We are in a national foreclosure crises. Not only are a record number of homes in foreclosure, but additionally due to the illegitimate evolution of financial practices during the GW Bush administration, now it is nearly impossible to track a clear title to properties and banks and mortgage companies started using fraudulent means to process a foreclosure.
Today foreclosure processing fraud is so rampant, the largest mortgage holders and 45 of the 50 US states have been required to declare a moratorium in foreclosure processing.
Rep, Alan Grayson explains the details of the fraudulent methods being used by banks and mortgage companies.
@k3304
100% wrong.
The mortgage crises was caused by financial policies by investment banks, and mortgage loan institutions which created phony, highly leveraged "investments".
Schemes which imploded when the economy inevitably went into recession due to GOP and GW Bush inept administration of the economy, jobs, imports, unpaid for wars, tax cuts for the very wealthy.
As usual, you Republicans attempt to blame the victims of the bass ackward policies GW Bush and the GOP put into place.
leschwartz 1 year ago
freebies and low income mortgages that Grayson endorses caused the housing crisis
k3304 1 year ago