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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.

Housing and Mortgage Markets May Have Recovered, but Risks Remain

This week, the world is remembering what is called “Lehman Weekend.” A decade ago, on September 15, 2008, the giant investment bank filed for bankruptcy, triggering what is now called the Great Recession. Lehman’s problems originated in portfolios of risky, subprime housing mortgages that it had bought, and for which it was ultimately unable to find buyers. After Lehman collapsed, government interventions saved Bear Stearns, AIG, Fannie Mac and Freddie Mac, while other banks crippled by subprime loans got help through the Troubled Asset Relief Program (TARP), a $700 billion recapitalization effort.

Today, 10 years on, lending has become more stringent. Banks have become increasingly risk-averse; default rates have fallen; regulatory compliance costs to prevent unhealthy lending have soared; and the banking and financial services sector is in better health. Home prices are prohibitively high in many markets, and median income levels haven’t risen sufficiently to create strong, new demand.

Ten Years after the Financial Crisis: Can It Happen Again?

Last week’s Toronto MoneyShow took place on the 10th anniversary of the collapse of Lehman Brothers and the financial crisis of 2008. I pointed out that Canada largely avoided the crisis because the banks never relaxed the lending standards like the United States did. There were virtually no subprime lending or so-called “no doc” loans at Canada’s six major banks, all of which survived the financial crisis.

Meanwhile, through a series of misdeeds, the U.S. government encouraged irresponsible mortgage lending. It started with the Community Reinvestment Act (CRA) of 1977 that encouraged banks and mortgage firms to help finance mortgages by low- and moderate-income earners.

In the early 1990s, the CRA was amended to encourage Freddie Mac and Fannie Mae, the two government-sponsored enterprises, to purchase and securitize mortgages of “affordable” housing. Since Freddie Mac and Fannie Mae were quasi-governmental agencies, Standard & Poor’s considered their repackaged mortgages as AAA.

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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