Grandma Gets Raided for Paying Off Her Mortgage in Full part 2

Dawn Welsh a 54 year grandmother is raided in her own home, for what…owning her own home. If this sounds like something straight out of the Twilight Zone, well welcome to America in 2009. Listen as the fascist US government steals an American grandmother’s home and terrorizes her!!!!! Dawn Welsh of Hillsboro, MO Arrested for [...]

LA gets tough on banks over foreclosure blight

LA gets tough on banks over foreclosure blight
A dead dog lies among the knee-high weeds, a sign to Guillermo Elenes that the burned out, boarded up house is being used as a dump. Inside, soiled diapers, fast-food trash and the strewn beer a…
Read more on Fox News

Man Gets 70-Months For Mortgage Fraud

Man Gets 70-Months For Mortgage Fraud
A former loan officer for a New Jersey mortgage company has been sentenced to 70 months in federal prison for his role in a mortgage fraud and property-flipping scheme.
Read more on My9 WWOR-TV New Jersey

Ryan gets props for bold plan, criticism for a one-sided focus

Ryan gets props for bold plan, criticism for a one-sided focus
WASHINGTON — Budget experts gave high marks for courage and low marks for the details in a bold Republican plan offered Tuesday to slash government spending by about $6 trillion over 10 years while overhauling costly medical programs for the elderly and poor.
Read more on [...]

Home buying gets tougher as lenders restrict FHA loans

Home buying gets tougher as lenders restrict FHA loans
Homeownership may be falling out of reach for more Americans as lenders toughen their standards for Federal Housing Administration insured loans.
Read more on Seattle Times

UK’s austerity drive gets Moody’s backing

UK’s austerity drive gets Moody’s backing
One of the world’s premier rating agencies has backed the UK’s economy by maintaining its top credit rating. Related Stories Minister wants US to Experience Northern Ireland Economy facing worst period for a generation Mortgage lending activity plummets to 10-year low Irish bond prices rise 6.5% over debt fears Household [...]

LePage’s wife gets tax order from Florida

LePage’s wife gets tax order from Florida
AUGUSTA, Maine — Tax officials in Florida are telling the wife of Maine Republican gubernatorial candidate Paul LePage to repay $1,400 in back property taxes and penalties in Florida. The …
Read more on Bangor Daily News

Greenville gets break from high temperatures

Greenville gets break from high temperatures
Greenville followed up the blistering heat of June by posting a near-record low temperature of 54 degrees Friday night into early Saturday. The record low of 51 degrees for the date occurred in 1918, National Weather Service meteorologist Hal Austin said.
Read more on The Daily Reflector

What is private mortgage insurance and who gets the money when a person cannot fullfil their loan obligations?

If you don’t put down 20% on a home loan you must pay Private Mortgage Insurance. So with all these loans going belly up why did ppl pay this and who took the money?

Ocala man gets 8 years in mortgage fraud

Ocala man gets 8 years in mortgage fraud
By Suevon Lee Staff writer An Ocala man who posed as a mortgage broker and submitted falsified loan documents to a now-fallen national mortgage home lender has been ordered to serve an eight-year prison sentence.
Read more on The Ocala Star-Banner