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Tags: banks

10/14/10

What is Really Going on with the Foreclosures?

The Banks, like Bank of America, JP Morgan and others are stopping the foreclosures of hundreds of thousands across the country.

Some of the banks have been found to have hired homeless people, laid off waitresses and the like to sign off on the mortgages without proper training to ensure that the paperwork was all done properly.

People who were being foreclosed on were starting to challenge their foreclosures by making the banks prove they actually owned the title to the home they were foreclosing on.

Because most banks and mortgage companies trade or sell off titles, they had a hard time of proving ownership and in many cases the home owners were able to prevent their home from being foreclosed.

But are the banks themselves stopping the foreclosures under the guise of checking the paperwork or are they doing what they can to prevent a huge inventory of empty houses hitting the the already saturated housing market?

Obviously flooding the market with more homes would decrease the value of those homes and lower the prices. The banks would stand loosing billions.

In 2009, Bank of American sad "We do not hold foreclosed properties off the market." In that same year we read about a "Shadow Inventory" of homes that the banks refused to put on the market.

In January 2010, "Bank of America to release homes into the Nevada housing market..It's part of the so-called "phantom inventory" of foreclosed homes being held by banks as they work out loan modifications and negotiate short sales."

This appears to be a manipulation of the housing market and should be investigated. Yes, investigate their sloppy paperwork and give justice to those who have had their homes unjustly foreclosed, but also investigate the banks and mortgage companies themselves from what could be nothing more than a price manipulation scheme.

GOD'S WORD FOR TODAY
Man shall not live by bread alone, but by every word that proceedeth out of the mouth of God. Matthew 4:4 (KJV)


IN THE NEWS

OBAMA NATION

Obama - 'I Was Born In Kenya' Video A Fake
http://bit.ly/cGRtdn

Obama agency busts plan to sell rifles to Americans
http://bit.ly/dfoz5Z

POLITICS & GOVERNMENT

Chicago Reporters Work as Rahm's Press Thugs; Threaten Reporter Asking Tough Questions
http://bit.ly/9BLrgH

Incumbent Blanche Lincoln losing stamina in Arkansas
http://bit.ly/cen08J

Hillary for prez in 2012?
http://bit.ly/axnZFV

Coburn: Don't raise taxes - cut waste!
http://bit.ly/bqcBRW

It Can Happen Here Government really can be cut
http://bit.ly/a3i4jY

Nullify Now Tour a Big Hit in Orlando
http://bit.ly/cUZeKA

Food police target organic foods in California! - Video
http://bit.ly/92Ns58

POLICE STATE NEWS

School District Settles WebcamGate
http://bit.ly/c5Pfny

Hand Held Biometric TWIC Reader in North Carolina
http://bit.ly/bAB5Qe

ECONOMIC NEWS

Interest - Our Invisible Slavery
http://bit.ly/b5LyKS

Food Prices at Two-Year High
http://yhoo.it/9Ljex5

Officials in 49 states launch foreclosure probe
http://bit.ly/aXs4YX

Across the US, long recovery looks like recession
http://bit.ly/9Z8mtd

Growing number of homeless pack shelters
http://bit.ly/ct4UM6

Evicted Family Breaks Into Foreclosed Home
http://bit.ly/csVSQg

Band jams LA freeway to jam on behalf of homeless kids
http://usat.ly/bBX0tp

UPS Looking For A Bailout
http://bit.ly/9jkBoy

Government Prepares To Seize Private Pensions
http://bit.ly/brK37Y

10 Reasons Why Ordinary Hard-Working Americans Are About To Really Start Feeling The Squeeze
http://bit.ly/csA0DC

REAL ID & PRIVACY NEWS

Identity Expert to Discuss Security Challenges, Changing Industry Standards at Government Conference
http://bit.ly/c4eapo

CA: DMV computer glitches stall drivers
http://bit.ly/dhZMi5

HEALTH NEWS

Alcohol for breast cancer awareness?
http://bit.ly/bHeS3z

Merck sued: homeagainr pet chip implicated in cancer
http://bit.ly/a0QPlj

Beck Sidekicks Attempt To Debunk Diet Coke Controversy
http://bit.ly/9b7F2O

ABORTION NEWS

Local ordinance squelching pro-lifers
http://bit.ly/aUkKwM

AG says abortionist not above the law
http://bit.ly/97bpCq

CHRISTIANITY NEWS

Christians have a duty to be armed
http://bit.ly/beTMZs

Man raised from dead after doctor prays for patient
http://bit.ly/azSud2

MADE IN THE USA

Driller From Denver Becomes Chile Mine Rescue Hero With American Made Equipment
http://yhoo.it/9x4V3B

IMMIGRATION & BORDER NEWS

Falcon Lake investigators decapitated head turned over to Mexico Army
http://exm.nr/d53ViA

HACKER NEWS

Hackers waiting for IP addresses to run out
http://bit.ly/cLo6wm

Lazy Hacker Convinces Teenage Girl to Hack Computer for Him
http://bit.ly/d61lYs

Computer glitch could open your computer to hackers
http://bit.ly/cbMqqb

Six enterprise security leaks you should plug now
http://bit.ly/9doVbe

SOCIAL ISSUES

Where have all the feminists gone?
http://bit.ly/alUZ3V

HOMOSEXUAL AGENDA

GLSEN shares responsibility for homosexual suicides
http://bit.ly/aNdo2L

GLOBAL WARMING SCAM

Google invests in $5 billion wind farm project
http://bit.ly/bHZkBQ

01/28/09

Act Now to Stop the Stimulus

Link: http://www.livefreeradio.net/index.php/act-now-to-stop-the-stimulus

Act Now to Stop the Stimulus
Call your members of Congress now and tell them no Bailout

Call 202-224-3121 and ask for your congresscritters office.

Tell them, this bailout is crap and it will not help us. You cannot buy your way out of debt. It is time that we get our monetary system on track and we close the federal reserve and go back to printing our own money backed by gold and silver.

I know it doesn't seem like there is any representation in our Congress or Senate, but you must at least try.

We will be talking about this and other issues on tonights show.

U.S. Senate: Senators Home
(202) 224-6361
www.senate.gov/general/contact_information/senators_cfm.cfm

GOD"S WORD FOR TODAY
Matthew 16:26 KJV

For what is a man profited, if he shall gain the whole world, and lose his own soul? or what shall a man give in exchange for his soul?

IN THE NEWS

HERE A FEMA CAMP, THERE A FEMA CAMP, EVERYWHERE A FEMA CAMP

New Legislation Authorizes FEMA Camps In U.S. 1/27/09
http://www.infowars.com/new-legislation-authorizes-fema-camps-in-us/


ECONOMIC NEWS

Do we need a North American currency? 1/28/09
http://www.marketwatch.com/news/story/do-we-need-north-american/story.aspx?guid=%7BD10536AF-F929-4AF9-AD10-250B4057A907%7D

Canada set to unveil stimulus package 1/27/09
http://www.ft.com/cms/s/0/e6073218-ec7e-11dd-a534-0000779fd2ac.html

Postmaster General: Mail days may need to be cut 1/28/09
http://news.yahoo.com/s/ap/20090128/ap_on_go_ot/meltdown_post_office

93-year-old man freezes to death indoors
http://www.msnbc.msn.com/id/28858971/

Bay City raises electric rates as Marvin Schur's death spurs anger 1/28/09
http://www.mlive.com/news/bay-city/index.ssf/2009/01/bay_city_raises_electric_rates.html

The Ugly Truth: America's Economy is Not Coming Back 1/28/09
http://www.thiscantbehappening.net/?q=node/261

Let it be: Gov't should leave banks alone 1/28/09
http://www.onenewsnow.com/Politics/Default.aspx?id=400152

What are they buying? Our Government That is 1/28/09
http://www.onenewsnow.com/Perspectives/Default.aspx?id=400282

Stimulus bill contains too much spending 1/28/09
http://news.yahoo.com/s/ap/20090128/ap_on_go_pr_wh/obama_economy

Drive a clunker - it's a ministry opportunity 1/26/09
http://www.onenewsnow.com/Church/Default.aspx?id=396244

Obama to Funnel Billions to ACORN with New Stimulus (Video)
http://video.newsmax.com/?assetId=V3619177

Soros: U.S. Banks Need $1.5 Trillion Now
http://www.moneynews.com/streettalk/george_soros/2009/01/28/175982.html

CHINA IN THE NEWS

Millions of Chinese set to lose jobs as New Year celebrations end 1/27/09
http://www.telegraph.co.uk/news/worldnews/asia/china/4361624/Millions-of-Chinese-set-to-lose-jobs-as-New-Year-celebrations-end.html

OBAMA NATION

Obama to hear advice of service chiefs on Iraq 1/28/09
http://news.yahoo.com/s/ap/20090128/ap_on_go_pr_wh/obama_pentagon

Obama's emissions policy a politicized 'dodge' 1/28/09
http://www.onenewsnow.com/Politics/Default.aspx?id=400094

Perspective: Obama's 'take out the trash day' 1/28/09
http://www.onenewsnow.com/Perspectives/Default.aspx?id=401704

Ohio firefighter quits band over Obama nod
http://www.google.com/hostednews/ap/article/ALeqM5g-ySrm4xl125cb207UhdOdFLRyXgD96077B80

IMMIGRATION ISSUES

U.S. Born Children of Undocumented Parents Sue Obama - 1/28/09
http://news.newamericamedia.org/news/view_article.html?article_id=4276386407fb681f77bfd30820503c45&from=rss

POLITICS

FBI tapes played for Illinois impeachment tria 1/28/09
http://news.yahoo.com/s/ap/20090128/ap_on_re_us/illinois_governor_impeachment

REAL ID IN THE NEWS

Lawmakers Urge O'Malley To Hold Off On "Real ID" 1/27/09
http://voices.washingtonpost.com/annapolis/2009/01/_a_dozen_democratic_lawmakers.html?wprss=annapolis

Defeat of fingerprint scanner with tape raises questions about Real ID 1/27/09
http://www.examiner.com/x-536-Civil-Liberties-Examiner~y2009m1d27-Defeat-of-fingerprint-scanner-with-tape-raises-questions-about-Real-ID

RELIGON IN THE NEWS

The fight against FOCA begins 1/28/09
http://www.onenewsnow.com/Politics/Default.aspx?id=399060

Week of 'tolerance' intolerant of traditional values 1/28/09
http://www.onenewsnow.com/Education/Default.aspx?id=400436

Court says Christian school can expel lesbians 1/28/09
http://www.onenewsnow.com/Legal/Default.aspx?id=401466

Pro-family advocates fight to keep adoption amendment 1/28/09
http://www.onenewsnow.com/Legal/Default.aspx?id=399024

Exported abortion 'not what people need' 1/28/09
http://www.onenewsnow.com/Politics/Default.aspx?id=400426

Attacks on faith are an opportunity, says Cameron 1/28/09
http://www.onenewsnow.com/Culture/Default.aspx?id=400206

ITS A MELTING POT IN THE GOOD OL' USA

Music City USA goes flat on 'English only' 1/28/09
http://www.onenewsnow.com/Politics/Default.aspx?id=401476

HEALTH NEWS

FDA report finds multiple problems at peanut plant (How come its always a leaking roof?) 1/28/09
http://www.yahoo.com/s/1022202

Study Finds High-Fructose Corn Syrup Contains Mercury 1/26/09
http://www.washingtonpost.com/wp-dyn/content/article/2009/01/26/AR2009012601831.html

The Failure Empire: Bob Greene Rakes It In, Oprah Fails 1/28/09
http://www.newswithviews.com/Richards/byron170.htm

TECHNOLOGY NEWS

Cox to test new way to handle Internet congestion 1/28/09
http://tech.yahoo.com/news/ap/20090128/ap_on_hi_te/tec_cox_internet

POLICE STATE NEWS

US Supreme Court says passenger can be frisked 1/26/09
http://www.boston.com/news/nation/washington/articles/2009/01/26/us_supreme_court_says_passenger_can_be_frisked/

CRIME AND CORRUPTION IN OUR GOVERNMENT AGENCIES

CIA Station Chief in Algeria Accused of Rapes
http://abcnews.go.com/Blotter/story?id=6750266&page=1