http://rightvoices.com/2008/04/22/and-the-reason-that-california-foreclosure-rate-is-up-327-from-07-levels-is-because/ in all matter of opinion, our adversaries are insane. Fri, 20 Nov 2009 03:20:40 -0600 http://wordpress.org/?v=2.8.5 hourly 1 http://rightvoices.com/2008/04/22/and-the-reason-that-california-foreclosure-rate-is-up-327-from-07-levels-is-because/comment-page-1/#comment-721400 Robert Wed, 23 Apr 2008 05:42:10 +0000 http://rightvoices.com/2008/04/22/and-the-reason-that-california-foreclosure-rate-is-up-327-from-07-levels-is-because/#comment-721400 During the home frenzy peak, we saw speculators selling homes to each other. When that becomes the majority of the sales, look out! The bubble is about to burst. During the home frenzy peak, we saw speculators selling homes to each other. When that becomes the majority of the sales, look out! The bubble is about to burst.

]]> http://rightvoices.com/2008/04/22/and-the-reason-that-california-foreclosure-rate-is-up-327-from-07-levels-is-because/comment-page-1/#comment-721399 Robert Wed, 23 Apr 2008 05:39:34 +0000 http://rightvoices.com/2008/04/22/and-the-reason-that-california-foreclosure-rate-is-up-327-from-07-levels-is-because/#comment-721399 What FAO says is true and is one factor of the problem. In general, the Gov't (led by the Democrites) has been pushing lenders to lend to poor and minorities that would normally not have qualified. The practice of "redlining" was attacked. So they relaxed the standards, and guess what? Now they can't pay and we have a problem. Instead of the Democrites being properly blamed, it is all the fault of the lenders. What FAO says is true and is one factor of the problem. In general, the Gov’t (led by the Democrites) has been pushing lenders to lend to poor and minorities that would normally not have qualified. The practice of “redlining” was attacked. So they relaxed the standards, and guess what? Now they can’t pay and we have a problem. Instead of the Democrites being properly blamed, it is all the fault of the lenders.

]]> http://rightvoices.com/2008/04/22/and-the-reason-that-california-foreclosure-rate-is-up-327-from-07-levels-is-because/comment-page-1/#comment-721397 FrmrArtyOffcr Wed, 23 Apr 2008 04:39:08 +0000 http://rightvoices.com/2008/04/22/and-the-reason-that-california-foreclosure-rate-is-up-327-from-07-levels-is-because/#comment-721397 I can tell you at least one reason why there are so many foreclosures. FHLMC encouraged lenders to give mortgages to illegal aliens, saying that illegal aliens were an "underserved market". Exactly how much greater a credit risk can someone be who could be deported at any time? The house next to mine went into foreclosure when the owner picked up his wife and five kids and headed back south of the border when the employer sanctions law passed in the state legislature. Now it's derelict and has been heavily vandalized. I can tell you at least one reason why there are so many foreclosures. FHLMC encouraged lenders to give mortgages to illegal aliens, saying that illegal aliens were an “underserved market”. Exactly how much greater a credit risk can someone be who could be deported at any time? The house next to mine went into foreclosure when the owner picked up his wife and five kids and headed back south of the border when the employer sanctions law passed in the state legislature. Now it’s derelict and has been heavily vandalized.

]]> http://rightvoices.com/2008/04/22/and-the-reason-that-california-foreclosure-rate-is-up-327-from-07-levels-is-because/comment-page-1/#comment-721369 Your Foreclosure . Info » And The Reason That California Foreclosure Rate Is Up 327% from … Tue, 22 Apr 2008 21:32:19 +0000 http://rightvoices.com/2008/04/22/and-the-reason-that-california-foreclosure-rate-is-up-327-from-07-levels-is-because/#comment-721369 [...] neha wrote an interesting post today onHere’s a quick excerptThe number of California homes going into foreclosure jumped last quarter to its highest level in more than 15 years, as the market continued to works its way through declining home values and a pool of at-risk mortgages that were … [...] [...] neha wrote an interesting post today onHere’s a quick excerptThe number of California homes going into foreclosure jumped last quarter to its highest level in more than 15 years, as the market continued to works its way through declining home values and a pool of at-risk mortgages that were … [...]

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