CNN Headliner | How to rescue the housing market: Foreclosures! Experts say it’s time to push delinquent borrowers through the foreclosure process

 

HOW TO RESCUE HOUSING

NEW YORK (CNNMoney) — If the Obama administration really wants to save the housing market, it should speed up the foreclosure process — not prolong the inevitable, experts say.

Four years into the housing crisis, the real estate market is still teetering on the edge. The Obama administration has tried one program after another to stem the tide of foreclosures with limited success. And it is continuing to look for ways “to ease the burden on struggling homeowners,” though no new initiative is imminent, the White House said this week.

But some housing experts argue that the administration should go in a different direction than it has in the past. Instead, they say it’s time to focus on pushing many of those delinquent borrowers through the foreclosure process and putting foreclosed properties back into use.

While some of the 2.2 million loans in foreclosure can still be saved, many are too far gone, they say. Some 37% have not made a payment in more than two years, while another 34% have not made a payment in 12 to 23 months, according to Lender Processing Services.

“Loans enter into foreclosure, but never come out,” said Thomas Lawler, founder of Lawler Economic & Housing Consulting. “If this keeps going on, you have a continual overhang that never goes away.”

Check out the rest here…

~

4closureFraud.org

Comments
33 Responses to “CNN Headliner | How to rescue the housing market: Foreclosures! Experts say it’s time to push delinquent borrowers through the foreclosure process”
  1. Whippy says:

    Fuck CNN and that shit rag “MONEY ” no one reads.

    Nothing to say but except they are grossly incompetent, and a Fraudulent News Source.

  2. Beth A. says:

    I’m not a lawyer – just a compliance “geek” but it would seem that the law of the land (fed / state) would deem that any contract that was a device to cause fraud upon one or more others should be void.

    So, eat it bankster beasts.

  3. rictic says:

    The heading reads “How to Rescue Housing” and the CNN “experts” are gushing the Bankster Propaganda (we all know what expert means, “ex” – is a has-been and a “spert” is a drip under pressure). Well I’m a fairly simple bloke so I will give my simple plan on how to rescue housing.
    1 Throw all the Guilty bankster criminals in jail for a daily a$$-pounding from Bubba and his buddies. How’s that for doing God’s Work, eh Blankfein ?
    2 Make all the Banks that were part of the Securitization Fraud eat the sh*t-pile that THEY created. “But, but, but the undeserving Deadbeat homeowners will get a free home” the Banksters will cry. Well tough Mr Bankster you committed fraud now it’s time to get your just deserts. OK, OK to be fair lets just reduce the existing mortgages to 10% of what people paid. Happy now Mr Bankster, oh and Bubba is waiting for you just in that corridor.
    3 Anyone who was unfairly foreclosed on by a corrupt judicial system gets their home back. All refurbishment fees or pay-offs to people who bought these foreclosed properties well they come out of Mr Banksters pockets too. That sh*t-pile is just getting deeper Mr Bankster. EAT IT !!!

    We could do so much more to rescue housing, it’s a start !!!!

  4. Bloodsoaked says:

    HMMMMM! I know what CNN stands for. Controlled National News!

  5. Bloodsoaked says:

    Propaganda Experts. Not Housing Experts. How does one become an Housing Expert any way. What the FUCK is an Housing Expert? Just fancy word titles to imply some type of authority. They want to speed these forecloser thru because there time is running out and they know it. Obama has done nothing at all as President for this nation. He himself is a total fraud. He is not a President or comander and cheif. He is a puppet that looks like a black man. It is Deception He is the GREAT DECIEVER. Despicable that he likens himself with The Great Dr.Martin Luther King. The Ruling Elites have played the race card in a very cunning way to deceive the people. They want to keep us devided and promote bolth racial tentions and a devide between the middle class and upper middle class till the class is destroyed all together leaving only the Elites and the slaves. If your house whole income is a $150,000.00 -$300,000.00 a year. I’m shure your still probably doing ok for now. But very soon if things keep heading the way they are and the people do not unite and stop the NWO. You will be next to fall into frames of poverty and the poor. Because that income will be concider like minimum wage in the near future. Remember the Elites are Billion Airs. To a Billion Air a Million is mer penny’s. Stand with us or your turn will come. They have already started work on you to. How much is your home worth now? FRAUD FRAUD FRAUD must be STOPPED! Or we all pay no matter who you are. The banks have already been payed for these fraudulent loans thru the Ponzi sceme thru wall st. They sold our good names and now want to steel your house to do it all over again. Most people did not just stop paying their mortgage. they have lost there jobs do to the out sourcing all for profit of the corperate world. And other’s that where making there payments (Like Me) Where dupped into a fony Modification program and was told to stop making my payments. (had to be 3 Months behind) before I would be consider for a Fraudification). Isn’t it funny how it has to be 3 months behind the same time a loan has to be delinqinte for them to collect the inshurence claim on the loan. Again more fraud to get more money out of there scam. And they never put any money up in the first place. Then sell off the unsecured debt to a third party that fony’s up the paperwork to go thru with another fraud foreclosing under Fannie Mae and MERS ( BRILLIANT I MUST SAY). How many Polaticians made money off of Mortegage Backed Securities Investments all these years or off that market in some way? Is there a list somewhere? FRAUDI MAE and FUCKU MAC are government sponcered? What the fuck does that meen? Owned by the Polaticians not the Government. To me it is just a vehicle for the transfer of trillions of dollars to the real sponcers the polititions and there Banker freind’s as long as wher in bed lets have an orgy. And the BIG PRICK SQUIRTS OUT THE MONEY while we the people pay out the ass and never reach climax. THANKS FUCKER”S

    • lvent says:

      Right on! Securitization is a sham and a fraud….a propaganda tool to make you “think” they can take your home for and unsecured, fraudulently induced debt…IT IS A MORTGAGE FRAUD PONZI SCHEME…Truth is 97% of the fraudulently induced debt in this country is unsecured…..It is all a mind game, same thing with the credit score…..if we allow them to get away with this, the next thing will be the microchip in the hand…..like the tatoos in Nazi Germany…….Matt Taibi warned the people about this in one of his great Rolling Stone articles…..Just stop paying people the whole system is a fraud full of counterfeiting and fraudulently induced debt……It has always been a Ponzi Scheme with the pensions and the social security, the unemployment checks, but now they have just gone way too far….and want to steal everything from the people to bankrupt us to pay for all of their fraud..THEY ARE STEALING AMERICA……….This is a real Hitler Plan by the ruling elite….Wake up America, they are stealing your country for unsecured, fraudulently induced debts that they are not even owed!!!!!

  6. Beth A. says:

    Yeah, nevermind the truth – nevermind the fraud –
    I had to go post a comment amongst all that muck.
    Had to get a CNN log in to do it but will keep one handy for comment on any more ignorant trash they continue to spew.

    Amongst the article it states a whole “load” but this line stated:

    “Loans enter into foreclosure, but never come out,” said Thomas Lawler, founder of Lawler Economic & Housing Consulting. “If this keeps going on, you have a continual overhang that never goes away.”

    Beth A. (that’s me) says, “Mortgages were produced or made up to feed the securization beast – never mind the fraud, etc. – but some people actually had a real mortgage once – maybe just for a few weeks – but it was fed ito the beast and will never come out. To which I have to say the banksters will need to eat the fraud they have perpetrated – toss the mortgage loans out the window if you can’t prove a vested interest – write it off and leave those families alone!!”

  7. gregory says:

    More Bank Propoganda that CNN is dribbling out of their news desk, Yes lets throw 3.9 million americans on the streets. Even if they did push them all through their #1 wont be enough buyers to purchase the home,#2 wont be enough rentals to go around and #3 there is not enough jobs for everybody. So to me it’s just BULLSHIT news from CNN.

  8. housemanrob says:

    LET’S GET THOSE FORECLOSURE NUMBERS UP!!!!!….HERE PEOPLE. THESE NUMBERS ARE TOO LOW…..LET’S GET UP TO 100%. NOW WHO’S PAYING THEIR MORTGAGE….STOP THAT….HAVE YOU NOT LEARNED ANYTHING YET. STOP PAYING…THEY GO BROKE….WE WIN….END OF STORY! WAKE UP AMERICA!

  9. Ron Moss says:

    Now I see where the banksters get their authority. The CNN has plenty to spare

  10. housemanrob says:

    fUCK CNN FOR IGNORING THE REAL TRUTH, FOR THEY KNOW THE TRUTH, AND THEY JUST GO ON COVERING FOR THE CRIMINALS……WHICH AS FAR AS I AM CONCERNED….MAKES THEM CRIMINALS ALSO! HANG THE BANKSTERS, HANG THE MEDIA LIARS AND SEND THE LOBBYISTS TO THE GUILLOTINES…..OR WE COULD JUST HAVE A GIANT OUTDOOR BBQ!

    • lvent says:

      Right on Rob…they are lying for their owners….they are part of the Illuminati, one of the many tentacles of the New World Horder……THEY ARE ALL WORKING FOR THE SAME PIGS…….WE SHOULD HAVE A NATIONWIDE BOYCOTT OF ALL OF THESE TRAITORS……….
      My local news reported that Wikileaks got hacked for posting war stuff……Wikileaks tweeted that the Government shouldnt be hiding the truth and they are all PIGS…..Love that!!!!!!

    • Rob…You are so right on…it could not have been better said….They all know the truth…they all know what is happening….they all are guilty of aiding and abetting the crimials….we must start somewhere and soon…or that giant outdoor bbq will have a dangerous flame.

  11. What specialist are these? The bankster specialist? The crooks are at it again!!!!! We the people specialist that have a lot of experience in the being foreclosed on horror and victims believe it is time to throw the criminals in jail and receive restitution for their crimes so life can go on and the economy can recover. The TARP and HAMP were tools to steal more not to help us. Who do they think they are fooling? Insult to injury!

  12. lvent says:

    Blah, blah,blah, they are trying to turn all of us against each other and they are pulling the same old card out of the deck…Deadbeats homeowners..MAINSTREET is waking up to what WALL STREET DID….The Ponzi Schemers rang America up for 40 trillion in collateral fraud….There aren’t enough homes to collect to cover all of their fraud….Just fight the good fight folks! Force DISCOVERY on the pretender lenders. Make them prove the entire chain of title and produce the original note before they can produce a good phony in court…and get a qualified third party opinion about all of the fraud…… The only overhang here is the TBTF criminals and all of their minions and cohorts and the fact they are not all in prison.

  13. Michael Olenick says:

    The first half of their case is they need to speed up foreclosures to “rescue” the housing market, then they go on that they need to sell of the “glut” of already foreclosed on homes.

    Huh?

    Even if this wasn’t morally sick, it also doesn’t make economic sense. Since when does adding supply when demand is flat (or declining; who would buy a house with prices going down) ever increase prices? More of these “experts” need to be challenged.

    • housemanrob says:

      THIS AIN’T ABOUT LOGIC AND JUSTICE, IT IS ABOUT STEALING PEOPLE’S LIVES AND WATCHING THEM DIE. WHO CARES ABOUT THE AMERICAN PROPLE, RIGHT? WHEN IT COMES TO POWER AND WEALTH…..WE ARE NOW OBVIOUSLY EXPENDABLE……WE MUST TAKE BACK OUR COUNTRY NOW…..AND IMPEACH OBAMA!

      • CaitlinO says:

        Just curious – were you screaming “Impeach Bush!!” when he gave away trillions of our hard-earned dollars to the banksters in 2008?

      • Michael Olenick says:

        I was screaming impeach Bush from the day he stole an election here in my backyard, and for the next eight years.

        Though, as an early Obama supporter — back when people thought he had no chance — I’m disgusted with him too.

      • housemanrob says:

        michael, Right on, I voted for Al Gore and Obama……fell for his historical “yes we can trap”. BUSH should be tried for treason and war crimes…..and Cheney…and Obama should be impeached. I share your sentiments mirrorly!

      • Rob…I didn’t vote for either Gore or Bush….both were a real turn off to me….Gore had freaky ideas and Bush had a family background of being with the Nazis… starting with his grandpa. Prescot. And a petition is started in some state for Cheney and Bush to be charged for war crimes. Some countries I take it want Bush for war crimes. and maybe Cheney also…
        And I certainly did not vote for Obama…I saw what was the future on the walls…it was in plain site. This is his change and yes, we can do it..all .meaning the NWO. The change was not for America…

      • CaitlinO……Alot of people wanted Bush out when 9/11 happened….I did not vote for him because he had a family Nazi following…And his face alone gave away he did know of the Towers before hand……so years later when he gave so freely the money away….that was the frosting he put on the fallen cake to cover the defects….He was a fraud even before he got elected..because his Daddy was behind him to guide him on….

      • Rob…What is this country waiting for? Why is that not being done? I wonder what LaRouche has to say now…he demanded Obama to resign….but I have not checked his site lately….This must be started now….not next year.

      • housemanrob says:

        MY GOD MARILYN…..YOU ARE SO RIGHT! AND NOT ENOUGH OF US REALIZE WE ARE OUT OF TIME!!!! WAKE UP AMERICA, OR YOU’LL FIND YOURSELVES ON FEMA TRAINS EQUIPPED WITH GUILLTINES! THINK I’M KIDDING OR CRAZY? IF YOU DO YOU ARE SLEEPING!

  14. Kate J says:

    Someone needs to ask CNN WHO ARE THESE HOUSING “EXPERTS” and what is their real agenda! Some one needs to ask CNN why people are still in their homes after months or years of not making a payment. Gee, could it be that the banksters can’t foreclose without committing more forgery, (Robosigning) and fraud on the court to add to all the fraud they have already committed? CNN needs to open the can of worms and do some real investigative journalism, instead of spouting off crap fed to them by the banksters.

    • Kate…it took me years to realize that when they say ‘ expert ‘ it means they have an opinion.. be it right or wrong..notice the ‘ experts ‘ are always on the side against the people….Just as research done with the Pharma are experts and research outside of pharma is junk science…….just as we are taught in schools…when the Indians won the war it was a massacre…when the white man won the war it was a victory….there are many trick words to watch for….one word can change the meaning …such as experts…that is to make it sounds right when if fact it may be the opposite.
      The banks cannot prove they own the Note/Mortgage…the banks did not fund ANY MONEY. So fraud was repeated to cover up the fraud in origination at the closing….But they got caught….that is why more fraud was and is done now to still try and cover up. …one needs to understand why the courts are not looking to the homeowners side of the foreclosures…..the evil act against America…..We are right about all the frauds…..but the evil part has control of it all…..the Hitler plan…..behind the scenes. The foreclosures are to bring America down to ruins…the Hitler plan is to take over America soon …that is what we must get out to all America…Washington is NOT with us…TREASON….this is out and in the open…we are fighting a massive ponzi scheme of haters of America….if they win this country we will no longer be America….so foreclosures are minute size to what we all are facing……follow I vent’s comments and others…you will learn what and why this is all happening.

  15. Wealthy Inconveniences says:

    Let’s rescue “housing” (profits), let’s screw people. Tami Luhby must have really done some investigative reporting on this one.

  16. Fred Gandy says:

    Thomas Lawler is a WSJ hack. The Obama adminsitration has intentionally DONE NOTHING to assist victims of Banking fraud. Speed things up eh?

  17. maggie May says:

    THIS IS STILL BETTER THAN 3 WALLS AND 1 WALL OF BARS!

    • Bobbi Swann says:

      Maggie – what is the “this” you are making reference? The second part of your post refers to jail; but not sure what the “this” is so much better….???

    • agage46 says:

      People just remember ,CNN also drank the kool aid that the banksters was handing out and they are also controlled by the BANKS << If CNN is so good then why are they not covering the FRAUD from the banksters on how they stole monies from the tax payers,investors,counties across America through MERS , and now the same banksters want to steal people's Homes well there are a lot of lawyers just waiting to start SUING the hell out of the banks . The party is just getting started people so sit back and watch the fireworks fly along with the Sh*T hitting the fan …

Leave a Reply

Your email address will not be published. Required fields are marked *