Archive | July, 2011

Law Catching Up with Criminal Masterminds!


It has been revealed that the events leading up to the collapse of the economy were a decade into the making. In 2000, an employee at Fannie Mae, the government sponsored bank, discovered a loan that had been sold to it by another bank. It appears that the criminal mastermind behind all this was Colonial […]

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Modification Programs Fail to Deliver


The government’s modification efforts have greatly fallen short of targets and have been criticized for not having done enough to compel banks into aggressively offering the option to their clients. The modification relief program launched by the Obama administration had aimed to help at least 3 million homeowners, instead only 730,000 mortgage borrowers have benefited […]

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Difficult Times are Here to Stay!


The problems plaguing the home loans market shows no signs of improving any time soon. In fact, things may get a lot more difficult despite claims to the contrary by industry bodies and government representatives. The crisis has not just led to job losses, it has wiped out entire industries; for example the high tech […]

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