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Hundreds swept up in mortgage fraud arrests
http://news.yahoo.com/s/ap/20080619/ap_on_go_ca_st_pe/mortgage_fraud Hundreds swept up in mortgage fraud arrests By LARA JAKES JORDAN, Associated Press Writer Thu Jun 19, 12:26 PM ET WASHINGTON - More than 400 real estate industry players have been indicted since March — including dozens over the last two days — in a Justice Department crackdown on incidents of mortgage fraud nationwide that have contributed to the country's housing crisis. ADVERTISEMENT The FBI put the losses to homeowners and other borrowers who were victims in the schemes at over $1 billion. "Mortgage fraud and related securities fraud pose a significant threat to our economy, to the stability of our nation's housing market and to the peace of mind to millions of Americans," Deputy Attorney General Mark Filip said in a statement Thursday.Three new photo contests on Lenzr.com expire Jan 1st, 2010
There are three new photo contests on Lenzr.com for the months of October and December 2009 ! Photographers look sharp - there's something for everyone to focus on here. Medicinal Plants in Nature celebrates botanical photography and hopes to collect images of natural medicine growing wild in the great outdoors.Simon Cowell pays off mortgage of the parents of a cancer-stricken girl
The British music mogul - dubbed ‘Mr Nasty’ for his jibes as a judge on singing contest ‘American Idol’ - wrote US couple Amy and Randy Stoen a check for $162,000 to help them cope with their three-year-old child Madelaine’s illness. Simon, who announced his good deed on Oprah Winfrey’s new show ‘Oprah’s Big Give’ yesterday, said: ”I never knew that doing good could feel so good. ”It doesn’t stop here.Government unveils new mortgage help for states
WASHINGTON (AP) -- The Obama administration on Monday unveiled a new program to support state and local housing finance agencies. The plan will help the agencies finance mortgages for first-time homebuyers and develop rental housing. The agencies have had a hard time raising money because of the housing crisis and credit crunch.Photo Contest #4 Ontario Tourist Attractions on Lenzr
There is a fourth photo contest on Lenzr.com for the month of October 2009 and right now there are over forty pictures doing battle.
The winning image thus far is one called Ottawa - The Spider City which has 38 registered votes and a score of 8.4 - its doing really well. This image below is currently in 2nd place.
THE FORECLOSURE FIVE (housing crises)
THE FORECLOSURE FIVE A NATIONAL CRISIS? HARDLY. THE REST OF US ARE PAYING FOR THE IRRESPONSIBILITY OF A FEW STATES By ALAN REYNOLDS (New York Post) February 21, 2009 When President Obama discusses his $275 billion mortgage bailout, he talks as if it was a national problem, caused by a national decline in home prices.Clinton Democrats Are To Blame For The Credit Crunch
Clinton Democrats Are To Blame For The Credit Crunch DENNIS SEWELL The Spectator WEDNESDAY, 1ST OCTOBER 2008 Our current financial turmoil is not the fault of greedy bankers. In fact, the banks were bullied into lowering their lending standards by left-wing idealists intent on equal opportunities at any cost ‘Let us be clear: this is a crisis caused on Wall Street,’ insisted Speaker Nancy Pelosi in her consensus-strangling speech on Monday, shortly before her fellow members of the House of Representatives voted to reject the President’s $700 billion bail-out plan. Out on the campaign trail, Barack Obama ventured that the root cause of the trouble in the markets was that ‘too many people in Washington and Wall Street weren’t minding the store’.Crony Communist or Businessman? ((public))
Published October 10, 2008 by Truthdig.com by David Sirota Is Henry Paulson a crony communist or a businessman? The answer could be the difference between economic disaster and recovery. Understanding Paulson's role in stopping-or fueling-the credit crisis requires a review of two axioms from Economics 101: 1) A credit crisis occurs when banks stop lending and 2) The amount banks can lend is a multiple of the capital in their vaults.House May Tighten 'Cramdown' Measure
PUBLIC POST * I have heard very little about any mortgage adjustment measures. Is it just me, or has there not been much public discussion? The thought that a judge could adjust the principal of a mortgage appalls me."Life Settlements" Bundle Old People Instead of Mortgages
If the GOP really believes that merely counseling people about end of life planning equals death panels and pushing euthanasia, I can't wait to hear how they spin this After the mortgage business imploded last year, Wall Street investment banks began searching for another big idea to make money. They think they may have found one. The bankers plan to buy “life settlements,” life insurance policies that ill and elderly people sell for cash — $400,000 for a $1 million policy, say, depending on the life expectancy of the insured person.
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