Were Washington Insiders Laughing All the Way to the Bank?

pO157.

Posted to Business on Mon Jun 16, 2008 at 12:56:31 PM EST (promoted by port1080). RSS.

Embattled mortgage servicer and lender Countrywide is coming under fire again. This time, the outrage has also snared prominent politicians and lawmakers. The allegations? That the mortgage broker was offering cut rates and waiving fees for the politicians that regular people had no hope of getting.

(7 comments, 411 words in story) Full Story

Foreclosed? Get Paid Not to Ruin Your House!

Mary Jo Kopechne.

Posted to Business on Tue Apr 01, 2008 at 06:45:03 AM EST (promoted by port1080). RSS.

With millions of people being foreclosed and even renters who haven't missed a payment being unexpectedly evicted due to their landlords defaulting, frustrations are rising and tempers flaring. In Las Vegas, banks are paying the former owners hundreds and sometimes thousands of dollars to try and curb the destruction of foreclosed homes.

(24 comments, 107 words in story) Full Story

How Low Can You Go?

Lou.

Posted to Business on Thu Aug 16, 2007 at 09:19:14 AM EST (promoted by port1080). RSS.

Got stock?

(34 comments, 153 words in story) Full Story

Will A Tsunami Of Foreclosures Sweep Over The American Real Estate Market?

MayorBob.

Posted to Etcetera on Sat Dec 23, 2006 at 09:53:45 AM EST (promoted by port1080). RSS.

Much has been written about the real estate bubble threatening to burst in various cities around the country. But, if the Center for Responsible Lending (CRL), a major non-profit policy and research organization has it correctly, the next bubble to pop will be the foreclosure bubble. According to the CRL, when that bubble pops, could cost 2.2 million Americans their homes.

(6 comments, 455 words in story) Full Story

Tag: mortgages