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US Foreclosure: Homelessness, Hunger - Page 6

Government had Been Warned about Troubles in Mortgage Servicer Industry
By Zachary A. Goldfarb

Consumer advocates and lawyers warned federal officials in recent years that the U.S. Foreclosure system was designed to seize people's homes as fast as possible, often without regard to the rights of homeowners. Ref. Source 6

Hunger Homelessness Foreclosure US

As Fraud Scandal Grows, White House Opposes National Moratorium on Foreclosures

A coalition of as many as forty state attorneys general is expected to announce Wednesday a joint investigation into the recent revelations that major lenders may have committed fraud while forcing thousands of people out of their homes. While senior congressional Democrats have joined the calls for a national moratorium on foreclosures, the White House is arguing against punishing the industry. We speak to Democratic Rep. Ed Towns of New York. Ref. Source 6

US Foreclosure: Homelessness, Hunger History & Civil Business Politics

Seven Million U.S. Mortgages Past Due or in Foreclosure: LPS:

There are 7,018,000 mortgages in the United States that are 30 or more days delinquent or in the process of foreclosure, according to new data from Lender Processing Services (LPS). Ref. Source 1

Page 6 Hunger Homelessness Foreclosure US

Slide in Home Prices Signals Trouble Ahead: IAS

IAS says the data foreshadow "particularly difficult times ahead" for the housing market and for the U.S. Economy. Ref. Source 2

Hunger Homelessness Foreclosure US

U.S. Home Foreclosures May Top 100,000 In January:

Yun says there is a massive shadow inventory - homes not yet on the market where the owners are more than 90 days behind on their payments. "It's just inevitable that they will go into a foreclosure," he says. Ref. Source 1

US Foreclosure: Homelessness, Hunger

Name: TerryJo
Country:

Comments: All the rules have changed in the last couple of months. Lending banks are now being held accountable for the trap they set, borrowing money they didn't themselves have, while using loose and illegal practices in the process. The massive lawsuit against Wells Fargo / Wachovia, Indymac / OneWest bank, Citibank, Bank of America, JP Morgan Chase, GMAC... Can actually, not only put a stop to your foreclosure, but also pause your house payments with no loss to you.

US Foreclosure Homelessness Hunger - Page 6

Should You Pay Your Mortgage?
Learning To Walk: Fear, Shame And Your Underwater Mortgage
By Ryan Grim, Arthur Delaney and Lucia Graves

Nearly 1 in every 4 U.S. homeowners with mortgages owe more on their home than it's worth. Once a month, those 10.8 million are faced with a question that cuts to the core of the American Dream. - Should I pay my mortgage? Ref. Source 5

US Foreclosure Homelessness Hunger Politics Business Civil & History - Page 6

Housing market: 13% of all U.S. homes are vacant

And it's only getting worse: The national vacancy rate crept up to just over 13% according to last week's decennial census report. That's up from 12.1% in 2007. Ref. Source 3