2/7/13: Help for housing market and foreclosures: Letter to Obama

KW writes: Ian has been concerned about the tenure of Edward DeMarco, the Acting Director of the Federal Housing Finance Agency (FHFA). DeMarco has made some bad and conservative decisions, such as not approving principle reduction for mortgages. This is a good time to fix the situation. Representative Elijah Cummings is inviting House members to […]

Is there a coming Reverse Mortgage Crisis?

there is increased pressure by the banks to make the reverse mortgage market work like the disastrous pre-collapse sub-prime market.

The grassroots in Chicago sends a message with 7,000 demonstrators

(excerpt from) Truthout Community Groups, Labor and Occupy Chicago Protest Mortgage Bankers Association, Seven Thousand Strong Wednesday 12 October 2011 by Yana Kunichoff When the Mortgage Bankers Association decided to hold their annual conference in Chicago, they weren’t counting on a welcome committee. What they got was more than 7,000 protesters taking over the road […]

Former Governor may visit Occupy Wall Street

KW writes: I am not a Spitzer fan, but these comments sure are interesting and enlightening. (excerpt from) Capital New York Spitzer wants a petition to dump Geithner… Oct 12, 2011 [Former New York Governor] Eliot Spitzer told a crowded room he was a big supporter of the Occupy Wall Street protests taking place a […]

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