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Consumer Reporting Data
http://www.8newsnow.com/story/24538603/consumer-reporting-data
Consumer Reporting Agencies. Below is a list of consumer reporting companies – companies that collect information and provide reports on consumers that are used to decide whether to provide consumers credit, insurance, or employment, and for other

Book in a Volatile Market
http://www.dailyreckoning.com.au/book-in-a-volatile-market/2014/01/23/
The truth, according to the whistle-blower who has personally cancelled more than 200 mortgages because of LAF manipulation, is that the banks teach the brokers how to manipulate the LAFs to get loans past lending standards. The British inquiry If

What the new mortgage rules mean for you
http://money.cnn.com/2014/01/10/real_estate/mortgage-rules/
The new rules are designed to take a "back to basics" approach to mortgage lending and lower the risk of defaults and foreclosures among borrowers, according to the Consumer Financial Protection Bureau, which issued the new rules. "No debt traps. No

CFPB Directors Cordray's Prepared Remarks on Housing Market Reform
http://www.loansafe.org/cfpb-directors-cordrays-prepared-remarks-housing
The list is long, so bear with me – we take complaints about mortgages, credit cards, bank accounts, student loans, auto loans, credit reporting, debt collection, consumer loans, money transfers, and payday loans. Each perceived grievance is a chance

The Collapse of the Mortgage Lending Industry

This video is a list of US mortgage lenders who have closed or otherwise exited the mortgage lending business since late 2006.

Loans that brought down housing market making a comeback, experts warn

TAMPA — It's the return of loans that caused the housing market to crash. Some housing experts are warning subprime mortgages have made a comeback under a different name. But other housing experts insist they’re safer and helpful for Americans with less than stellar credit scores.

Subprime mortgages are the focus of Hollywood blockbuster, The Big Short. They're also the pin that burst the housing bubble.

“We had thousands of people who were seeking our services in a total panic," said Sylvia Alvarez. She's a U.S Housing and Urban Development approved housing counselor. She runs the nonprofit Housing & Education Alliance in Tampa.

Sylvia Alvarez helped many of her clients from losing it all. They were using these second-chance loans designed for people with low credit scores. They were approved for loans they could not afford.

“It’s a scary feeling," said Alvarez.

The crippling recession landed her in their shoes. She too lost her home: not to bad loans but to economic hardship.

10 Years After Housing Crisis: A Realtor, A Renter, Starting Over, Staying Put

Ten years ago, a slow-moving disaster shook the entire country: a financial meltdown that did not leave a single state untouched.

The main catalyst was a housing bubble.

Throughout the early 2000s, housing prices in some parts of the country rose, and rose, and rose. Homes with prices that for decades had steadily grown with inflation were suddenly worth 50 percent or 100 percent more.

The rapidly rising prices fueled extraordinary behavior. Home sales nearly doubled from 2000 to 2005. In some metro areas, prices were rising so fast that an investor could buy a house, sit on it for a couple months, and sell it for a profit.

For many homeowners, rising values made it attractive to refinance their mortgages and use their home equity to pay for other things — investment properties, remodels, cars.

Lenders let people pay more than they could afford for homes and devised extraordinary methods of doing so: loans described as “NINJA” (no income, no job, no assets), “liar” (no-verification “stated income” loans) and “exploding” (loans where the monthly payments would “explode” after a two-year promotional rate). Subprime lending soared.

Can you list the reasons you think houses prices went up so high during the housing bubble?

I can think of: 1) the govt manipulating interest rates and keeping them low for all those years after 9/11.


The Bush family has been stealing money from real estate for a long time, and they manipulate the market to make it easier for people to get loans so they can be foreclosed upon later.

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