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POPSFannie & Freddie NOT included in Obama's Financial Regulations In analyzing the mortgage crisis, economist Walter E. Williams has written: “Starting with the Community Reinvestment Act of 1977, that was given more teeth during the Clinton administration, Congress started intimidating banks and other financial institutions into making loans, so-called sub-prime loans, to high-risk homebuyers and businesses. “The carrot offered was that these high-risk loans would be purchased by the government-sponsored enterprises Fannie Mae and Freddie Mac. Anyone with an ounce of brains would have known that this was a prescription for disaster but there was a congressional chorus of denial,” he added. “The financial collapse of Fannie Mae and Freddie Mac is not a failure of the free market because lending institutions in a free market would not have taken on the high-risk loans,” said Williams. “They were forced to by the heavy hand of government.”
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POPSLogbook Loans: Effective And Feasible Financial Solution Have less finance to cope with several important needs? Want to access funds for your needs? At such time, a logbook against your name will help you to fetch adequate financial support. The logbook loans are the loans that can be obtained against your vehicle.
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POPSBank of England holds Base Rate The Bank of England (BoE) has maintained interest rates at 0.5% for the eighth consecutive month. It is also pumping a further £25bn into its quantitative easing programme. Neil Young, chief executive of Young Group, said the Monetary Policy Committee (MPC) is unlikely to make any significant change to the base rate until the economy is firmly back on track.
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POPSGoldman Sucks’ new role: Taking Your Homes The couple alleges that Goldman declined for three years to confirm their suspicions that it had bought their mortgages from a subprime lender, even after they wrote to Goldman’s then-Chief Executive Henry Paulson — later U.S. Treasury secretary — in 2003. Unable to identify a lender, the couple could neither capitalize on a mortgage hardship provision that would allow them to defer some payments, nor on a state law enabling them to offset their debt against separate, investment-related claims against Goldman. In July, the Beckers won a David-and-Goliath struggle when Goldman subsidiary MTGLQ Investors dropped its bid to seize their house. By then, the college-educated couple had been reduced to shopping for canned goods at flea markets and selling used ceramic glass. Theirs is an infrequent happy ending among the hundreds of cases...
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POPSBank can't prove it owns the mortgage, Judge writes off $460k debt This is why Rep. Kaptur was telling people facing eviction to squat in their own homes , refuse to be evicted, and make the bank demonstrate in court that the debt is legitimate . Possession is 9/10 of the law. I predict that this is the first tremble of a massive shock-wave about to move through our economy.
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POPSTax Foreclosure Sales Secrets http://buyfirstdeal.com Tax Foreclosure Sales Secrets. Tax foreclosure sales can be one of the best source of foreclosure properties that you can use. There are several secrets that you can use to be successful at using this technique as well as other methods of acquiring foreclosed properties like through banks. Visit us and register for FREE at http://buyfirstdeal.com to find out more!
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POPSHow To Buy Foreclosed Homes / VIDILIFE http://buyfirstdeal.com How To Buy Foreclosed Homes. If you want to buy foreclosed homes, a good suggestion that I can give you is to look for a seasoned property wholesaler. He has a huge list of prospective properties that you can potentially buy with as low as 70% of the property's value. That's a good bargain for you as you will get the property at a very low price. If you want to learn more on how to buy foreclosed homes, join our group of people interested to buy foreclosed homes for FREE at http://buyfirstdeal.com