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Banks in collaboration with the MSM are still manipulating the housing market searching for a recovery. From floating ideas like changing the status of the resident from home owner to renter (See Here) to gross misrepresentation of market data to … Continue reading
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In looking at the response to the Futures Commodity Merchant fraud provided by the CEO and president of the company I have decided to further expose just how ridge the financial system is to work against you. To do that … Continue reading
NEW YORK (CNNMoney) — The mortgage market appears to finally be stabilizing — as long as you ignore loans backed by the Federal Housing Administration.
Increasingly, FHA-insured loans are falling into foreclosure or serious delinquency, moving in the opposite direction of loans guaranteed by Fannie Mae and Freddie Mac or those held by banks, which are all showing signs of improvement.
And taxpayers could ultimately be on the hook for FHA’s growing number of troubled mortgages. The agency’s finances are already on shaky ground, and additional losses from loans going sour could prompt the need for a federal bailout, experts said.
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Many housing market analyst, some of them from organizations that knowingly lied about the true state of the market are still trying to call a housing bottom and recovery. Maybe its their job to use propaganda and their position of … Continue reading
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The foreclosure settlement deal set the stage for 1.9 million bank repossessions of homes in the foreclosure pipeline. Price discovery will be continue to be manipulated by banks as these newly repossessed homes disappear in the already untenable shadow housing inventory … Continue reading