and Urban Development, Economy, Fannie Mae, Federal Housing Administration, First Look, Freddie Mac, Socialism, Taxes | Comments are closed
David Mildenberg Bloomberg.com 6/23/2010 Bank of America Corp., the second- largest U.S. home lender, added 2,000 employees since April to work with borrowers having trouble paying their mortgages, a senior executive said. The lender now has more than 18,000 workers in “default management,” a 60 percent increase since January 2009, Barbara Desoer, president of Bank […] June 24th, 2010 | Tags: Bank of America, foreclosures, mortgages | Category: Banking and finance, Economy, Fannie Mae, Freddie Mac | Comments are closed
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