Articles from May 2011



$80 Billion Secretive Loans to Banks for only 0.01%

Monopoly money well not exactly but the Federal Reserve certainly never consider about the ordinary residents of the US when they process Secretive Loans to Banks for only 0.01%. Outrageous but true! $80 Billion Secretive Loans to Banks for only 0.01% Federal Reserve – quote – The $80 billion initiative, called single-tranche open- market operations, […]

American Home Mortgage Servicing to Unlock Home Loans

American Home Mortgage Servicing is pushing the US Treasury to organize a plan to boost principal reductions for up to 1 million homeowners by unlocking home loans from securities. American Home Mortgage Servicing to Unlock Home Loans Official statement – quote – American Home’s chief legal officer, Jordan Dorchuck – more – The plan “should […]

Mortgage Rates Edge Higher Yet Again

Most people accept that life is often like a ‘rollercoaster’ and they get on with it, But what frustrates folks is the ups and downs of US House Mortgage Rates, seeing rates seesaw on a whim and with no prior notice often rocks the financial budgets of home buyers. Mortgage Rates Edge Higher Yet Again […]

Big Government Hovers Over Fannie Mae and Freddie Mac

The slow turning wheels of the US Government are slowly but surely closing in on US mortgage giants Fannie Mae and Freddie Mac. Big Government Hovers Over Fannie Mae and Freddie Mac This is details of the latest breaking news as the Government House have issued seven bills that will be used in the process […]

Seller Finance back as House Mortgage Option

Owner Finance aka Seller Finance was very popular in the 1980s when up to 15 percent of all house sales were seller financed. Now in the slump of this decade owner finance is making  a comeback. Seller Finance  back as House Mortgage Option When as is the case today in 2011 when the house selling […]

Mortgage Firms Illegally Foreclosed on Military Service Member Homes

One has to wonder do our magnificent military not have enough responsibilities defending the USA. The last thing they want to have to deal with is a bank or finance house attempting to illegally foreclose on military service member homes. Mortgage Firms Illegally Foreclosed on Military Service Member Homes This report confirms that, just that […]

Deutsche Bank AG in US Mortgage Fraud

Deutsche Bank AG is being sued by The U.S. Department of Justice who have filed a civil mortgage fraud lawsuit against German lender Deutsche Bank AG accusing the bank of repeatedly lying to be included in a federal program that insures home loans. The amount of money involved in the fraud is high and the […]

What is New in the $10.5 Trillion U.S. Mortgage Market

How ironic Bin Laden is dead and the $10.5 Trillion U.S. Mortgage Market is dead. So when are the Obama government going to focus on reviving the lifeless US house mortgage market. What is New in the $10.5 Trillion U.S. Mortgage Market Here are some official reports – quote – ‘ Currently, nine in 10 […]