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

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