Misery of householders in repossession hotspot
Rochdale has been named as a national hotspot for home repossessions. The town was the tenth worst in the country in a list published by housing charity Shelter. The table shows mortgage lenders issued possession orders for 335 homes in Rochdale in the past year – a rate of 5.24 per every thousand homes.
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Source: Rochdale Observer
Date Published: 25th June 11
J.P. Morgan fined by SEC over mortgage securities
J.P. Morgan Securities will pay 4 million to settle regulatory charges that it misled investors in a complex mortgage-securities transaction at the onset of the collapse of the housing market.
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Source: Market Watch
Date Published: 21st June 11
Thomas Sowell on the Housing Boom and Bust
Thomas Sowell discusses how we got into the current economic disaster that developed out of the economics and politics of the housing boom and bust.
Housing Price Conundrum (part 3)
Why did lending standards become more and more lax from 2000 to 2006?
Nigeria: Making Housing Fund Contribution National Agenda
The availability of decent housing in any society can help check vices such as lack of security and poor health. SAMSON ECHENIM writes that the time to inject life into the National Housing Fund scheme is now, to effectively bridge the wide gap the lack of adequate housing in Nigeria has created.
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Source: AllAfrica.com
Date Published: 24th June 11
JPMorgan to pay YS$153.6M to settle civil fraud charges over complex mortgage investments
WASHINGTON – JPMorgan Chase & Co. has agreed to pay US3.6 million to settle civil fraud charges that it misled buyers of complex mortgage investments just as the housing market was collapsing. J.P. Morgan Securities, a division of the powerful Wall Street bank, failed to tell investors that a hed
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Source: Canadian Business
Date Published: 21st June 11
Extreme Solutions to The Housing Nightmare
Join the Facebook Channel www.facebook.com Extreme Frugal Housing – Low or No Cost Living. Housing can be the biggest cost in our society and reducing it, is one way to fast track your life to a “survive and thrive” stance immiedietly. There are thousands of options in reducing your monthly housing costs, I will be reviewing some extreme examples of frugality I have seen and experienced. Lets start with addressing the topic of low income governement housing. Relying upon government is the last option I would reccomend in any case, section 8 reduced rent has an extremely long waiting list, often 2 years or more. Being on a government housing program will often trap you in a dangerous community. It can also be a disencentive to earning more income, because you are penalized for penalized for making additional income. If you choose this route, an unorthasox and very difficult way to circumvent the wait time is to enter an emergency homeless or domestic abuse shelter with your family and survive for 30 days. Usually you are fast tracked ahead of the masses and gifted all sorts of government hand outs like free vip (no copay) medical care, free public transportaion, free day care, free food stamps and job assistance. Now for the legitimate extreme ways to opt out of the mortgage rent based housing economy. 1. Stop Paying the Mortgage Many Americans are participating in this program naturally. Depending upon the bank forclosing and your attorney, you may have 1 to 3 years of …
$200 million to be paid in fraud suit
Investment firm Morgan Keegan & Co. is paying 0 million to settle civil fraud charges that it overstated the value of mortgage investments just as the housing market was collapsing in 2007 and lured buyers of its funds with false sales materials.
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Source: The Post and Courier
Date Published: 23rd June 11
JPMorgan to pay $153.6 million in SEC fraud case
JPMorgan Chase & Co agreed to pay 3.6 million to settle U.S. Securities and Exchange Commission charges that it defrauded investors who bought mortgage securities sold just before the nation’s housing market collapsed.
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Source: Reuters via Yahoo! News
Date Published: 22nd June 11
JPMorgan to pay $153.6 million in SEC case over CDO
JPMorgan Chase & Co said on Tuesday it agreed to pay 3.6 million to settle U.S. Securities and Exchange Commission charges that it misled investors about a mortgage securities transaction just as the nation’s housing market was starting to plummet.
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Source: Reuters via Yahoo! News
Date Published: 21st June 11
