More homeowners are paying down their principal balances when they refinance their mortgages, reversing a trend that became popular during the housing bubble, when rising prices allowed borrowers to “cash out” by taking on more debt, Freddie Mac, the government-sponsored mortgage finance company, said
Read more:
US borrowers pay down mortgages
The government is expected to take over Fannie Mae and Freddie Mac as soon as this weekend in a monumental move designed to protect the mortgage market from the failure of the two companies, which together hold or guarantee half of the …. This is the greatest Ponzi scam mafia ever. They should all pay BIG TIME! mrburnone. July 28th, 2010 – 16:39. How can one still speak about  “leadership irresponsable”? what we have in place of pure corruption and simple à all levels. …
Read the original:
The Infamous Bail-out Of Fannie and Freddie | My Insurance Haven
Congressman Boehner answers a question from John in Liberty Township, who asks, “When are we going to really focus on financial reform and go after Fannie Mae and Freddie Mac? … and what your saying may not be totally correct and if some of it is, then blame the politicians there who control the flow of funds or who gets what contracts.. look at the BIG DIG in Massachusetts.. what a scam that is.. how do you go over budget by a few billion dollars and get away with it ? …
Read this article:
Constituent Mailbag: Your Questions Answered On Financial …
Personal Financial Management mortgage scam hearing · SBA Low-Interest Disaster Loans · Hillary Clinton on No Child Left Behind and College Loans · Home Loan Predictions for 2010 – Sam White · Freddie Mac En Español …
Read more here:
Personal Financial Management mortgage scam hearing | Zunley
the CEO’s of Fannie Mae and Freddie Mac (both huge contributers and advisers to the Obama campaign, and one of whom was on Obama’s Vice Presidential vetting/selection committee) … To me, this is the biggest scam perpetrated in this election: shunting blame onto the Republicans, for a crisis that clearly stems from Democrat/liberal policy, and social engineering with bank loans to unqualified and unreliable borrowers, that inevitably exploded in our faces. …
Follow this link:
Why is the subprime crisis blamed on Republicans instead of Dems …
Will mortgage giants Fannie Mae (FNMA) and Freddie Mac (FMAC) be held accountable for their roles in the housing/mortgage crash? Will taxpayer bailouts of FNMA and FMAC be halted? Will my home regain some of the loss in value inflicted …
Originally posted here:
Financial Reform: Another Obama Scam?
Wall Street History: Worldcom, Rigas And Freddie San Francisco Chronicle Check out Wall Street History: Disney, Kodak And Astor.) The acceleration of the DJIA was on display when it broke the 14000 barrier on July 19, …
Read the rest here:
Wall Street History: Worldcom, Rigas And Freddie – San Francisco Chronicle
With Fannie and Freddie also big buyers of Wall Street mortgage bonds, their regulator this month used its subpoena power to seek documents and see if it could recoup losses for the two companies, which have received tens of billions in …. scam , securitization, servicers, settlement, sewer service, shadow foreclosures, shapiro & fishman pa, short sale, siva, spear & hoffman, Steven J Baum, steven mnuchin, stock, STOP FORECLOSURE FRAUD, stop foreclosure fraud …
View original post here:
FORECLOSURE GAME CHANGER? Mortgage Bond Holders Challenge Loan …
Democrats in their own words Covering up the Fannie Mae, Freddie Mac Scam that caused our Economic Crisis. At a 2004 hearing see Democrat after Democrat covering up and attacking the regulations to protect Fannie Mae and Freddie Mac …
Continue reading here:
Michelle Malkin » Obama to sign Dodd-Frank monstrosity today
“Can you support your position, in a fast, easy way, why the US housing boom was NOT caused by Fannie and Freddie, or the CRA? I understand all the factors you laid out in the book — but I would like to see more evidence to support your view.” …. When is it going to be rightfully characterized as “Global Loose Credit Scam that got poured into housing”… That way – After all the dust finally settles (in about a century), we can hopefully avoid going that road again… …
Read the rest here:
Global Housing Boom | The Big Picture
This is where Fannie Mae and Freddie Mac came in. The former was founded in 1938 and turned into a publicly-owned, government-sponsored enterprise (GSE) in 1968. The latter was founded as a GSE in 1970. Both were designed to expand the … Fannie Mae and Freddie Mac were prepared to buy these loans as well, and this meant lots of work and income for the rating agencies as long as they went with the flow and refrained from acknowledging that what was going on was a scam . …
default Stock Market Scam – How To Avoid Them. UPDATE: Government may soon back troubled mortgage giants By ALAN ZIBEL, AP September 6, 2008 WAS. – The government is expected to take over Fannie Mae and Freddie Mac as soon as this …
Excerpt from:
Stock Market Scam – How To Avoid Them | Financial News
Why? Because the government artificially inflated the housing market. They went to Fannie Mae and Freddie Mac and other mortgage companies and FORCED them to give loans and mortgages to people who couldn’t afford to pay them back. …
See the original post:
the Government Housing Scam… | mortgage
Democrats in their own words Covering up the Fannie Mae, Freddie Mac Scam that caused our Economic Crisis. http://www.youtube.com/watch?v=_MGT_cSi7Rs. Timeline shows Bush, McCain warning Dems of financial and housing crisis; meltdown …
See the article here:
IMAO » Blog Archive » What Should Republicans Do If They Take Back …
The “outsider” rught away thinks about disastrous press about bootleg skill flipping scams . Yes, there have been bootleg ways to flip property, though when we investors impute to the flip we meant the legal, implicitly reliable approach of we do it. …. o OFHEO (Office of Federal Housing Enterprise Oversight) has upheld the law requiring Freddie Mac as good as Fannie Mae to inform questionable debt rascal wake up upon the Mortgage Incident Notice (MFIN). …
See the original post here:
Is Flipping Houses Illegal
The regulatory agency said it has issued 64 subpoenas seeking loan files and other documents to determine whether the sellers of those securities made any false statements or omissions. Fannie and Freddie had tried to do so themselves …
Read the rest here:
US tries to recoup Fannie, Freddie losses |
Refresher Course: Democrats Covered Up Fannie & Freddie Scam . Video Here. The MSM died in early 2008 and jumped in bed with Obama and his Marxist/Socialist Agenda. The Truth is difficult to find in the Media these days that is why I …
Read the original post:
Financial Reform Bill? Government Won't Regulate Itself !
And it was Fannie and Freddie that enabled the whole scam . “This settlement is a stark lesson to Wall Street firms that no product is too complex, and no investor too sophisticated, to avoid a heavy price if a firm violates the …
Here is the original post:
Spencer, Ia Tea Party Patriots Blog » Pathetic News
The agency announced last Monday that it had issued 64 subpoenas to a throng of unidentified financial services institutions, seeking documents related to mortgage securities that Fannie and Freddie bought from Wall Street during the …
Read this article:
Holding Bankers' Feet to the Fire | GRETCHEN MORGENSON |
the FED & Greenspan & Bernanke & Geithner&SOMMERS are the VERY CRIMINALS who perpetrated the Housing Derivatives-Wall St. SCAM in the FIRST place-YOU Stupid GOVERN. PUPPETS-YOU Federal FK UPS are such PUPPETS for WALL ST. CROOKS! …. when it’s a matter of record that the Bush administration tried to regulate Freddie/ Fannie , the gov’t backed entities that virtually everyone with a brain blames for the sub-prime mess, twice in 2001 and 2004/05 with the Dems blocking the …
Read more:
GOP Leader Lies About Bank Reform Bill on CNN : Wall Street Stocks …
Why? Because the government artificially inflated the housing market. They went to Fannie Mae and Freddie Mac and other mortgage companies and FORCED them to give loans and mortgages to people who couldn’t afford to pay them back. …
Continue reading here:
the Government Housing Scam…
Shocking Video Unearthed Democrats in their own words Covering up the Fannie Mae, Freddie Mac Scam that caused our Economic Crisis http://www.youtube.com/watch?v=_MGT_cSi7Rs · CM Sackett. Ozzie, KeninMontana (and a few others) are most …
Read the original here:
Audio: Mark Levin calls Scott Brown an A-Hole- The Right Scoop
Related Links: Utilities are trying to pull off the scam of the decade California attorney general sues Fannie & Freddie over PACE clean-energy programs Italy’s Enel opens innovative solar power plant …
See the article here:
The Green Education » Beekeepers add buzz to Japanese urban jungle
Assisting the Lawyers’ Committee in leading the coalition’s fight against loan modification scams are: Fannie Mae, Freddie Mac, the Homeownership Preservation Foundation, and NeighborWorks America. …
Go here to see the original:
The Real Story » Blog Archive » Credit Repair and Mortgage Fraud …
Shocking Video Unearthed Democrats in their own words Covering up the Fannie Mae, Freddie Mac Scam that caused our Economic Crisis ”. – YouTube Video. Reply to this comment. plpfctn2007. July 15th, 2010. 6 of the last 7 US recessions …
Originally posted here:
Buffett: The Economy Has 'Fallen Off A Cliff' | Warren Buffett News
$50 billion Purchases of mortgage securities by Fannie Mae and Freddie Mac $144 billion TOTAL $1.8 trillion+ COST PER HOUSEHOLD $17064+. It also may be a matter of no longer trusting the Bush administration’s figures. … The libertarians at LewRockwell.com showered their readers with a deluge of posts, including ones titled “The Mugging of America” and “The Rescue Scam .” As McCullagh’s Law would predict, the situation involving the Patriot Act in 2001 also involved heavy …
Read more here:
zixuan.org » Blog Archive » Online critics take aim at $700 …
A scam . The lobster is secretly feeding him info. kanza. Posted July 14, 2010 at 7:28 am | Permalink. Court Rules FCC Indecency Policy “Unconstitutionally Vague” FNN. Wonder if Biden’s “F-bombs” will cost networks money? SolDevVB …. “A few attempts were made to regulate Fannie Mae and Freddie Mac, but Congressional Democrats, lead by Barney Frank and Chris Dodd (who received more campaign funds from Fannie Mae than any other politician), would have none of it. …
See the rest here:
Open thread 7/14 | WE Blog | Wichita Eagle Blogs
Attorney General Edmund G. Brown Jr. is scheduled to discuss a major action he is initiating against mortgage giants Fannie Mae and Freddie Mac, as well as the.
Original post:
California AG to Discuss Action Against Fannie Mae and Freddie Mac |
The government should take over Fannie , and Freddie Mac. To sell them for profit to pay the national debt. FaithfulAndTrue1 says: July 14, 2010 at 2:03 pm. Yeah. The government should not run this wacko program for student loan repayment! …. Sale, Sales, Sallie, sallonger, Samantha, Same, Sanchez, Sanford, savingandinvesting.com, Scam , Scams , Scandals, Schiff, Scholarship, Scholarships, SCHOOL, score, Seattle, Second, Seconds, Secret, Secretary, Secure, Secured, Sen. …
Read this article:
Peter Schiff On Bernanke, Fannie, Freddie, Tax Cuts And Student …
As to Barney “All’s OK at Freddie & Fannie ” Frank please listen to the Progs in their own words Covering up the Fannie Mae, Freddie Mac Scam that caused our Economic Crisis in conjunction with CRA. How inconvenient that You Tube & the …
Excerpt from:
Robert Creamer: Dirty Little Secrets the Republicans Don't Want …
Washington, DC – July 9, 2010 – (RealEstateRama) — The Federal Housing Finance Agency (FHFA) has found that the average total “g-fee” charged by Fannie Mae and Freddie Mac on single-family mortgages fell in 2009 relative to 2008, from 25 basis points to … TALLAHASSEE, FL – July 16, 2010 – (RealEstateRama) — Florida CFO Alex Sink today announced the arrests of six criminals involved in a mortgage fraud scam that resulted in more than $2 million in fraudulent mortgages. …
Link:
FHFA Report Concludes Fannie Mae and Freddie Mac Guarantee Fees …
And in terms of dollars, it would be hard to top the accounting scam that Obama’s budget wonks are trying to pull off now. The ploy here is simple. They are keeping Fannie Mae and Freddie Mac off the government’s balance sheet and out …
Read the original post:
Fed shifts $4.4 Trillion of toxic debt to…? | Ron Paul 2012 …
Hilarity doesn’t exactly ensue, as the White House discovered when it attempted to exploit Fannie Mae and Freddie Mac to carry paper for its home-energy improvement program, part of Barack Obama’s “green economy” strategy. …. THAT is attorney Obama’s résumé specialty, pinstripe crime that rips off PUBLIC TAX FUNDED programs through legal corruption, à la Obama’s “community organizing” Altgeld Gardens scam that put ALL the tax funds designated for restoring public …
View original post here:
Hot Air » Shocker: Yet another Obama “green economy” fail
Tags: bank of america, billions, citimortgage, counties, countrywide home loans, deprived, dinsfla, fannie mae, foreclosure fraud, fraud charges, Freddie Mac, ginnie mae, lawsuit, MERS, Mortgage Electronic registration Systems …
Follow this link:
Reston-based company sued on fraud charges |
Shocking Video Unearthed Democrats in their own words Covering up the Fannie Mae, Freddie Mac Scam that caused our Economic Crisis www.youtube.com EVIDENCE FOUND!!! Clinton administration’s “BANK AFFIRMATIVE ACTION” They forced banks to …
Link:
Barney Frank & Chris Dodd Complicit With Failure Of Fanni Mae …
This is an elitest scam on the American people. Nothing more, nothing less. We may be able to survive 4 years of Obama and his Ship of Fools, but can we survive the fools who elected him? volsense on July 3, 2010 at 10:04 AM … The d*mn Dems thwarted every effort to include Fannie and Freddie amendments into this phony financial regulation bill. Rescind CRA. Decouple Fannie and Freddie from the federal government. And ditto what Rae said about the bloody Fed. …
See more here:
Hot Air » Reason TV: 3 reasons the financial regulation bill …
Well, ACORN has been going around for a while and Obama just seems to have taken it in his stride, with no sign of him slowing down, just like with Ayers, Wright and Fannie Mae and Freddie Mac. At this stage, McCain’s “odds (of winning) …
See the rest here:
Do you think ACORN voter fraud will end up hurting Obama? | Fraud …
The government will surely step up its campaign to keep in place its social engineering strategy which is anchored in its “American Dream” scam . Remember that in 2009 Obama threw away the $400 billion bailout cap for Fannie and Freddie …
Go here to read the rest:
Failed Fannie Mae Will Pummel Mortgage Defaulters
Why? Because the government artificially inflated the housing market. They went to Fannie Mae and Freddie Mac and other mortgage companies and FORCED them to give loans and mortgages to people who couldn’t afford to pay them back. …
Read the original post:
the Government Housing Scam… | Desitn Real Estate Blog
Hey Fannie and Freddie your threats are falling on deaf ears. Don’t you know you will not be around in 5 years. Your broke, bankrupt, finished. What hypocrites! You screw the American people with your ponzi scam and now cry foul when it …
See the original post:
Crackdown! Is The Massive Wave Of Strategic Defaults About To Come …
The government will surely step up its campaign to keep in place its social engineering strategy which is anchored in its “American Dream” scam . Remember that in 2009 Obama threw away the $400 billion bailout cap for Fannie and Freddie …
The rest is here:
Militant Libertarian » Failed Fannie Mae Will Pummel Mortgage …
The Democrats prevented the needed reform in the derivatives business, the business that brought down AIG and Lehman Brothers, derivatives based on the “toxic mortgages” produced by Fannie Mae & Freddie Mac. Media claims that the “reform” …. Professor Thomas J DiLorenzo: The CRA Scam and its Defenders: http://www.mises.org/story/2963. John R Lott, Jr : Analysis – Reckless Mortgages Brought Financial Market To Its Knees http://www.foxnews.com/story/0,2933,424945,00.htm …
The rest is here:
The Financial Reform Law: “Never have the corrupt done so little …
The government will surely step up its campaign to keep in place its social engineering strategy which is anchored in its “American Dream” scam . Remember that in 2009 Obama threw away the $400 billion bailout cap for Fannie and Freddie …
Here is the original post:
Karen De Coster » Failed Fannie Mae Will Pummel Mortgage Defaulters
Barney Franks and Chris Dodd have performed one of the biggest scams since Bernie Madoff. Both were in part responsible for Fannie and Freddie’s irresponsible behavior and if those two entities shad been properly managed and regulated …
The rest is here:
PrairiePundit: Reforming the wrong regulators
Amidst the Real Estate & Mortgage Meltdown; Foreclosure Fraud & Scams ; Real Estates Future is Great. First Time Home Buyers, FHA Loans & Seller Paid Closing Costs. Go To http://RealEstateMarketingThisWeek.com. Part 8 (Excerpt) … Tags: Adjustable, Administration, ARM, attorney, avoid, bank, bankruptcy, buyer, closing, Corporation, Cost, credit, down, Estate, expert, Fannie , fed, federal, fha, First, Fixed, FNMA, foreclosure, fraud, Freddie, funds, future, home, housing, …
Follow this link:
Real Estate » Blog Archive » Real Estate & Mortgage 8 …
Barney Frank Fannie Mae and Freddie Mac Oct. 6, 2004 “I don’t see anything in this report that raises safety and soundness problems” Democrats in their own words Covering up the Fannie Mae, Freddie Mac Scam that caused our Economic …
Continued here:
Republican National Convention Blog: Dodd-Frank Act, Fannie Mae …
“My Republican colleagues like to forget the fact that during the 12 years they controlled Congress, they did nothing about Fannie Mae and Freddie Mac. When the Democrats took power in 2007, we passed a bill that gave them the power to …
Link:
Barney Frank Brings Additional Unclarity On The FinReg Scam, Punts …
Speaking of large and politically connected entities, Dodd-Frank does nothing about Fannie Mae and Freddie Mac, the $6.5 trillion mortgage finance behemoths that have been wards of the state for almost two years. …. S.E.C., saxon mortgage , scam , securitization, settlement, sewer service, shadow foreclosures, shapiro & fishman pa, short sale, siva, spear & hoffman, steven mnuchin, stock, STOP FORECLOSURE FRAUD, stop foreclosure fraud, stopforeclosurefraud.com, tarp funds …
See the article here:
Strong Enough for Tough Stains? By GRETCHEN MORGENSON |
Tagged with Barack Obama, China, Congress, Democrats, Fannie Mae, financial crisis, financial reform bill, fraud, Freddie Mac, Government Sponsored Enterprise, GSE, House, Obama, President Obama, scam , Senate, transparency …
Read the original here:
Freddie Mac and Fannie Mae costing US Taxpayers Trillions « Scotty …
Until the govmint gets completely out of housing (incl. tax deductions, credits, Fannie , Freddie, ad naseum), we taxpayers will continue to get a hosing. If there ever was an example of a market completely FUBAR’d by govmint …
View original post here:
Fed Tax-Credit Fraud | bubbleinfo.com