An amendment to the financial reform bill filed yesterday by Sen. Al Franken, D-Minn., and Sen. Olympia Snowe, R-Maine, would create a special office to assist homeowners who are facing problems with the administration’s mortgage modification program. The measure has White House support [1], but is opposed by the financial services industry. As we’ve reported, […]
New Home Buyers: Beware LIBOR Mortgage Loans
Although the mortgage meltdown is still continuing primarily in the West and Southwest and Sunbelt States since the only real assistance that has been facilitated by the new Obama Administration has been directed toward new home buyers and pushing refinancing (which actually stimulates the bankers and Wall Street once more with all those upfront fees […]
GM Announces It Will Pay Back Gov’t Loan With Gov’t Money
GM will be begin paying back the TARP money in December [1], the company announced [2] this morning. It’s a statement in need of a little context. Basically, GM will be using a portion of its $50 billion in TARP bailout money [3] it received to in turn repay another portion of the TARP loans. […]
America Mortgage Loan Scams Still Going Strong For First Time Home Buyers, Refinances
For Any And All Constitutional Conserve-ative Americans: For just a glimpse at all the mortgage fraud going on in America which continues to go unaddressed by state and federal officials for political purposes most of all by the Federal Reserve and its member bank branches, take a look at this link at what is being […]
Nepal and ADB sign in a loan document
Nepal government and the Asian Development Bank have signed in a loan paper in Kathmandu today. The Bank has decided to lend Nepal a sum of eight billion and 241 million rupees to be used for local autonomy and community development, the agenda preferred by the bank. According to reports, the money will be spent […]
Of the Big Three Automakers, Ford Is Taking Initiative
It was back in late November in which United States Democratic President-elect Barack Obama had given blunt criticisms to the banks. Obama had said that the bank executives are already worth millions of dollars. He said that the bank executives do not need their bonuses. Obama said that if the bank executives forego their bonuses, […]
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