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Keyword: delinquent

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  • Freddie Mac sells off $305 million in seriously delinquent mortgages

    10/12/2015 7:22:01 AM PDT · by george76 · 17 replies
    Housing Wire ^ | October 9, 2015 | Ben Lane
    Completes seventh non-performing loan sale. Freddie Mac announced late Friday that it sold $305 million in seriously delinquent loans from its mortgage investment portfolio. The sale, which was initially announced last month, was completed via auction, with two pools containing 1,611 total loans being sold to a pair of buyers. According to Freddie Mac, these loans have been delinquent for approximately two years, on average. In its announcement, Freddie Mac said that given the deep delinquency status of the loans, the borrowers have likely been evaluated previously for or are already in various stages of loss mitigation, including modification or...

    05/23/2014 6:56:56 AM PDT · by shove_it · 17 replies
    AP/Drudge ^ | 22 May 2014 | ALAN FRAM
    WASHINGTON (AP) -- From workers in Congress and at the White House to active duty troops, more than 318,000 federal employees and retirees owe just over $3.3 billion in back taxes, the Internal Revenue Service said Thursday. That works out to nearly 3.3 percent of all 9.8 million federal workers and retirees who are behind on their taxes, which is significantly lower than the proportion of delinquent taxpayers in the overall population. The IRS said it estimates that to be at least 8.7 percent...
  • Juvenile Delinquent (5-second GIF)

    07/14/2012 9:41:53 AM PDT · by LibWhacker · 27 replies
  • This is What Hypocrisy Looks Like

    05/03/2012 2:38:29 PM PDT · by afraidfortherepublic · 5 replies
    Lasee's Notes ^ | 5-3-12 | WI State Sen. Frank Lasee
    Meet the recallers. They've developed a powerful antibody to shame. Over the next 29 days, state and local governments will pay $17 MILLION because the left didn’t get their way. It's a funny coincidence that some of the people that signed the recall petitions just happen to owe over $17 MILLION in back taxes and that's only part of the recall list! Have you ever had your lawn get away from you for a while? Maybe your kids have a dance recital or you have family coming into town and you just didn’t have the time to mow it? Eventually,...
  • Sen. Sherrod Brown was delinquent on taxes for his D.C. condo

    02/16/2012 8:57:16 PM PST · by rfp1234 · 13 replies
    WASHINGTON — Ohio Democratic U.S. Sen. Sherrod Brown was more than four months delinquent in paying taxes on his Washington, D.C., apartment and had to pay a penalty and interest last week. This was not the first time, records show. Brown also was delinquent in 2006 and 2007 and paid penalties and interest, according to tax records from the District of Columbia. "I was late," he said on a conference call with reporters when asked about the recent delinquency. "I misplaced the bill and I paid it as soon as I found out. I paid a penalty for being late,...
  • Biggest Defaulters on Mortgages Are the Rich (class warfare warning)

    07/10/2010 11:09:10 PM PDT · by jerry557 · 26 replies
    LOS ALTOS, Calif. — No need for tears, but the well-off are losing their master suites and saying goodbye to their wine cellars. The housing bust that began among the working class in remote subdivisions and quickly progressed to the suburban middle class is striking the upper class in privileged enclaves like this one in Silicon Valley. Whether it is their residence, a second home or a house bought as an investment, the rich have stopped paying the mortgage at a rate that greatly exceeds the rest of the population. More than one in seven homeowners with loans in excess...
  • Half of all loan modifications delinquent again within year

    06/23/2010 1:15:05 PM PDT · by Nachum · 21 replies · 1+ views
    cnn ^ | 6/23/10 | Tami Luhby
    NEW YORK ( -- More than half of all homeowners with modified mortgages fell at least two months behind in their payments a year after the adjustment was made, according to a federal report released Wednesday. However, the data also shows that modifications made in 2009, which emphasized reduced monthly payments, may perform better. Only 40.7% of loans modified in the second quarter last year were delinquent after nine months, compared to 51.6% of those adjusted at the end of 2008, according to the report, published by the Office of Thrift Supervision and Comptroller of the Currency.
  • 9% of all home loans are delinquent

    08/20/2009 10:18:20 AM PDT · by Signalman · 20 replies · 645+ views
    CnnMoney ^ | 8/20/2009 | Les Christie
    Mortgage lenders say the flood of foreclosures has not yet crested. Highwater mark should come this fall. NEW YORK ( -- The number of Americans who have fallen at least 30 days behind on their home loan payments inched up slightly between the first and second quarters of 2009, but jumped 44% compared on an annual basis, according to an industry report. That puts delinquencies at a record 9.24% of mortgages, according to the National Delinquency Report from the Mortgage Bankers Association (MBA) That represents more than 4 million of the 45 million borrowers covered by the report. What the...
  • Pennsylvania rocked by 'jailing kids for cash' scandal

    02/23/2009 7:49:25 AM PST · by Big_Monkey · 82 replies · 1,796+ views
    CNN | 02/23/09 | Stephanie Chen
    (CNN) -- At a friend's sleepover more than a year ago, 14-year-old Phillip Swartley pocketed change from unlocked vehicles in the neighborhood to buy chips and soft drinks. The cops caught him. Hillary Transue was 15 when she appeared before a judge, accused of mocking a principal on MySpace. Hillary Transue was 15 when she appeared before a judge, accused of mocking a principal on MySpace. Click to view previous image 1 of 3 Click to view next image There was no need for an attorney, said Phillip's mother, Amy Swartley, who thought at most, the judge would slap her...
  • Late with a payment? No wonder car won't start

    07/24/2005 12:17:06 PM PDT · by kingattax · 17 replies · 378+ views
    St Petersburg Times ^ | July 23, 2005 | JEAN HELLER
    A new device reminds drivers when a car payment is due. And if they don't pay up, they're not going anywhere.--- ST. PETERSBURG - One of life's cruel quirks got Amber Jumbelick into trouble. When the 23-year-old waitress had her first child, she began paying expenses by credit card. Then she lost her job and her ability to pay bills. Her credit tanked. "I needed a car, but my credit was so bad nobody would give me a loan," Jumbelick said. "I'm a waitress and a single mom with a baby boy. I don't have extra money to put away."...
  • What you will not be hearing Bush say tonight. (Aw, trollie, won't see him no more).

    02/02/2005 9:48:04 AM PST · by digdugfud · 157 replies · 14,934+ views
    The coming economic crisis. Unemployment. Health care for the poor. The almost 1,500 dead soldiers. The almost 100,000 dead Iraqis. Armstrong Williams and Maggie Gallagher. The Christian Conservative takeover of our nation. The missing 9 billion. The missing weapons of mass destruction. The impending invasion of Iran, and Syria. The total failure to protect us on 9-11.
  • Private Firms to Chase Delinquent Taxpayers

    12/05/2004 4:49:38 PM PST · by concretebob · 33 replies · 805+ views
    Washington Post ^ | 5 December 2004 | Dan Morgan and Albert B. Crenshaw
    When Reps. Shelley Moore Capito (R-W.Va.) and Chris Van Hollen (D-Md.) teamed up in September to get the House to pass an amendment blocking the use of private companies to collect back taxes from delinquent taxpayers, it seemed the Bush administration plan might be doomed for at least a year.
  • Teen Brings Wrong Bullets To Failed Store Robbery (heh!)

    01/22/2004 11:46:09 AM PST · by FreedomPoster · 30 replies · 193+ views
    WFTV in Orlando ^ | January 22, 2004 | WFTV
    DANIA BEACH, Fla. -- South Florida police say a teenager tried to rob a convenience store, but had the wrong bullets for his weapon. When customers saw the 16-year-old struggling to load the weapon, they took action and it was all caught on tape. Surveillance cameras inside the 7-Eleven store in Dania Beach show the 16-year-old walk in with his shirt over his head, holding a .22-caliber rifle. He pointed the rifle and the clerk, but then lowered it and began going through his pockets. "[He] remembers he forgot to load it. So he takes time out to reach in...
  • ‘Cyber Hall of Shame’ targets delinquent taxpayers (Colorado)

    03/27/2003 8:06:17 AM PST · by PatrioticAmerican · 28 replies · 375+ views
    Channel 9 News, Denver, Colorado ^ | 27 March 2003 | Adam Schrager
        ‘Cyber Hall of Shame’ targets delinquent taxpayers created: March 26, 2003 - 5:27 PM updated: March 27, 2003 - 5:50 AM 9NEWS Legislative Reporter Adam Schrager <!null CB> RELATED State of Louisiana latest delinquent taxpayer accounts Connecticut delinquent taxpayer list DENVER - Public shaming could soon be in store for Colorado's worst tax evaders. State lawmakers are debating a plan to publish the names and addresses on the Internet of those who owe the state of Colorado at least $20,000 in income taxes. Its sponsor calls House Bill 1210 a "Cyber Hall of Shame." 9NEWS Reporter Adam...
  • Lead Poisoning Linked To Deliquent Behaviour

    01/27/2003 7:25:21 PM PST · by blam · 22 replies · 307+ views
    IOL ^ | 1-27-2003
    Lead poisoning linked to delinquent behaviour January 27 2003 at 06:27AM Pittsburgh, Pennsylvania - Children exposed to lead have a much greater chance of developing delinquent behaviour, researchers say. Dr Herbert Needleman, of the University of Pittsburgh in the United States, examined 194 youths convicted in a juvenile court in Allegheny County, Pennsylvania, and compared them with 146 non-delinquents from high schools in Pittsburgh. He found the delinquent youths had significantly higher average concentrations of lead in their bones - 11 parts per million, compared with 1,5 ppm in the control group. The research, published in the journal Neurotoxicology and...