Media Ignores Main Reason for Foreclosures. Post 132


Loss of good jobs through ‘free’ trade is at heart of foreclosure epidemic

February 18, 2008 American Free Press By Mark Anderson

With the mortgage crisis reaching critical mass, it’s time for Americans to see past the media reports that are keeping them in the dark. Take Shaker Heights, a suburb of Cleveland. Foreclosures have emptied most of the houses. This town was “ravaged by the subprime mortgage crisis roiling the United . . .

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Government goes after mortgage foreclosure loan modifiers. Post 131


Bloomberg.com June 9 (Bloomberg)

New York Attorney General Andrew Cuomo subpoenaed 14 loan-modification companies and plans to sue another one as part of a probe of the “foreclosure rescue” industry.

Loan modification companies, which get lenders to change the terms of mortgages to help avoid foreclosure, are capitalizing on the housing crisis and preying on desperate homeowners, Cuomo said. His investigation was spurred by homeowner complaints that the companies fail to deliver the services . . .

Read More: Government goes after mortgage foreclosure loan modifiers. Post 131