Natalie Fuentes was about to lose her foreclosure battle when her lender said it would work out a loan modification so she could stay in her home of 13 years. ...more

November 18, 2008

Natalie Fuentes was about to lose her foreclosure battle when her lender said it would work out a loan modification so she could stay in her home of 13 years. ...more

November 17, 2008

First of all, although I voted Republican, I give my full support to President-elect Barack Obama. We will see. A man is judged by his deeds. It will help if we understand the problem. First of all there was 9-11, the three wars, tornadoes, earth quakes, floods and hurricanes (aid to tsunami victims, aid for malaria, AIDS and famine,) two years of Democrats saying how bad things are (how things are perceived becomes reality.) Add crooked Wall Street executives, crooked Congress involved in Fanny Mae-Freddie Mac (their directors also,) greedy people speculating on properties, filling the market with bad paper and you see it is no easy task. It will take the effort of all of us. Citizenship comes with certain responsibilities: you must vote, keep working in spite of all hurdles, and pay your share of taxes, no exceptions. We cannot get free stuff, it all comes at a cost. The more the government pays our way or does stuff for us, the more power it gives the government over us. Was your vote dependent on a tax break or cash stimulus? ...more

November 14, 2008

There's at least one mortgage company that still sees opportunity in the real estate market. ...more

November 6, 2008

FEDERAL REGULATION McCAIN: Typically an opponent of government regulations, he has promised tougher ones for the financial industry in response to the current crisis. Though he has not been specific, McCain has said he would reduce the number of federal agencies overseeing banks, thrift institutions and markets to make accountability clearer while imposing tougher capital and disclosure requirements. ...more

November 2, 2008

With all of the purely politically motivated negative action taken on the part of Congressman Barney Frank, chairman of the House Committee on Financial Services who uttered these now famous words, "These two entities - Fannie Mae and Freddie Mac - are not facing any kind of financial crisis," now comes another potential result of his committee's utter disregard for the advice of the Bush administration to take steps to rein in these two entities. ...more

October 21, 2008

The Federal Bureau of Investigation is struggling to find enough agents and resources to investigate criminal wrongdoing tied to the country's economic crisis, according to current and former bureau officials. ...more

October 19, 2008

Let's get something straight. The U.S. House of Representatives has been in Democratic hands for two years. The Democrats chair all committees; rule the roost. The latest Rasmussen tracking poll finds that 9 percent of the public thinks Congress is doing a good job. Fifty-two percent think Congress is doing a poor job. The leader of the House is Nancy Pelosi from San Francisco, the most politically strange city in America. Our congressman Tim Mahoney is part of that majority. That majority has failed to face the energy crisis, failed to act, improve health care, failed to act on Iraq and failed to fix Social Security. Their leadership is standing still. ...more

October 17, 2008

A. J. D'Amario of Hudson says Barack Obama has a closet full of skeletons. ...more

October 15, 2008

In response to questions surrounding why Congressman Tim Mahoney voted in favor of the House bill providing a record bailout to the financial institutions, Mahoney replied: "This really was more about Main Street than it was about Wall Street, and what a lot of people don't realize is the interconnectivity between the two, and that's something that was lost on some of my colleagues." Is that what it is all about? Here I thought it was about Mahoney coming to the rescue of his special interests buddies, Freddie Mac and Fannie Mae, from which he has received thousands and thousands of dollars worth of campaign contributions. I guess he forgot to mention that in all of his quotes and interviews, but I can see what he means about this not having to do with Wall Street. I mean who would want to talk about how they are deep in the pocket of special interest groups? ...more

October 9, 2008