thestatedtruth.com | June 6, 2014
Home ownership in the United States has now fallen for 8 years in a row, and dropped to the lowest level in 19 years! To make matters even more interesting, almost 50% of all houses have no mortgages. This is an all time record up from 33% back in 2007-2008. Who is it then, that has […]
thestatedtruth.com | September 1, 2011
Will the arrogant banks finally get their comeuppance…..we’ll see? Chris Whalen, speaking on King World News (www.kingworldnews) and known as one of the top U.S. bank analysts, says Bank of America Corp (BAC) will probably have to restructure (go bankrupt) sooner rather then later, wiping out shareholders and giving bond holders a haircut. Whalen said the new Bank of America […]
thestatedtruth.com | November 27, 2010
The number of days since the average borrower in foreclosure last made a mortgage payment is now 492 days up from 382 days a year ago and a low of 244 days in August 2007.
thestatedtruth.com | October 21, 2010
These two giant white elephants funded more than 62 percent of new mortgages in the first half of this year, according to Inside Mortgage Finance, a trade publication in Bethesda, Maryland. It would seem that they some how managed to  loose money on every mortgage funded! Fannie Mae and Freddie Mac the mortgage-finance companies operating under […]
thestatedtruth.com | September 11, 2010
FDIC’s Bair Warns of Government “Exposure” in Mortgages WASHINGTON (Reuters) – A key U.S. banking regulator raised concern on Wednesday about the risk of “exposure” the government is taking on in the mortgage market and urged more stringent standards for underwriting mortgages. “We should all be concerned about the type of exposure that the government […]
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