Do We Have Another Fannie Mae or Freddie Mac on Our Hands?

Gretchen Morgenson, The New York Times News Service: Like Fannie Mae and Freddie Mac before it, the Federal Housing Administration is suffering in a mortgage hell of its own making. F.H.A. officials say they won t need taxpayers? help, but we have heard that kind of line before. The F.H.A. backs $1.1 trillion of American mortgages.

http://truth-out.org/news/item/13223-do-we-have-another-fannie-mae-or-freddie-mac-on-our-hands



Why the Housing Recovery Is Nearly Homeowner-Less

Darwin Bond Graham, Truthout: Low interest rates by the Fed are causing investors to purchase foreclosed homes in blocks of hundreds.

http://truth-out.org/news/item/13883-why-the-housing-recovery-is-inequitable

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Banks, Get-out-of-jail Free Card

U.S. Banks Win Mortgage Fraud Settlement, Borrowers Lose

By Pratap Chatterjee

Ten major U.S. banks settled charges of illegally kicking people out of their homes for pennies on the dollar, under two agreements with the government announced this week.

http://www.informationclearinghouse.info/article33574.htm



http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=mortgage
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=foreclosure
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=housing
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=homeowner
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Big+Banks
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Fannie+Mae
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Freddie+Mac
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Federal+Housing+Administration
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=taxpayer
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Gretchen+Morgenson
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Pratap+Chatterjee
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Darwin+Bond+Graham

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