Mortgage and Debts News

Housing Remains a Buyer’s Market – Marina del Rey Real Estate – MDR Condos

A majority of Americans recently surveyed say now is a good time to buy a home. That’s no surprise, given that record-low mortgage interest rates and bargain home prices are boosting affordability.

Numerous house owners getting close to retirement find relief in reverse mortgage loans.

The information regarding reverse home loan gave me an idea on the way to secure my family when I live and retire.

Mortgage applications jump 4.5% in the first week of Jan 2012 | florida-property-direct.com

In the first week of Jan 2012 new mortgage applications increased by 4.5% according to the Mortgage Bankers Association. This shows us the purchase index as over 40% higher then the same period last year.

The way to know when you have the right mortgage loan for your needs.

The actual recommendations on this post helped me to find the best mortgage loan for me and my family.

Reducing the economic problems associated with retirement with reverse mortgage loan.

A good post about reverese mortgage loan, the topic was easy and easy making it easy to understand.

Faulty reasoning keeps Fannie and Freddie out of foreclosure deal

You can love or you can hate the recent $25-billion federal-state mortgage foreclosure settlement, but there’s no getting around one simple fact: There’s a huge, gaping hole right in the middle of it.

Federal Regulators Extend Deadline for Homeowners to have Mortgage Cases Reviewed

Foreclosure | Foreclosure News

Wisconsin: Barrett ably challenges Walker abuse

Gov. Scott Walker never fails to disappoint. So it should not have come as much of a surprise that Walker would steal, er, divert $26 million in funding that was supposed to aid Wisconsin victims of the mortgage meltdown.
Walker, who engineered massive tax cuts for out-of-state corporations in the first weeks of his governorship, is now taking money from some of the hardest-hit families and neighborhoods in Wisconsin to pay for those tax breaks. At the same time, he is touring the United States to collect campaign contributions from CEOs and millionaires.

Lender Paid Mortgage Insurance HARP Refinance

Ask Kate about Lender Paid Mortgage Insurance HARP Refinance: Hi Kate, We have lender paid mortgage insurance (LPMI). We would like to refinance under

Mortgage rates scraping the bottom – CBS News

Although home loan costs remain near record lows, many would-be homeowners seem to be waiting for rates to fall even more

Housing Remains a Buyer’s Market – Marina del Rey Real Estate – MDR Condos

A majority of Americans recently surveyed say now is a good time to buy a home. That’s no surprise, given that record-low mortgage interest rates and bargain home prices are boosting affordability.

Numerous house owners getting close to retirement find relief in reverse mortgage loans.

The information regarding reverse home loan gave me an idea on the way to secure my family when I live and retire.

Mortgage applications jump 4.5% in the first week of Jan 2012 | florida-property-direct.com

In the first week of Jan 2012 new mortgage applications increased by 4.5% according to the Mortgage Bankers Association. This shows us the purchase index as over 40% higher then the same period last year.

The way to know when you have the right mortgage loan for your needs.

The actual recommendations on this post helped me to find the best mortgage loan for me and my family.

Reducing the economic problems associated with retirement with reverse mortgage loan.

A good post about reverese mortgage loan, the topic was easy and easy making it easy to understand.

Faulty reasoning keeps Fannie and Freddie out of foreclosure deal

You can love or you can hate the recent $25-billion federal-state mortgage foreclosure settlement, but there’s no getting around one simple fact: There’s a huge, gaping hole right in the middle of it.

Federal Regulators Extend Deadline for Homeowners to have Mortgage Cases Reviewed

Foreclosure | Foreclosure News

Wisconsin: Barrett ably challenges Walker abuse

Gov. Scott Walker never fails to disappoint. So it should not have come as much of a surprise that Walker would steal, er, divert $26 million in funding that was supposed to aid Wisconsin victims of the mortgage meltdown.
Walker, who engineered massive tax cuts for out-of-state corporations in the first weeks of his governorship, is now taking money from some of the hardest-hit families and neighborhoods in Wisconsin to pay for those tax breaks. At the same time, he is touring the United States to collect campaign contributions from CEOs and millionaires.

Lender Paid Mortgage Insurance HARP Refinance

Ask Kate about Lender Paid Mortgage Insurance HARP Refinance: Hi Kate, We have lender paid mortgage insurance (LPMI). We would like to refinance under

Mortgage rates scraping the bottom – CBS News

Although home loan costs remain near record lows, many would-be homeowners seem to be waiting for rates to fall even more

Most of Romney’s top fund-raisers remain anonymous

Republican Mitt Romney has criticized Fannie Mae, but his presidential campaign accepted nearly $280,000 raised by a registered lobbyist who once represented the government mortgage giant.

Mortgage applications jump 4.5% in the first week of Jan 2012 | florida-property-direct.com

In the first week of Jan 2012 new mortgage applications increased by 4.5% according to the Mortgage Bankers Association. This shows us the purchase index as over 40% higher then the same period last year.

Faulty reasoning keeps Fannie and Freddie out of foreclosure deal

You can love or you can hate the recent $25-billion federal-state mortgage foreclosure settlement, but there’s no getting around one simple fact: There’s a huge, gaping hole right in the middle of it.

Federal Regulators Extend Deadline for Homeowners to have Mortgage Cases Reviewed

Foreclosure | Foreclosure News

Should You Walk Away from Your Home?

The mortgage crisis continues in full force, with many families in San Diego and all over the nation losing their homes to foreclosure.

loan servicing software: mortgage care loan software

A Seamless Family of Loan Origination (LOS), Doc Prep, and Loan Servicing Software Products

Irish Jobs Plan 2012: Action Plan to target 100,000 new jobs; Change of mindset key – - not new incentives/ schemes

Irish/Ireland Business News, Internationa, Global, World, European Union, Financial Information – Irish Finance and Business Portal – providing Irish, European and global market information including mortgages, pensions, investment, property

The Top Twelve Reasons Why You Should Hate The Mortgage Settlement

Tweet As readers may know by now, 49 of 50 states have agreed to join the so-called mortgage settlement, with Oklahoma the lone refusenik. Although the fine points are still being hammered out, various news outlets (New York Times, Financial Times, Wall Street Journal) have details, with Dave Dayen’s overview at Firedoglake the best thus far. The Wall Street Journal is also reporting that the SEC is about to launch some securities litigation against major banks. Since the statue of limitations has already run out on securities filings more than five years old, this means they’ll clip the b

Mortgage Settlement Will Plunge Real Estate Values | Greg Hunter’s USAWatchdog

By Greg Hunter’s USAWatchdog.com It is official. State and federal governments have condoned forgery, perjury and fraud in what’s been called the

Everyone of Every Age is Renting

“Home, sweet home” means a mortgage payment less and less often these days.

Despite historically low home prices, Americans are renting in greater numbers than ever. Nationally, the trend reflects an unstable housing market while many are choosing to rent.

loan servicing software: mortgage care loan software

A Seamless Family of Loan Origination (LOS), Doc Prep, and Loan Servicing Software Products

Obama Delivers Redistribution Of Wealth With Mortgage Relief Plan

The mortgage relief plan, which is due to be signed today, is a clear case of redistribution of wealth that Obama promised during his campaign.

Most of Romney’s top fundraisers remain anonymous

Despite criticism of Fannie Mae by Republican presidential candidate Mitt Romney, his campaign accepted nearly $280,000 in donations raised by a registered lobbyist who once represented the government mortgage giant and whose clients now include a private equity firm and the drug company Pfizer.

Should You Walk Away from Your Home?

The mortgage crisis continues in full force, with many families in San Diego and all over the nation losing their homes to foreclosure.

Kamala Harris has key role in mortgage settlement

There were two people without whom the $26 billion mortgage settlement would not have been done. One is the attorney general of California. The other is the president of Wells Fargo ‘s home mortgage division. Four…

Irish Jobs Plan 2012: Action Plan to target 100,000 new jobs; Change of mindset key – - not new incentives/ schemes

Irish/Ireland Business News, Internationa, Global, World, European Union, Financial Information – Irish Finance and Business Portal – providing Irish, European and global market information including mortgages, pensions, investment, property

The Top Twelve Reasons Why You Should Hate The Mortgage Settlement

Tweet As readers may know by now, 49 of 50 states have agreed to join the so-called mortgage settlement, with Oklahoma the lone refusenik. Although the fine points are still being hammered out, various news outlets (New York Times, Financial Times, Wall Street Journal) have details, with Dave Dayen’s overview at Firedoglake the best thus far. The Wall Street Journal is also reporting that the SEC is about to launch some securities litigation against major banks. Since the statue of limitations has already run out on securities filings more than five years old, this means they’ll clip the b

Everyone of Every Age is Renting

“Home, sweet home” means a mortgage payment less and less often these days.

Despite historically low home prices, Americans are renting in greater numbers than ever. Nationally, the trend reflects an unstable housing market while many are choosing to rent.

Missouri Becomes Second State To Divert Foreclosure Funds Away From Homeowners To Balance Its Budget

Though specific terms of the settlement have not been released, states have been given significant leeway on how to spend the money from it. According to the National Mortgage Settlement website, however, the money is supposed to “help fund consumer protection and state foreclosure protection efforts.” The full $26 billion, though, is already woefully short of what is needed to ameliorate the nation’s housing crisis, and diverting funds from it to other problems will only exacerbate that fact.

HOUSING: President’s Budget Would Increase Taxpayer Losses on TARP

Obama’s fiscal 2013 budget proposal touts the administration’s recent long-shot mortgage refinancing proposal and says the White House’s increased emphasis on the housing crisis will lead to larger taxpayer losses from a 2008 emergency bailout fund.

Citibank May Have Double-Charged Customers Using Its Bill-Pay App

Whoopsadaisy! Citigroup has accidentally been charging many customers more than what they owe for months, with some of them not even realizing it was going on until the bank sent out a notification. Cit’s bill-pay app for iPads was the culprit in many cases, charging customers twice what they owed for bills or mortgage payments. The New York Times says the bug started in the iPad app around July but wasn’t detected until December, after consumers’ complaints about payments being off. Other mobile applications and the online bill payment system weren’t affected, says Citi.

Obama Delivers Redistribution Of Wealth With Mortgage Relief Plan

The mortgage relief plan, which is due to be signed today, is a clear case of redistribution of wealth that Obama promised during his campaign.

Most of Romney’s top fundraisers remain anonymous

Despite criticism of Fannie Mae by Republican presidential candidate Mitt Romney, his campaign accepted nearly $280,000 in donations raised by a registered lobbyist who once represented the government mortgage giant and whose clients now include a private equity firm and the drug company Pfizer.

Where’s the Compensation for Victims in the Mortgage Settlement?

After reading the few details provided on the mortgage settlement, it could be easy to forget that this whole thing was supposed to be about compensating families who lost their homes to foreclosure due to

Top 12 Things Wrong With the Mortgage Settlement

49 states have agreed to join the major letdown of a mortgage settlement.

Kamala Harris has key role in mortgage settlement

There were two people without whom the $26 billion mortgage settlement would not have been done. One is the attorney general of California. The other is the president of Wells Fargo ‘s home mortgage division. Four…

Change in interest rate after locking

Ask Kate about change in interest rate after locking (aka home appraisal value squashes mortgage rate lock agreement): Hi Kate, I locked in our mortgage

This Is No Bailout for Main Street America | Truthout

In reality, a $25bn mortgage deal with banks is a drop in the ocean – given US homeowners’ $700bn of negative equity.

Missouri Becomes Second State To Divert Foreclosure Funds Away From Homeowners To Balance Its Budget

Though specific terms of the settlement have not been released, states have been given significant leeway on how to spend the money from it. According to the National Mortgage Settlement website, however, the money is supposed to “help fund consumer protection and state foreclosure protection efforts.” The full $26 billion, though, is already woefully short of what is needed to ameliorate the nation’s housing crisis, and diverting funds from it to other problems will only exacerbate that fact.

HOUSING: President’s Budget Would Increase Taxpayer Losses on TARP

Obama’s fiscal 2013 budget proposal touts the administration’s recent long-shot mortgage refinancing proposal and says the White House’s increased emphasis on the housing crisis will lead to larger taxpayer losses from a 2008 emergency bailout fund.

This Is No Bailout for Main Street America | Truthout

In reality, a $25bn mortgage deal with banks is a drop in the ocean – given US homeowners’ $700bn of negative equity.

Citibank May Have Double-Charged Customers Using Its Bill-Pay App

Whoopsadaisy! Citigroup has accidentally been charging many customers more than what they owe for months, with some of them not even realizing it was going on until the bank sent out a notification. Cit’s bill-pay app for iPads was the culprit in many cases, charging customers twice what they owed for bills or mortgage payments. The New York Times says the bug started in the iPad app around July but wasn’t detected until December, after consumers’ complaints about payments being off. Other mobile applications and the online bill payment system weren’t affected, says Citi.

Top 12 Things Wrong With the Mortgage Settlement

49 states have agreed to join the major letdown of a mortgage settlement.

Where’s the Compensation for Victims in the Mortgage Settlement?

After reading the few details provided on the mortgage settlement, it could be easy to forget that this whole thing was supposed to be about compensating families who lost their homes to foreclosure due to

Banks Not Off Hook With $25B Mortgage Agreement

U.S. lenders including Bank of America Corp. still face years of litigation and billions of dollars in liabilities tied to the housing collapse after agreeing to settle a probe of abusive foreclosure practices.

Goldman Sachs Stopped By To Pick Up Some Things AIG Was Holding On To For It

There’s a juicy pile of something going on over on Maiden Lane. Once upon a time, Goldman Sachs murdered AIG and stuffed its corpse with tons of shall we say “troubled” residential mortgage-backed securities.

Taibbi: Mortgage Fraud Settlement Is More Like a Bailout Than Justice

On Thursday, Rolling Stone writer Matt Taibbi joined guest host Sam Seder on Current TV’s Countdown with Keith Olbermann to explain why he went from optimistic to disappointed by the $26 billion settlement to be paid to victims of robo-signing and other foreclosure fraud.

Settlement doesn’t end all mortgage-related problems for banks

US: 49 states have settled an agreement with five major banks that gives the financial giants immunity from future complaints about their loan and foreclosure practices. Individual and class-action suits may still be filed for fraudulent marketing of mislabeled investments.

A nationwide settlement on foreclosure practices has ended one headache for the banks involved, but there are signs that it is only the beginning of many others.

Buffett Stands to Profit Handsomely From Mortgage Abuse Settlement

It appears that billionaire Warren Buffett will again profit from a major decision made by the White House. “Warren Buffett’s stake in Bank of America Corp. increased in value by $154 million after President Obama and the U.S. Justice Department announced a $25 billion foreclosure abuse settlement with the five largest U.S. banks Thursday,” Patrick [...]

Change in interest rate after locking

Ask Kate about change in interest rate after locking (aka home appraisal value squashes mortgage rate lock agreement): Hi Kate, I locked in our mortgage

Mortgage deal means more foreclosures

$26 billion mortgage settlement between states, feds and major lenders should bring relief for many troubled homeowners, but end of complex negotiations will also increase foreclosures that had been stuck in limbo during talks.

Looking for a Credit Card for People with No Credit

Not having a credit history can affect your eligibility for credit cards and mortgage loans. When you don’t have a credit history to show, it can be a difficult task trying to get approved for any type of credit…

U.S. banks agree to $25 billion in homeowner help

WASHINGTON (Reuters) – Five big U.S. banks accused of abusive mortgage practices have agreed to a $25 billion government settlement that may help roughly one million borrowers but is no magic bullet for

» Mortgage ‘Settlement’ Is a Bailout for California

Banks Not Off Hook With $25B Mortgage Agreement

U.S. lenders including Bank of America Corp. still face years of litigation and billions of dollars in liabilities tied to the housing collapse after agreeing to settle a probe of abusive foreclosure practices.

Gov. Scott Walker To Use Foreclosure Settlement Money To Balance His Budget, Not Help Homeowners

Yesterday, 49 states joined the federal government in announcing a $26 billion settlement with five of the nation’s biggest banks over the banks’ foreclosure fraud abuses. The money from the settlement is meant to aid homeowners who lost their homes to foreclosure or who find themselves underwater, meaning they owe more on their mortgage than [...]

Goldman Sachs Stopped By To Pick Up Some Things AIG Was Holding On To For It

There’s a juicy pile of something going on over on Maiden Lane. Once upon a time, Goldman Sachs murdered AIG and stuffed its corpse with tons of shall we say “troubled” residential mortgage-backed securities.

Buffett Stands to Profit Handsomely From Mortgage Abuse Settlement

It appears that billionaire Warren Buffett will again profit from a major decision made by the White House. “Warren Buffett’s stake in Bank of America Corp. increased in value by $154 million after President Obama and the U.S. Justice Department announced a $25 billion foreclosure abuse settlement with the five largest U.S. banks Thursday,” Patrick [...]

The Top Twelve Reasons Why You Should Hate the Mortgage Settlement

The various news services are touting this pact at the biggest multi-state settlement since the tobacco deal in 1998. While narrowly accurate, this deal is bush league by comparison even though the underlying abuses in both cases have had devastating consequences.

Walker Shorts Wisconsinites, Gives Majority of Mortgage Settlement to State budget

Governor Scott Walker (Koch-R) has been sharply critical in the past of using so-called “one-time” money from legal settlements to balance the state budget — now he defends his own use of Wisconsin’s share of a national settlement over foreclosure and mortgage servicing abuses — to help the state budget, instead of troubled homeowners.

Crony Socialism: Obama’s re-fi scam is a smokescreen for another bankster bailout

Author and former OMB director David Stockman sits down with the Daily Ticker to explain Obama’s latest election year scheme to give re-fi’s to select underwater mortgage holders. It’s nothing but another bailout for JP Morgan

Looking for a Credit Card for People with No Credit

Not having a credit history can affect your eligibility for credit cards and mortgage loans. When you don’t have a credit history to show, it can be a difficult task trying to get approved for any type of credit…

The Top Twelve Reasons Why You Should Hate the Mortgage Settlement

The various news services are touting this pact at the biggest multi-state settlement since the tobacco deal in 1998. While narrowly accurate, this deal is bush league by comparison even though the underlying abuses in both cases have had devastating consequences.

U.S. banks agree to $25 billion in homeowner help

WASHINGTON (Reuters) – Five big U.S. banks accused of abusive mortgage practices have agreed to a $25 billion government settlement that may help roughly one million borrowers but is no magic bullet for

» Mortgage ‘Settlement’ Is a Bailout for California

Gov. Scott Walker To Use Foreclosure Settlement Money To Balance His Budget, Not Help Homeowners

Yesterday, 49 states joined the federal government in announcing a $26 billion settlement with five of the nation’s biggest banks over the banks’ foreclosure fraud abuses. The money from the settlement is meant to aid homeowners who lost their homes to foreclosure or who find themselves underwater, meaning they owe more on their mortgage than [...]

International Women’s Day 2012: Call to Action

Women make up 51% of the world’s population but 70% of the world’s poor.

We perform 66 percent of the world’s work, produce 50 percent of the food, but earn 10 percent of the income and own less than 1 percent of the world’s property.

While our work remains unpaid, underpaid and undervalued, making us invisible to economic indicators and ineligible for the rewards reaped by the most “productive” members of society, we have become the prime targets of predatory bank policies and economic collapse. Women are 32 percent more likely than men to receive sub‑prime mortgages and Lati

Dick Bove On The Foreclosure Settlement: There Is No Sanctity Of Contracts; Only Fools Meet Their Financial Commitments

mortgage deal from hell – There is no sanctity of contracts in the United States. Only fools meet their financial commitments. The non-payers are the truly enlightened – Those people lucky or smart enough to stop making payments on their homes get their loan balances reduced… no longer will anyone in America honor anything printed and signed

Walker Shorts Wisconsinites, Gives Majority of Mortgage Settlement to State budget

Governor Scott Walker (Koch-R) has been sharply critical in the past of using so-called “one-time” money from legal settlements to balance the state budget — now he defends his own use of Wisconsin’s share of a national settlement over foreclosure and mortgage servicing abuses — to help the state budget, instead of troubled homeowners.

States Negotiate $25 Billion Deal for Homeowners

More than two million Americans could benefit from mortgage relief from the nation’s biggest banks, as part of a broad government settlement to be announced as early as Thursday.

Crony Socialism: Obama’s re-fi scam is a smokescreen for another bankster bailout

Author and former OMB director David Stockman sits down with the Daily Ticker to explain Obama’s latest election year scheme to give re-fi’s to select underwater mortgage holders. It’s nothing but another bailout for JP Morgan

In DocX Case, Robo-Signing Forgery Charge Hits Top Executive

For the first time since the start of the robo-signing crisis, a senior executive has been indicted on criminal charges of forgery and faces jail. The forgery charges against a mortgage processing executive come as the nation’s largest banks attempt to close the books on a civil investigation into widespread document fraud and could spark further federal criminal cases.

$26B Mortgage Settlement: Good for Banks, Not So Good for Homeowners

Follow Yahoo!’s The Daily Ticker on Facebook here! After months of wrangling, the long-awaited foreclosure settlement between the government and the banks appears to be at hand. A $26 billion settlement was announced Thursday morning between the federal government, state attorneys general and the five biggest banks in the mortgage market: Ally Financial (the old [...]

Banking, Housing and Mortgages

Negotium Business Article Series from BREAKING ALL THE RULES. BATR also publishes SARTRE Commentary on Inherent Autonomy, Global Gulag, Totalitarian Collectivism, Radical Reactionary, View from Mount,

Mortgage Underwriter jobs

Adecco USA, a leading recruitment and workforce solutions provider, offers job seekers access to more jobs from coast to coast than anyone else. From mortgage related jobs to medical jobs, Adecco has a career waiting for you.

Obama forces banks to pay settlement to mortgage holders

WASHINGTON (AP) – U.S. states reached a landmark $25 billion deal Thursday with the nation’s biggest mortgage lenders over foreclosure abuses that occurred after the housing bubble burst.

The deal requires five of the largest banks to reduce …

International Women’s Day 2012: Call to Action

Women make up 51% of the world’s population but 70% of the world’s poor.

We perform 66 percent of the world’s work, produce 50 percent of the food, but earn 10 percent of the income and own less than 1 percent of the world’s property.

While our work remains unpaid, underpaid and undervalued, making us invisible to economic indicators and ineligible for the rewards reaped by the most “productive” members of society, we have become the prime targets of predatory bank policies and economic collapse. Women are 32 percent more likely than men to receive sub‑prime mortgages and Lati

Dick Bove On The Foreclosure Settlement: There Is No Sanctity Of Contracts; Only Fools Meet Their Financial Commitments

mortgage deal from hell – There is no sanctity of contracts in the United States. Only fools meet their financial commitments. The non-payers are the truly enlightened – Those people lucky or smart enough to stop making payments on their homes get their loan balances reduced… no longer will anyone in America honor anything printed and signed

States Negotiate $25 Billion Deal for Homeowners

More than two million Americans could benefit from mortgage relief from the nation’s biggest banks, as part of a broad government settlement to be announced as early as Thursday.

Big states set to make mortgage deal real

Regulators, banks and states attorneys general are hoping to wrap up a possible mortgage settlement deal to help homeowners by this week.

Crony Socialism: Obama’s re-fi scam is a smokescreen for another bankster bailout

Author and former OMB director David Stockman sits down with the Daily Ticker to explain Obama’s latest election year scheme to give re-fi’s to select underwater mortgage holders. It’s nothing but another bailout for JP Morgan

In DocX Case, Robo-Signing Forgery Charge Hits Top Executive

For the first time since the start of the robo-signing crisis, a senior executive has been indicted on criminal charges of forgery and faces jail. The forgery charges against a mortgage processing executive come as the nation’s largest banks attempt to close the books on a civil investigation into widespread document fraud and could spark further federal criminal cases.

Banking, Housing and Mortgages

Negotium Business Article Series from BREAKING ALL THE RULES. BATR also publishes SARTRE Commentary on Inherent Autonomy, Global Gulag, Totalitarian Collectivism, Radical Reactionary, View from Mount,

$26B Mortgage Settlement: Good for Banks, Not So Good for Homeowners

Follow Yahoo!’s The Daily Ticker on Facebook here! After months of wrangling, the long-awaited foreclosure settlement between the government and the banks appears to be at hand. A $26 billion settlement was announced Thursday morning between the federal government, state attorneys general and the five biggest banks in the mortgage market: Ally Financial (the old [...]

Mortgage Underwriter jobs

Adecco USA, a leading recruitment and workforce solutions provider, offers job seekers access to more jobs from coast to coast than anyone else. From mortgage related jobs to medical jobs, Adecco has a career waiting for you.

Obama forces banks to pay settlement to mortgage holders

WASHINGTON (AP) – U.S. states reached a landmark $25 billion deal Thursday with the nation’s biggest mortgage lenders over foreclosure abuses that occurred after the housing bubble burst.

The deal requires five of the largest banks to reduce …

International Women’s Day 2012: Call to Action

Women make up 51% of the world’s population but 70% of the world’s poor.

We perform 66 percent of the world’s work, produce 50 percent of the food, but earn 10 percent of the income and own less than 1 percent of the world’s property.

While our work remains unpaid, underpaid and undervalued, making us invisible to economic indicators and ineligible for the rewards reaped by the most “productive” members of society, we have become the prime targets of predatory bank policies and economic collapse. Women are 32 percent more likely than men to receive sub‑prime mortgages and Lati

Dick Bove On The Foreclosure Settlement: There Is No Sanctity Of Contracts; Only Fools Meet Their Financial Commitments

mortgage deal from hell – There is no sanctity of contracts in the United States. Only fools meet their financial commitments. The non-payers are the truly enlightened – Those people lucky or smart enough to stop making payments on their homes get their loan balances reduced… no longer will anyone in America honor anything printed and signed

States Negotiate $25 Billion Deal for Homeowners

More than two million Americans could benefit from mortgage relief from the nation’s biggest banks, as part of a broad government settlement to be announced as early as Thursday.

Big states set to make mortgage deal real

Regulators, banks and states attorneys general are hoping to wrap up a possible mortgage settlement deal to help homeowners by this week.