Free Republic 2nd Quarter Fundraising Target: $85,000 Receipts & Pledges to-date: $21,494
25%  
Woo hoo!! And the first 25% is in!! Thank you all very much!!

Keyword: housingmeltdown

Brevity: Headers | « Text »
  • Retiring Barney Frank's Fannie Conection and Backdoor Bailouts

    12/01/2011 5:49:43 PM PST · by joeclarke · 12 replies
    JoeClarke.Net ^ | 01/12/2011 | JoeClarke.Net
    Barney Frank's legacy will not include the prostitution ring that took place at his Washington D.C. townhouse in 1989, without his knowing, according to Barney. He was reprimanded by the House of Representatives in 1990, but Massachusetts, the home of American witchcraft, reelected him - too many times. Barney Frank's legacy will not be that he was the first "Out" gay to become part of the United States Congress. Frank will also not be known, either as the brother of Clinton wonk Ann Lewis, nor for his stammering and stuttering. He will also not be famed for the excessive regulation...
  • Foreclosure woes: For one homeowner, following bank's advice was bad news

    06/08/2011 8:01:42 PM PDT · by Jim 726 · 45 replies · 1+ views
    PANAMA CITY BEACH — Lindsay Hall took out a $200,000 loan in 2005 on her paid-off beach house with the understanding that her $600 monthly Social Security check would cover the mortgage payments. When her interest rate jumped more than a year ago, it raised her mortgage payments to $1,500. At that point, Hall started the fight to save her home. “I want to say I did my best to fight for the American dream,” said Hall, 70. Hall has negotiated with her loan servicer, IndyMac Mortgage Services, to modify her loan payments multiple times. Each time she negotiates payments...
  • Community Reinvestment Act: Separating Fact From Fiction (Long Article)

    03/29/2011 5:31:52 PM PDT · by Kaslin · 21 replies
    IBD Editorials ^ | March 29, 2011 | Staff
    Cover-Up: Acorn clones using the Community Reinvestment Act to shake down banks aren't happy with our campaign to expose the truth about the CRA's central role in the financial crisis. The Greenlining Institute is typical. The Berkeley, Calif.-based community organizer fired off a letter to us complaining about our March 21 editorial "WaMu: Guilty Only Of CRA Compliance." In it, we argued that Washington Mutual, a CRA poster boy in the run-up to the crisis, is now a convenient whipping boy for the same regulators who pressured the bank into making the "reckless" multicultural loans they're suing it over today....
  • BOOM! (Friends Of Angelo)

    10/23/2009 12:42:49 PM PDT · by FromLori · 1 replies · 568+ views
    The Market Ticker ^ | 10/23/09 | Karl Denninger
    It's about damn time: Bank of America Corp Reportedly Congressman Towns issuing subpoena to Countrywide Financial in mortgage probe - Congressman Towns says he has requested information from Wells Fargo, JP Morgan, Citigroup, and GMAC; is prepared to issue subpoenas to other banks in mortgage probe if they don't comply (Source: Via Rebeltrader off wires) Remember that this is the same Congressman Towns: After GOP members of the House oversight committee shot footage for a "campaign style video" in the committee room, Democrats responded by changing the lock on a private door leading in from the Republican suite of offices....