Deutsche Bank

Foreclosure Specialists Fannie and Freddie Spin a Deal Only the Foreclosure Kings in Trumps Cabinet Know Will Generate Cash by Sacrificing Homeowners Again

The Trump administration is vastly expanding the scope of condominium purchases eligible for lower-down-payment loans. The move by the Federal Housing Administration, could help revive the entry-level condo market for first-time buyers because FHA-backed loans require only a 3.5% down payment and lower credit score than conventional loans thus helping to fuel the foreclosure market.

Hey, Let’s Invest In Some Subprime Mortgages!

Ben Carson has joined the Committee to Re-Inflate the Housing Bubble.

The Trump administration is vastly expanding the scope of condominium purchases eligible for lower-down-payment loans.

The move, to be announced Wednesday by the Federal Housing Administration, could help revive the entry-level condo market for first-time buyers because FHA-backed loans require only a 3.5% down payment and lower credit score than conventional loans.

It also loosens financial-crisis-era rules and could expose the government to a higher probability of loan default if the housing market continues to slow and prices fall.

Let’s review some headlines: inverted yield curve, the Fed already acting like we’re in a recession, apparently endless if desultory trade war under way, etc. Stocks are all over the place, but it’s not just stocks:

The Merrill Lynch Move Index, which measures volatility in government bonds, has jumped about 43% this month, FactSet data through Friday show. Measures of currency volatility and oil-market swings through the Cboe/CME FX Yen Volatility Index and Cboe Crude Oil ETF Volatility Index also have risen in August. The currency volatility gauge last Monday hit the highest level since early January.

Yesterday saw the Dow drop 800 points and social media went into meltdown.

CFPB and All American Submit their Post Yellen Letters to the Fifth Circuit Resulting in Extra Briefing Requested

Will the Pro Se Burkes be afforded the same relief and supplemental briefing requested from CA5 in their Motion to Stay after Yellen?

Justice Gorsuch: “In this world, real people are injured by actions taken without lawful authority.”

Appellants, Joanna Burke and John Burke (“Burkes”), now file a motion to stay based on the events of last week at the US Supreme Court.

Collins v Yellen, The FHFA Supreme Court Decision 2021 Remands to Fifth Circuit

The court dealt a blow to shareholders, turning away a claim that the Federal Housing Finance Agency exceeded its statutory authority.

Steven Mnuchin Is Milking His Government Benefits to the Bitter End

Lodging for the Secret Service during Mnuchin’s April 2021 jaunt to Doha cost taxpayers more than $30,000, according to federal data.

Why is the Department of Justice Releasing Redacted Lender Details in Loan Fraud Scheme?

Three corrupt bankers and loan officers earned just shy of $7 million dollars in commissions with origination of $876 million in fraudulent loans.

Rewind: 2008 Financial Crisis: Indymac Bank

At the time its July 11, 2008 closure, IndyMac had assets of about $32 billion, making its failure the fifth largest bank failure in U.S. history.

Foreclosure Specialists Fannie and Freddie Spin a Deal Only the Foreclosure Kings in Trumps Cabinet Know Will Generate Cash by Sacrificing Homeowners Again
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Laws In Texas is a blog about the Financial Crisis and how the banks and government are colluding against the citizens and homeowners of the State of Texas and relying on a system of #FakeDocs and post-crisis legal precedents, specially created by the Court of Appeals for the Fifth Circuit to foreclose on homeowners around this great State. We are not lawyers. We do not offer legal advice. We are citizens of the State of Texas who have spent a decade in the court system in Texas and have been party to during this period to the good, the bad and the very ugly.

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