The Mortgage Crisis: Record Foreclosures
Posted on March 22, 2009
Filed Under Government Foreclosures |
In the wake of the government take over of mortgage giants Fannie Mae and Freddie Mac, John Taylor, President/CEO of the National Community Reinvestment Coalition talks about the record number of home foreclosures in the US (Sept. 10)
Duration : 0:1:10
Comments
11 Responses to “The Mortgage Crisis: Record Foreclosures”
Leave a Reply
keep in mind the …
keep in mind the stupis ppl who dont even look over their contract play a major role.
Predicted crisis in …
Predicted crisis in 2007, and over 1.5 mil views ?
watch?v=zORv8wwiadQ
It stunned me!
If you make 500 …
If you make 500 bucks per week…you shouldnt buy a 400,000 dollar house.
The C.R.A. (community reinvestment act) helped create this…and the revisions of 1995 really fueld the fire.
THANK YOU PRESIDENT CLINTON !!! Im sure you knew this would have take a few years to explode…and thought your wife would be on the ballot to ‘fix’ it.
NOT !!!!
I say sink or swim! …
I say sink or swim! Let them droned in their own swim hole they have made with their high interest loans lope holes hidden fees that they so love to screw Americans over with! By letting these greedy holes eat it this will make room for new or smaller companies to take their place!
us govt are the …
us govt are the worst crooks, why cant these losing their homes work their off like the rest of us that work and pay our bills? i work 60-70 hrs a week, those , no govt is gonna bail my white out, there is no leadership in the usa, its all mafia scum crooks , every politician should be hanged for treason and ruining a once great nation, let these crooks work an honest days work, but they cant they are thieves, liars, con artists, em
America is joining …
America is joining Russia and China in government essentially owning more of the country’s wealth. Does that mean that America is heading toward Communism??? If few more banks default, and the billionaires have already left the country by droves a while ago leaving the mess they create to the taxpayer to carry the burden. Billionaires took so much money doing what they do best, raking the profits, and now they left America hanging by a thread, as usual tax payer will pay thru the nose. COMMUNISM
I hope these Suits …
I hope these Suits know how to Flip my Burger becuase when their Greedy No Account ’s are all working at Burger King I dont want to Wait after working a Long Hard and Honest Day at my Blue Collar Job……I guess the Mortage Companys should have been honest when they gave ARM’s to Working Class Stiffs and Lied to them about the Market, Next time I EVER trust a Yuppie in a Monkey Suit with a Tie it will be a COLD DAY IN !!! (I took a fixed rate and have no problems….God bless the Rest !
The national bank ( …
The national bank (money masters) had a plan to extract all wealth from the people and government of the United States and thereby further enslave us. It’s not an accident.
Key words ” …
Key words “government take over”
NWO
wow, listen to this …
wow, listen to this you CEOs, Law Makers, whom ever cares:
High forclosure because:
1. Unequal Lending Pratices
2. Good credit consumer got bad loans
3. Unequal lives in America
4. Obama is white then 70+ % will vote for him and democrates shall occupy white house
5. before this crise, Bush sees it as a way to collect every penny out of americans and depleted their networth. along with high gas and food
6. i wanted fixed but was offered ARM from lender to lender with my 720+ credit score
wow
wow