Bankers Field Services

It was reported in Realty Trac this week that the second quarter figures are in on the continuing mortgage and foreclosure mess, and exceed by 5% the figures from summer to fall. Summer, however, actually is the highest sales month for home sales historically.  The foreclosure figures to date far exceed those that are purchasing new homes at this point, except many being purchased now also by foreigners due to their higher currency exchange rates such as part time winter visitor purchases

Although Federal Housing Administration officials say the government agency that insures mortgages for low- and moderate-income buyers is on sound financial footing, the assurances didn’t do much to quiet skeptics at the Mortgage Bankers Association’s annual convention in San Diego this week.

Written on October 15, 2009 – 2:36 pm | by Schizo America | The creators of the TRILLION DOLLAR debt that imploded the American economy are now paying themselves $140 billion in bonuses.For paying back taxpayers?No, for getting multi-trillions of dollars for their banks…Shouldn’t YOU be paid $140 billion, towards principal?  Or as interest on the multi-trillions you allowed to be funneled to these ‘failing’ banks?Related PostsMichael Moore tries to make citizen’s arrests at AIG.