Loans // Current TV

Just In: House GOP Student Loan Interest Rate Reduction Proposal Passes House With Mandated Big Hit To Health Prevention & Education

Senate's up next

mfb1949
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1 month ago
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America's Chief Spokesmodel Panders to New Group

http://news.yahoo.com/blogs/ticket/obama-fallon-potus-slow-jams-news-video-123605434.ht... more

Progresshiv
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1 month ago
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2 comments

Department of Energy Loses Billions of Taxpayer Dollars in Bad Loans to Green Energy Companies

CBS Early Show covers the loss of billions of taxpayer dollars in Department of Energy... more

CarlosBobthe3rd
added this
5 months ago
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4 comments

Cotton for my shroud: genocide of farmers

"Since 1995, a quarter of a million Indian farmers have committed suicide - the... more

JanforGore
added this
5 months ago
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7 comments

Why Is College So Expensive? : And why it is out dated, and time for Internet education reform!

Quite frankly most students these days have been taken for a ride by a system that is... more

kennymotown
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7 months ago
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28 comments

http://www.ajc.com/news/attorney-for-graves-rogers-1095615.html

While U.S. Rep. Tom Graves was calling for fiscal responsibility in Washington his... more

nardo1224
added this
10 months ago
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2 comments

China warns US: pay your debt or no more iPads

Beijing -- The government of China has officially called in all of the loans it has... more

mbalton
added this
10 months ago
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0 comments

Article: Public Banking: An Idea Whose Time Has Come

The 1913 Federal Reserve Act let powerful bankers usurp America's money system in... more

frankpatton
added this
12 months ago
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0 comments

College Conspiracy

In College Conspiracy, an hour long video produced by the National Inflation... more

rodstradamus
added this
1 year ago
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9 comments

Mitt Romney writes off $250,000 in 200 loans

Mitt Romney is starting his 2012 presidential campaign by forgiving the remaining debt... more

letsliveinpeace
added this
1 year ago
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2 comments

http://punkpatriot.blogspot.com/2011/02/working-people-vs-wall-street-part-2.html

Now, I never aim to inspire defeatism, but today I aim to inspire disillusionment,... more

asherp
added this
1 year ago
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5 comments

Hold For-Profit "Colleges" Accountable

Six members of the Congressional Black Caucus (CBC) are supporting a... more

Progresshiv
added this
1 year ago
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8 comments

How Can We Pay for College?

Heidi discusses the challenges of paying for college when she and her husband fall... more

Progresshiv
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1 year ago
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2 comments

Bank of America pays Fannie Mae and Freddie Mac $2.6bn

Bank of America has agreed to pay US mortgage giants Fannie Mae and Freddie Mac about... more

eva2
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1 year ago
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0 comments

SMART PEOPLE DO STUPID THINGS; WHAT’S THE STUPIDEST THING YOU’VE EVER DONE?

Wow, stupidity. This is a word that everybody loves to hate. It's a penetrating... more

denisethornton
added this
1 year ago
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1 comment

Economic Miracle Workers

Prosperity is just around the corner!

Progresshiv
added this
1 year ago
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9 comments

Top 10 List For Your Loan Refinancing

As the concern has embellish materialized so in the event destined outcomes hit been... more

top10recent
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1 year ago
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0 comments

Small firms pay price of bank boom: As bankers celebrate more profits, more companies die from lack of loans

Small businesses are paying the price for the banks’ dramatic return to bumper... more

Maryleaf
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1 year ago
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1 comment

The Bank Bailout Continues: Mortgage Foreclosures

The foreclosure crisis in America is being distorted and diminished in the wake of the massive tax-payer bailout of the Banking industry. I personally know many people who have "under water" mortgages - trying to pay for a house that the Bank told you was going to go UP in value (while they bet against it doing so) - then the market price bubble "burst" (was caused by lying about the value of the item(s) and then massive stock dumping). So you have people who were told their $600,000 house would be easily refinanced in the rising market, now holding onto a $300,000 liability. And this is all a made up price for the "item" in the first place. An example from one person I know: Their Bank claims their house is worth $650,000. The house across the street of a similar size, with more land, was recently sold for $150,000.
So The homeowners beg for help from their Bank, who for the most part will run them around with lies and obstructionist tactics. The Banks are too big. If you can't get ANYONE to take responsibility for the actions of your company because it is always being filtered and lost through various departments, then evicting people who are trying to work with you after you sold them a bad mortgage - you deserve to be run out of town. But you can't run CHASE out of town - they are like a virus, everywhere. (And nowhere... lol)
What about help from the HAMP program? LMAO - Good LUCK, if you have been helped by this, LET ME KNOW!!! 6 MILLION - 4 MILLION (what's a few million homes between neighbors) people are in danger of losing their homes.
"The administration’s primary anti-foreclosure plan, the Home Affordable Modification Program, or HAMP, resulted in 295,348 permanent modifications by the end of April, the U.S. Treasury said on May 17." hmm...
If you start to talk to people in the hardest hit areas, you will see a common thread. In our community, it seems to be CHASE(Washington Mutual). They will not give the homeowner the same deal as they will sell the house for after foreclosure. They seem to "misplace" a lot of information. Some people have been told they have a modification, only to have people show up at their door to buy their house ("It was on the internet") or police come to evict them.
Why don't they just walk away? Because the Bank starts attacking people's credit. One popular trick with Chase seems to be telling the purchaser that they can't consider a modification until you DEFAULT on a payment. They tell you it won't go on your credit because it's "in negotiation." So they TELL you to default as a part of the made-up modification program. Then you get a call saying that you are in default so you can't be considered, or that your credit has gone down and/or are being threatened. A local woman I saw on the news described her experience with Chase as "going down the rabbit hole."
I think it destabilizes our economy and country to allow these Corporate People to commit crimes. Where is the regulation and Real help for the Homeowners? Why do we have to bail out the rich again, this time with our homes? If they took billions for US, why shouldn't they HAVE to loan money again and modify?
**From DN: *JPMorgan Chase Posts $3.3B Quarterly Profit*

"The financial giant JPMorgan Chase has posted a $3.3 billion first-quarter profit, a 57 percent increase from last year. The firm has received over $25 billion under the taxpayer-funded bailout."

http://www.democracynow.org/2010/4/15/headlines#2

http://www.businessweek.com/news/2010-05-19/mortgage-foreclosures-hit-record-as-job-losses-strain-budgets.html

http://sbj.net/main.asp?SectionID=18&SubSectionID=23&ArticleID=86963The foreclosure crisis in America is being distorted and diminished in the wake of the... more

Denica_Cassandra
added this
2 years ago
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4 comments

Graduate debts 'could rise to £40,000' under Russell Group plan

The Telegraph reports, the Russell Group (who represents 20 leading Universities in... more

Mcellie
added this
2 years ago
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1 comment

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