Archive for the 'mortgage-fraud' Category

Mortgage Fraud Report – Burn after Modifying: FBI Finds Rampant and Deep Fraud in Real Estate Industry. Guess What State Ranks #1? IOU All-Star California.


Alt-A and Option ARM Economic Disaster Update: California Solution? Workout 3,430 Alt-A loans in March. Good Job. All we have is an additional 643,000 Alt-A Loans in the State. At this Rate it will take us 15 years to Modify or Alter all Alt-A Loans.


Loan Modifications Another Taxpayer Bailout to the Housing Industry: Mortgage Modification Default Rates over 50 Percent. Over 4 Percent of Subprime Loans First Payment Defaults.


Trillions in Financial Bailouts: After 2 years, the major Beneficiaries are Banks and Wall Street. What other Proof do you need that we are Focusing on Bailing out the Banking Oligarchy? Foreclosure Filings at All-Time Record High.


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