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| The Mortgage Lender Implode-O-Meter |
| The Mortgage Lender Implode-O-Meter - tracking the housing finance breakdown, related to Alt-A and subprime mortgages, lending fraud, predatory lending, housing bubble, mortgage banking, foreclosures, debt, consolidation, lawyers |
| Language: English |
| RSS Feeds for this Blog |
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Statistics |
| Unique Visitors: 4213 |
| Total Unique Visitors: 137203519 |
| Visitors Out: 8400 |
| Total Visitors Out: 65496 |
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| Greeks strike against austerity, EU demands more cuts |
| 2012-02-09 18:00:00 |
"Greek workers went on strike against austerity measures on Friday, docking ships and halting public transport, hours after euro zone finance ministers said Athens needed to make more cuts to convince them to release a financial bailout."...
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| Warren Buffett: Baptist and Bootlegger |
| 2012-02-09 18:00:00 |
". Warren Buffett is very much a political entrepreneur; his best investments are often in political relationships. In recent years, Buffett has used taxpayer money as a vehicle to even greater profit and wealth. Indeed, the success of some of his biggest bets and the profitability of some of his largest investments rely on government largesse and "coddling" with taxpayer money."...
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| Users of Citibank Bill-Pay App Charged Twice |
| 2012-02-09 18:00:00 |
"A technical bug caused Citi, the nation's fourth largest bank by deposits, to double the charge for customer payments in recent months. Some customers using their iPads to settle their cable bill or mortgage payment, for example, actually paid twice, according to customers and a bank official."...
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| Will Mortgage Settlement Avoid Repeating Obama's Foreclosure Failures? |
| 2012-02-09 18:00:00 |
Yesterday, administration officials stood alongside state attorneys general to announce a $25 billion mortgage settlement. It was reminiscent of a big announcement by administration officials three Februarys ago involving an even bigger number: $50 billion. That money was supposed to go to the administration's signature mortgage modification program, which eventually became HAMP. Three years later, HAMP (the Home Affordable Modification Program) is widely considered a failure. That failure provides key context to yesterday's announcement....
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| Gonzalo Lira: A Tale of Two Settlements |
| 2012-02-09 18:00:00 |
``So yesterday, there were two big settlements: Greece, and the Mortgage Mess. Completely independent of each other, both settlements not only happened on the same day, they happen to highlight two issues which ought to be bugging us all like cockroaches crawling through our underwear. ''...
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| Why Is Gasoline Consumption Tanking? |
| 2012-02-09 18:00:00 |
``What other plausible explanation is there for the decline from 42.4 MGD in July 2011 to 30.9 MGD in November 2011 other than a dramatic decline in discretionary driving? That 27% drop in a few months in unprecedented, except in times of war or sharp economic contraction, i.e. recession. ''...
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| Fannie Mae: Principal write-downs pose challenges |
| 2012-02-09 18:00:00 |
"Fannie Mae, the largest U.S. mortgage finance provider, on Thursday said a plan to reduce loan balances for troubled homeowners had proved too difficult to carry out on a broad scale when tested in pilot programs. "...
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