Foreclosures rise. It's all over

[Skull Pilot]

And all the GOP have taken pledges to prevent any fixing from being done. But in spite of that, the economic picture is far brighter than when you people got down with us in 2008.

really?

then why am I and every other business owner I know doing worse this year than in 2008?

 

[g5000]

All this shit came about from bleeding heart liberals appeasing the "less fortunate" by enabling them to obtain mortgages they could not afford to pay. The liberals just bought themselves some votes at the expense of the housing market.

The housing bubble occurred in Ireland and Iceland and Spain and Italy and England. The tranched products from these were bought in just about every country, city, and burg on the planet. There was also a corporate bond bubble and a sovereign debt bubble. They all used the same template.

This was a derivatives bubble, not merely a subprime bubble.

So unless you are prepared to prove the negroes of Iceland were responsible for the global derivatives bubble, you should probably not speak about which you know nothing. You are parroting bogus talking point which were discredited long ago.

 

[Truthmatters]

more Americans blame Bush than Obama.

they also blame the republicans for keeping this country down.

good work cons

Not for Obama doing a horrid job on the economy... Get back to over eating TM, it's what you're good at... sitting, and eating.

Ahhh The "your a poopy pants" argument.


it doenst change the facts.

Your party crashed the entire world economy just a couple of years ago.

people dont forget facts like that

 

[WillowTree]

more Americans blame Bush than Obama.

they also blame the republicans for keeping this country down.

good work cons

Not for Obama doing a horrid job on the economy... Get back to over eating TM, it's what you're good at... sitting, and eating.

Ahhh The "your a poopy pants" argument.


it doenst change the facts.

Your party crashed the entire world economy just a couple of years ago.

people dont forget facts like that

teee heeee heeee. damn powerful those Republicans ain't them?

 

[naturegirl]

Obama is a complete failure. He campaigned on the promise he could "fix" the "mess". He said himself if it was not done in three years he had a one term presidency. Guess what, it's not done, his inexperience and lack of understanding has made this much worse. His policies are holding the recovery back. It was worse than they thought?????? WTH???????

He may have launched investigations but as with everything else, it got side stepped. Where is this now?? Everyone in the real estate business knew this wave of foreclosures was on the horizon, it's not a surprise to anyone but perhaps Obama himself.

He's done, the US and the World will be much better off when he is.

 

[g5000]

Foreclosures up for first time in 27 months - Yahoo! Finance

NEW YORK (Reuters) - Foreclosure starts rose year-over-year in May for the first time in more than two years - though they fell on a month-to-month basis - as banks resumed dealing with distressed properties after a mortgage abuse settlement earlier this year, data firm RealtyTrac said on Thursday.

more at the source

Numbers look bad. Three years of HAMP and a few billion dollars thrown at bailing out homeowners and the housing market still sucks, and will get worse. Will Obama run on his economic record now?

I can't help but notice you did not quote some very important information which completely negates your claim.

The banks are getting to a place where they consider their foreclosure processing issues resolved, so they're confident enough to go ahead and push through more foreclosures," Blomquist said.

Blomquist noted the jump in foreclosure starts was not a sign that a new crop of borrowers was beginning to miss payments, citing figures from the Mortgage Bankers Association indicating new delinquencies fell in the first quarter of 2012.

Foreclosures had dropped because banks were freezing their process after they were caught committing massive fraud in the robo-signing scandal.

Now that the government has once again not put any of them in jail and gave them a slap on the wrist, they are resuming normal operations.

 

[ConservaDerrps]

Foreclosures had dropped because banks were freezing their process after they were caught committing massive fraud in the robo-signing scandal

Would rather not say "why," but I have first-hand knowledge that this is 100,000,000% correct.

 

[g5000]

The behavior of UnConservatives is really strange these days. They are defending criminals. In my younger days, it was liberals who defended criminals by turning the blame on society and politicians!

 

[Truthmatters]

Heres your problem cons.


the American people are not all as stupid as the republican base.

They can see the improvement over what a republican party of jsut a couple of years ago preformance.


Remember how for decades you have exscoriated Cater?


Your clowns actions get remembered too.

 

[Truthmatters]

The republican party success is dependent on selective amensia

 

[Papageorgio]

Heres your problem cons.


the American people are not all as stupid as the republican base.

They can see the improvement over what a republican party of jsut a couple of years ago preformance.


Remember how for decades you have exscoriated Cater?


Your clowns actions get remembered too.

I'm glad you are informed, give my your reason why Obama is wanting to pursue his new trade agreement and how will it help our economy grow and reduce unemployment?

 

[theHawk]

Right. The housing meltdown had NOTHING to do with predatory lending practices, despite what, oh, every independent assessment of the situation says. Of course some less than savvy people took out mortgages they shouldn't have; but by and large the overwhelming majority of the blame has to be one the lending institutions. Why? Because it's THEIR money they're lending. They're the ones who should be able to cut through the shit and figure out if the loan's a good one.

Oh that's right, they stopped caring if we all lost our houses as soon as mortgage-backed securities became a thing, huh? So now, instead of rooting for us ALL to succeed, they kind of don't care either way and then we get what we got.

Sometimes it really IS important to not have a half-baked, bullshit, rhetoric-filled explanation of the truth.

"Predatory lending practices"....that must be were an innocent man it walking down the street when the big evil bank yanks him into their doors and forces him to sign for a loan.

Because you know, banks just love lending their money to high risk folks at very low interest rates....

 

[ConservaDerrps]

Right. The housing meltdown had NOTHING to do with predatory lending practices, despite what, oh, every independent assessment of the situation says. Of course some less than savvy people took out mortgages they shouldn't have; but by and large the overwhelming majority of the blame has to be one the lending institutions. Why? Because it's THEIR money they're lending. They're the ones who should be able to cut through the shit and figure out if the loan's a good one.

Oh that's right, they stopped caring if we all lost our houses as soon as mortgage-backed securities became a thing, huh? So now, instead of rooting for us ALL to succeed, they kind of don't care either way and then we get what we got.

Sometimes it really IS important to not have a half-baked, bullshit, rhetoric-filled explanation of the truth.

"Predatory lending practices"....that must be were an innocent man it walking down the street when the big evil bank yanks him into their doors and forces him to sign for a loan.

Because you know, banks just love lending their money to high risk folks at very low interest rates....

Yes, they do love doing that when they know that it's a safe bet no matter what.

Look, fucktard, if you're going to get into this debate, go and read. Go and study. Go and actually fit the pieces together. Educate yourself, and then maybe I'll waste some brain-gold on your dumb fucking face.

 

[Truthmatters]

Heres your problem cons.


the American people are not all as stupid as the republican base.

They can see the improvement over what a republican party of jsut a couple of years ago preformance.


Remember how for decades you have exscoriated Cater?


Your clowns actions get remembered too.

I'm glad you are informed, give my your reason why Obama is wanting to pursue his new trade agreement and how will it help our economy grow and reduce unemployment?

WTF?????


you just asked an intelligent question.

Are you OK?

 

[theHawk]

the American people are not all as stupid as the republican base.

They can see the improvement over what a republican party of jsut a couple of years ago preformance.

What an improvement!

The net worth of the average family is down 40%, deficit tripled, 4 million less people working, real unemployment at 20%.

 

[Truthmatters]

Trade is good for a country in this increasingly global economy

 

[Rat in the Hat]

Heres your problem cons.


the American people are not all as stupid as the republican base.

They can see the improvement over what a republican party of jsut a couple of years ago preformance.


Remember how for decades you have exscoriated Cater?


Your clowns actions get remembered too.

Who is Cater? And what does "exscoriated" mean?

 

[Truthmatters]

the American people are not all as stupid as the republican base.

They can see the improvement over what a republican party of jsut a couple of years ago preformance.

What an improvement!

The net worth of the average family is down 40%, deficit tripled, 4 million less people working, real unemployment at 20%.

[ame=http://www.youtube.com/watch?v=T6bmEv2-rFA]President Bush's speech on the financial crisis 9/24/08 (1) - YouTube[/ame]

 

[tjvh]

Heres your problem cons.


the American people are not all as stupid as the republican base.

They can see the improvement over what a republican party of jsut a couple of years ago preformance.


Remember how for decades you have exscoriated Cater?


Your clowns actions get remembered too.

Who is Cater? And what does "exscoriated" mean?

Stop prodding the sheeple.

 

[theHawk]

Right. The housing meltdown had NOTHING to do with predatory lending practices, despite what, oh, every independent assessment of the situation says. Of course some less than savvy people took out mortgages they shouldn't have; but by and large the overwhelming majority of the blame has to be one the lending institutions. Why? Because it's THEIR money they're lending. They're the ones who should be able to cut through the shit and figure out if the loan's a good one.

Oh that's right, they stopped caring if we all lost our houses as soon as mortgage-backed securities became a thing, huh? So now, instead of rooting for us ALL to succeed, they kind of don't care either way and then we get what we got.

Sometimes it really IS important to not have a half-baked, bullshit, rhetoric-filled explanation of the truth.

"Predatory lending practices"....that must be were an innocent man it walking down the street when the big evil bank yanks him into their doors and forces him to sign for a loan.

Because you know, banks just love lending their money to high risk folks at very low interest rates....

Yes, they do love doing that when they know that it's a safe bet no matter what.

Look, fucktard, if you're going to get into this debate, go and read. Go and study. Go and actually fit the pieces together. Educate yourself, and then maybe I'll waste some brain-gold on your dumb fucking face.

LOL, a "safe bet".....I guess thats why they ended up going belly up.