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5 Ways Wall Street & Washington Set Us Up for the Crash

Nomi Prins, what are the five ways that Washington and Wall Street has brought us to this crisis?
NOMI PRINS: Well, it’s a historical matter, and basically there’s been a lot of legislation that has weakened the regulation of the housing industry and the lending industry and the trading that takes place with it that Wall [...]

Popularity: 4% [?]

Boiler Room 2.0 - Investors Press Lenders on Bad Loans

Two bad loans go around the outside, around the outside, around the outside……………………
Two fraudulent loans go around the outside, around the outside, around the outside. Now, dosie doe your investor.
Looks like investors have finally got hip to the fact that they bought a bunch of fools gold on Wall Street.
Imagine that? These gigantic investment brokerages [...]

Popularity: 6% [?]

New Bill Will Let Homeowners Sue Wall Street Over Their Subprime Mortgages

Please watch the MSN Video here
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You have to jail the source. Wall Street, then the Banks/Lenders, then the brokers and maybe some consumers

Reader Contributed - Chris the Mortgage Broker - In response to this post
I’m a broker and let me lend a little light on who should go to jail first. And yes, JacMac is right; you will be attack for your comments before the day is over. Get ready
You have to jail the source. Wall [...]

Popularity: 1% [?]

Blame us, the lending industry and Wall Street, we DESERVE it, NOT the distressed homeowner.

By Poppy (30 year mortgage industry veteran and senior underwriter) 
Well, my hat is off to you citizens of America, you have not disappointed me once again.  Just about everyone that responds to the articles in the Newspapers and Media that report on this now widening foreclosure debacle, has in their infinite wisdom, deemed that the distressed [...]

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New York Attorney General Subpoeanas Wall Street Brokerages

Alright Wall Street. It’s time to prove that you guys were all innocent brokers of toxic subprime mortgages. It’s time to play dumb and act like you had no idea that what you were slicing, dicing and distributing all over the world was not part of a sick grand ponzi scheme to make you all [...]

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Wall Street Needs to Modify Their Attitude Towards Loan Modifications

We are now in the midst of one of the biggest cluster f*%! that this great country has ever been entangled in. Wall Street movers and shakers are practicing their “everything will be alright” smiles to mask their frightened reality and shaking knees. They say, “Yeah, the mortgage market is crap, I know you lost your [...]

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Countrywide is Ripping Off Their Investors and Foreclosing on Good People

There seems to be so much confusion between Wall Street, the SEC, congress, media, non-profits and homeowners lately in regards to loan workouts and loan modifications. It appears that there is absolutely no clear and concise rule or procedures on how these can be done and who qualifies. It’s as if the formula for approving a loan modification is locked [...]

Popularity: 2% [?]

Safe Loan Modification Service

888-432-6634

M-F 8am-7pm PST

Open Saturdays 9am-3pm

Law Office of Gregory A. Paiva & Associates

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    • Did they change the terms of your loan to an arm? This is too risky
      catan785 | 13Aug08 | More
    • I am in limbo myself. Countrywide offered me a modification however the interest rate would adjust in five years. ...
      catan785 | 13Aug08 | More
    • How about also arresting this Countrywide employee, Cheaters Among Us, Sue Barry, http://reno.broowaha.com/article.php?id=3415.Sue Barry has been a loan officer and ...
      Edward | 13Aug08 | More