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POPSthe giant hole What this argument leaves out is Fannie and Freddie. The evil and greedy bankers (curiously intent on making loans that could not be repaid) were able to sell these loans to Fannie and Freddie. If there had not been these quasi-governmental corporations backing them they would not have been making loans and they would never have been capitalized. It may be true that there was a "giant hole" in the safety net, but the truck that drove through it was financed by the government's own creatures.
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POPSStress at Sowood? After the shut down of mortgage-laden hedge funds at UBS and Bear Stearns, Sowood, the $3 billion fund founded by the guys who used to run Harvard's endowment, seems to have having trouble finding buyers for some of its assets, prompting fears other funds and brokers will mark down their holdings and force an industry-wide fire sale. -- Liz Moyer
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POPSSisters Created a Successful Integrated Neighborhood In one instance in the early 1970s, Polsky recalled, a black clergyman wanted to sell. Every home on his block had been purchased by blacks, Polsky said. She and Melvin asked him to let them hold the house for a white buyer. "He got annoyed and said, 'You're asking me to discriminate against my own people.' I said, 'What we don't want is separation. We're asking you to help integrate the community,' " Polsky said. He agreed. "And so we broke that trend, and then black people came and white people came. Then it became an integrated block. That was our purpose, to integrate every bloc
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POPSThe Bernanke Bailout Boondoggle Announced this week is the number of re-financing on sub-prime loans and foreclosure should have been on everyone's mind. However, no one cares, as long as the stock market continues to climb higher. Giving those who have lost 50% of their 401k money, hoping for a rebound. Riddle me this? What has lost 55% and gained 45%, and still down 45% from the high? If you know the answer, you are well on your way to understanding the truth! The stock market is a game, if you don't know how to play by their rules, you will lose!
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POPSThe Debt Trap Our personal information is our own property and without our permission cannot be used in any way. Isn't that simple? So THEY possess and use property stolen from us for THEIR own advantage. Isn't this a crime? More, they got us in trouble, debt trouble with our property. To get rip us off more and more. How long it can last?
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POPSMortgage woes help some traditional banks Some old fashioned banks are seeing the silver lining to the current mortgage mess. More customers looking for plain vanilla loans are returning to their local banks rather than finance through the likes of Coutrywide Financia or other mortgage specialists. - Tom Van Riper
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POPSAmerican Casino: A Documentary About the Home-Mortgage Crisis more @ clip source the Cockburns meet one guy in "American Casino" who understands the whole mess better than most, a California real estate investor named Jeff Greene who smelled the end of the housing bubble around 2006 and bet $1 billion against the mid-decade exuberance of Wall Street. Sitting in his walled and gated beach compound in Malibu, Greene calmly tells the camera that the opportunity for his successful hedge bet (which has yielded $500 million so far) involved massive pain for millions of homeowners.
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POPSMcCain's Treasury Sec. pick tied to Subprime Meltdown More: For his work, Gramm and two other lobbyists collected $750,000 in fees from UBS’s American subsidiary. Wall Street firms are increasingly under scrutiny for contributing to the economic downturn by packaging and selling risky mortgage securities. When the home loans tied to the mortgages defaulted, investors and the banks lost billions, contributing to a widespread credit crunch. UBS has written down more then $18 billion in exposure to subprime loans and other risky securities and is considering cutting as many as 8,000 job Now, some housing experts and economists see Gramm’s thinking in the recent housing proposal from McCain, the Republican Party’s presumed presidential nominee. Gramm is often a surrogate for the Arizona senator, particularly in meetings focused on the economy. And McCain has hinted he’d consider the former Texas senator for Treasury secretary in a McCain administration.
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POPSLoan officers @ WaMu pressured to approve loans "No matter what" This is what people mean by "predatory lending". The whole industry went out looking for people who didn't qualify to give loans to. At the same time, they helped rewrite the bankruptcy laws to make it harder for people to get out from under crushing debt. See also: - In Debt We Trust - Where Does Money Come From?
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POPSWHO DUNNIT???THIS MEGA CRISIS Summary of facts of who did what, where and why. Enough blame to go around and it begs the question? WHO COULD REALLY IMPLEMENT CHANGE?????
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POPSNightmare Mortgages "After prolonging the boom, these exotic mortgages could worsen the bust. They also betray such a lack of due diligence on the part of lenders and borrowers that it raises questions of what other problems may be lurking. And most of the pain will be borne by ordinary people, not the lenders, brokers, or financiers who created the problem."
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POPSProsperity Gospel Prosperity Gospel rooted in postmillenialism, American expansion, black culture? How about simple human greed!
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POPSHome Loan Finders / Best Home Loan Online We will find you the best home loan tailored to your needs. Our online home loan application tool provides a quick and easy way to find the best home loan, refinancing or detbt consolidation options.
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POPSOntario Real Estate Agent Real Estate Locators is the leading online destination for more home buyers and sellers to find Realtors. Our targeted real estate agent directory makes it quick and easy for you to work with local real estate agents.
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POPSReal Estate Investing Skills foreclosures are really competitive because not only investors are mailing them, but also mortgage brokers, and bankruptcy attorneys. And they all use the same list. The way to be successful is to get a jump on your competitors and get access to the homeowners before they appear on the list. It works wonders. Suddenly you start making money
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