http://www.youtube.com/watch?v=X9w3zi1RdtE


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The Domino Depression, Fannie Mae, Freddie Mac,and more lies



Back to school sales

Dim Holiday season
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Retirement myth
Consumer Spending
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Credit Card defaults

Option Arms

Fannie and Freddie

CHICAGO (MarketWatch) -- The rate of mortgages entering foreclosure hit another record high in the second quarter, as did the percentage of loans somewhere in the foreclosure process, the Mortgage Bankers Association reported on Friday. The delinquency rate, which measures mortgages that aren't in foreclosure but have at least one overdue payment, also was the highest ever recorded in the MBA's quarterly survey.
Category: News & Politics
Tags: Fannie Mae Freddie Mac Recession Great Depression 2008 2009 stock market Oil Euro Dollar Crash economy September

THE MAN ON THE VIDEO SAYS:

the mortgage companies, like COUNTRYWIDE , have so many homes missing their payments..........they are concentrating on foreclosures in the rich areas..........the $300,000 homes

the $80,000 homes in the South, who have not made their payments..........the company waits as much as a year before starting the foreclosure process