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thinkahol *

Fed wants to strip a key protection for homeowners | McClatchy - 0 views

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    WASHINGTON - As Americans continue to lose their homes in record numbers, the Federal Reserve is considering making it much harder for homeowners to stop foreclosures and escape predatory home loans with onerous terms.
thinkahol *

OWS's Beef: Wall Street Isn't Winning It's Cheating | Matt Taibbi | Rolling Stone - 0 views

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    When Joe Homeowner bought too much house, essentially betting that home prices would go up, and losing his bet when they dropped, he was an irresponsible putz who shouldn't whine about being put on the street. But when banks bet billions on a firm like AIG that was heavily invested in mortgages, they were making the same bet that Joe Homeowner made, leaving themselves hugely exposed to a sudden drop in home prices. But instead of being asked to "suck it in and cope" when that bet failed, the banks instead went straight to Washington for a bailout -- and got it.
thinkahol *

Ten Million Families Sliding Toward Foreclosure » Counterpunch: Tells the Fac... - 0 views

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    President Obama, he says, "seems to be playing a sly double game-protecting banks from sharing the pain while proclaiming sympathy for embattled homeowners." Greider adds, "The government, in effect, has been sheltering banks from facing the hard truth about their condition." Banks may be valuing mortgages or mortgage bonds at 85 cents on the dollar when their true market value is closer to 30 cents. "That strengthens the case for a general and orderly write-down now: if many of these loans aren't ever going to be rapid, then the assets now claimed by the banks are imaginary."
Levy Rivers

Obama and McCain Clash Over Economy - NYTimes.com - 0 views

  • But in a moment that caught the attention of people in both parties, he appeared agitated in criticizing Mr. Obama for a Senate vote he cast, referring to his opponent only as “that one.”
  • Mr. McCain sought to break through by highlighting a proposal under which the Treasury Department would buy up mortgages that had gone bad, and in effect refinance them at prices homeowners could afford
  • There were no obvious dramatic breakthrough moments by Mr. McCain; indeed, although the two men pummeled back and forth, it was Mr. Obama who more consistently drew sharp contrasts between the voting records and campaign promises of the two.
  • ...2 more annotations...
  • He cast his arm at Mr. Obama. “That one,” he said. “You know who voted against it? Me.”
  • “Senator McCain and I actually agree on something,” Mr. Obama said. “He said a while back that the big problem with energy is that for the last 30 years politicians in Washington haven’t done anything. What McCain doesn’t mention is he’s been there 26 of them and during that time he voted 23 times against alternative fuels.”
Deed Copy

I Retrieved My Mom' Lost Property Documents - 2 views

While going through my mother's land documents, I came across a property tax receipt that I was not aware of. So I decided to check this out. But I really do not know where to start searching for t...

property deed

started by Deed Copy on 25 Jul 11 no follow-up yet
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