Home Foreclosures Rise 7 Percent in October

How’s that “hope and change” working for you folks? Are you seriously wanting four more years of this inept community organizer? Obama makes Rick Perry look like a genuis!

Banks are not going to let people not pay their notes forever. The banks have been IV Dripping foreclosures, so instead of the collapse taking as year or two it will take half a decade or more.

and fannie wants 7 billion more from taxpayers, those same taxpayers they’re tossing on the streets left and right, are these people at fannie and freddie fricken serious

It’s Bush’s fault!

pythoncharly…I guess the Democrat party had NOTHING to do with the oversight of Freddie Mac or Fannie Mae, right? I suppose the Democrat party is also not responsible for ANYTHING they enacted during the 40 years they controlled both houses of Congress (1950s to 1994), right? Is there ANY man, woman or child in the Democrat ranks willing to take ownership of all the horrors they have inflicted upon this country? Someone, please grow a pair!

Change needs to happen inside I-495 just north of the Potomac river and so far it ain’t happened. We’ve been sold a bill of goods and his name is Barrack Obama. And if you think he gives a rat’s ass about you personally, I have only to remind you…he’s a POLITICIAN!!!

S said, “I suppose the Democrat party is also not responsible for ANYTHING they enacted during the 40 years they controlled both houses of Congress (1950s to 1994), right?” —- Uh, didn’t the Republicans control the Senate from 1981-1989 when Reagan started the big spending spree?

Yep , the conservatives are trying to pin their well-documented inability to lead on a convenient scapegoat , like they always do. Why can’t they man up and admit that they were the ones who spent the country into a huge deficit ? Now they are complaining that the debt. grew while Obama was in office more than Bush , too stupid to realize that most of that debt growth under Mr. Obama was actually INTEREST on the debts that Bush / Cheney and stupid conniving posse ran up while the conservative electorate were too busy looking for their pom-poms and cheering , watching Nascar or whatever to pay any attention to the real facts , namely that years and years of stupid “Reaganomics” chickens were about to come home to roost . They did , the economy subsequently went bust overnight , and now these same goons want my vote ? I won’t even consider voting for any conservative labeled representative until I hear more than one take some real publicly admitted responsibility for all the right winger money scamming crap that went on BEFORE Mr. Obama took office , and I have yet to hear any of them do that , at all. I’m voting straight Democrat , including the President for the foreseeable future . He might not be perfect , but compared to people like Romney Cain Gingrich or any of the other peons/ mongrels the RNC has got out there , he’s at least 10000000000000000000000000000000000x preferred.

rohnertpark1 1:14 pm —– What you fail to acknowledge is that this administration and the Dems have placed major obstacles in the way of recovery!! — ALL recessions have a drop and a recovery….. except when the people in control don’t WANT a recovery!!! —– Yeah, great economy we are having there, Mr. President… would you just step aside a year early so we can get somebody competent on the job!?!?!?!?

I could throw a battleship farther than I trust any conservative politician . I can’t even believe that hypocrite Gingrich has the nerve to run for president , and whats worse there are some right wing brain dead out there who support him . Newt is a scumbag , and anyone who’d support him is of the same stripe IMO. The Democrats aren’t that great , but the Republicans and Tea Party are far far worse . The conservatives have over spent far worse than the Democrats who they claim are the “big spenders” , they’ve lied about that fact at length to the gullible American electorate at every opportunity and mismanaged the govt. in the most inept irresponsible fashion when they had the opportunity to do so , and they want to blame somebody / anybody else for all the $$ that was spent in Afghanistan and Iraq and the interest on that borrowed money that is racking up daily now , thanks not to Obama , but to Bush/Cheney and the Republican majority Congress that wrecked the USA .

pksk531 1:31 pm ——- You got part of the story right!! —— Remember when GOP members tried to reign in Fannie-Freddie in 2004, House Democrats sent to then-President Bush a letter asking the Republicans to “back off”??? — The signatories complained that the administration had taken a hard line with GSEs such as Fannie Mae and Freddie Mac by insisting on emphasizing fiscal prudence and responsible lending over increased affordable housing access. The relevant section: “We have been concerned that the Administration’s legislative proposal regarding the GSEs would weaken affordable housing performance by the GSEs, by emphasizing only safety and soundness. While the GSEs’ affordable housing mission is not in any way incompatible with their safety and soundness, an exclusive focus on safety and soundness is likely to come, in practice, at the expense of affordable housing.” —– Signatories included Nancy Pelosi, Barney Frank, Maxine Waters, Charlie Rangel, Patrick Kennedy, Jim McDermott… and 58 other Democratic House members. ———– AND THEN… Fannie-Freddie bought even MORE distressed homes so now they own 90% in the US!! —- Isn’t that a coincidence!! — Big gov Democrats pushing to increase the share of government in our lives!!!

“Banks and Mortgage companies gave out mortgages of 100-125% equity to people who could barely afford them. Why?” The correct answer actually is that the dimwits who assumed the loans were WILLING to do so, because they saw people making money hand over fist using interrest-only ARMs to flip real estate and they wanted a slice of the pie while it was still hot. It was no different than the Ponzi schemes and dot-com bubble and every other get-rich-quick gimmick that comes along every ten years or so. The major difference was the amount of collateral damage the airheads did trying to play rich real-estate magnates and falling flat on their faces.

The Democrats caused this entire mess with their policies that every American deserved to be a homeowner regardless of their credit ability. You can thank Barney Frank for most of this.

“Congress does truly represent the American people.” A more accurate assessment would be that the people in government are indicative of the values of the people who elect them, which is the greatest vulnerability of democracy. A greedy, materialistic,and self-absorbed electorate will inevitably have “leaders” who enable and perpetuate that mindset.

Where’s the numbers indicating the number of foreclosures happening to those who, without Barney Frank and his little buddies at Fannie/Freddie, would NOT have obtain the loan in the first place?

PKSK531 | NOVEMBER 10, 2011, 10:03 AM 10:03 AM…..”The banks are so flush with money it is a joke” …..Have you seen how many foreclosed homes and commercial real estate they have on the books? And have you seen the value those banks have ‘marked’ those foreclosed properties?

Let’s not forget the fourth branch of the government: the media. They deserve credit for their projection of agendas, for their failure to report all of the facts, for their inclusion of opinion (in non op eds).