The private insurers that cover $700 billion of U.S. mortgages are facing an onslaught of foreclosures. The big three””MGIC, Radian, PMI””are at risk.
The housing market has been a cruel goddess, destroying the finances of millions of Americans and driving the economy and financial system to near collapse.
Now the capricious deity threatens to claim even more victims, as U.S. housing prices fall to new post-bubble lows and the backlog of foreclosed properties builds ominously.
i think it is time for all americans to step up and take our country back from all these fraudsters!!! from wall street to bankers to congress and arrest them and hang them on our court house steps.put them all under N.S.A. POLYGRAPH TEST LIKE ALL MILITARY PERSONAL HAVE TO GO THROUGH TO BE CAPABLE OF SECURING OUR COUNTRY. MAYBE THEN OUR COUNTRY WILL BE FREE AGAIN AND GET ON THE TRUE TRACK OF WHAT AMERICA WAS FOUNDED ON.
To bad the maps did not upload, but we get the picture.
Rick Scott thinks you should not worry until it gets down to 1 in 2 homes in foreclosure, yours and his.
I’ve been waiting for the Lender’s title insurance to hit the fan, as well as, soverign nations to sue, and for the ‘put backs’ to be requested for the CDS, REMICS, CDO and all the rest of the packaged ‘shit’ (to use The Morgue’s own words).
It seems its started…Here comes the crash.
$8 Billion to be paid by BofA for put-backs – https://www.zerohedge.com/article/bank-america-pay-85-billion-settle-mortgage-misrepresentation-suit-blackrock-pimco-new-york-