John Conyers / Marcy Kaptur Fannie Mae Letter – Ask Secretary Geithner and the FHFA to STOP Fannie Mae from Suing Homeowners with Taxpayer Dollars

Print, sign and send… It’s that simple… ~ ~ John Conyers / Marcy Kaptur Fannie Mae Letter [scribd id=35919194 key=key-2ek6m38b7hm64spxkzpz mode=list]

NY TIMES – Deadbeats??? Biggest Defaulters on Mortgages Are the Rich

“Two years ago when the first waves of defaulting mortgages started occurring I saw a lot of ‘moral hazard’ references in comment sections. The less well to do and financially unsophisticated were scorned for being so foolish as to take on debt they should have known they couldn’t handle. So where’s that moral hazard now. … Read more

Yep, Those Scumbag Deadbeat Defaulting Homeowners Finally Pay the Price

Somebody Everybody want to educate this “fool” on how the Homeowners took down the Entire Global Economy??? Defaulting Homeowners Finally Pay the Price By Dan Caplinger July 2, 2010 | Comments You can send Dan feedback via email Excerpts… For years, defaulting homeowners who couldn’t repay their mortgages have been portrayed as victims. That mentality … Read more

Really? – The Federal National Mortgage Association (Fannie Mae) Just Spent $50,000 (of basically your money) on New Domain Name

Cant seem to find the original source on this but there are quite a few sites reporting that Fannie Mae just spent $50,000 (of basically your money) on a new domain name last week; ~ ~ Domain Name………. Creation Date…….. 1997-09-10 Registration Date…. 2010-06-22 Expiry Date………. 2011-09-10 Organisation Name…. Fannie Mae Organisation Address. 3900 Wisconsin Avenue NW Organisation Address. Organisation Address. Washington Organisation Address. 20016 Organisation Address. DC Organisation Address. UNITED STATES Admin Name……….. Fannie Mae Tech and Admin Contact Admin Address…….. 3900 Wisconsin Avenue NW Admin Address…….. Admin Address…….. Washington Admin Address…….. 20016 Admin Address…….. DC Admin Address…….. UNITED STATES … Read more

Federal Reserve Board Report – The Depth of Negative Equity and Mortgage Default Decisions

In other words the “lenders” business model has failed because of the frauds they perpetrated on America… They had it sooo good but took it way too far… Finance and Economics Discussion Series Divisions of Research & Statistics and Monetary Affairs Federal Reserve Board, Washington, D.C. The Depth of Negative Equity and Mortgage Default Decisions … Read more

Fannie Set to Punish Strategic Defaulters

Fannie and Freddie were responsible for so much of this meltdown – and now we have to listen to their ranting and thuggery.  Is there a hole deep enough for these guys? The Market Ticker by Karl Denninger First, Fannie Mae ran crooked books for years, got caught, ran insane risk models for years more … Read more

Strategic Default – Rapper Chamillionaire Ridin’ Into Foreclosure on Houston Mansion

WSJ Giving back the house has officially gone mainstream, which might have lenders singin’ the blues. Rapper Chamillionaire, known for his song “Ridin’,” became the latest homeowner choosing to default on his mortgage. He abandoned his Houston mansion instead of making payments on a house that’s worth less than what he paid, TMZ reports. The … Read more

The Market Ticker – Consumers Learning From Banksters

The Market Ticker Posted by Karl Denninger No surprise here…. Foreclosure has allowed them to stabilize the family business. Go to Outback occasionally for a steak. Take their gas-guzzling airboat out for the weekend. Visit the Hard Rock Casino. Yes, the tone of the article is rather negative toward these individuals. Guess what – I … Read more