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Predatory Lending Housing Crisis
Recently homeowners in my corner of Harlem held a soiree in someone’s garden. We form a warm group of 130 people who represent the changing neighborhood — black old-timers with a growing number of whites. Everyone brought a dish or bottle and the talk over the macaroni was cheerful. Did anyone know [...]
Subprime Video
The current mortgage rate credit crisis is a golden opportunity for real estate investors to turn a quick profit, provided they’re looking in the right areas of the country. Rising foreclosure rates are quickly becoming a problem for banks and communities across the country.
The President, Congress and the Federal Reserve working to make an [...]
Loan Modification Watchdog
Two bills designed to address some of the problems resulting from the economic crisis have been signed by President Obama. The first deals with mortgage fraud and the other with helping families who are involved in a foreclosure situation save their homes.
Look out rip-off artists, enforcers of the new mortgage fraud bill means [...]
2008 Subprime Crisis
Question: Understanding the Subprime mortgage crisis?
http://genxfiles.com/2008/09/21/the-mess-that-were-in/
This blog did a great job of explaining the crisis, but how do we get back on track?
Answer: Everybody is looking for a quick fix. A fix which involves little or no pain. Such a fix doesn’t exist no matter what McCain or Obama says. There will be [...]
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