baltimore: BALTIMORE CITY SUES WELLS FARGO
- 01/11/08 07:51 AM
Baltimore City has hired a Washington, DC Law Firm to sue Wells Fargo Mortgage because it says that Wells Fargo gave sub-prime mortgages and too many fixed rate mortgages, at a high interest rates, to a large number of Minority home buyers that live in Baltimore City. Although a lot of these homeowners are facing foreclosure. If this works I'm sure that many other Cities will jump on the bandwagon with their own lawsuits. I feel that if the City wins this lawsuit, i'm sure that Mayor Dixon will want to reallocate the money among the homeowners facing foreclosure. At this … (0 comments)
baltimore: INFLATION
- 01/11/08 07:27 AM
The news yesterday is that the FEDS are going to cut short term interest rates again at their next meeting. Gee, they are also flooding the market with newly printed DOLLARS causing the value of the dollar to fall. Oil and Gold are relatively the same price in comparison to today's dollar as they were years ago when the dollar had value. Although it appears that prices are rising for all energy the fact is that the value of the Dollar is falling. THIS IS INFLATION. … (0 comments)
baltimore: New Mortgage Companies
- 01/11/08 02:07 AM
Its interesting nature doesn't like a vacuum apparently the supply and demand theory doesn't like them either. There are so many mortgage companies both retail and wholesale going out of business that there is now a number of new startup companies moving in to take their places. Hopefully the new companies will learn from the others "mistakes" and use good business and common sense in their daily business practices. Licensing mortgage companies and individual brokers may help as long as greed doesn't corrupt the new companies. I feel that in the future more educational requirements and more courses on ETHICS will … (1 comments)
baltimore: MARYLAND
- 01/08/08 03:18 AM
Maryland, The Stupid State. We have a new Democratic Governor, in an almost all one party State, that thinks by calling a special session of the State houses of Congress and forcing through higher taxes and raising fees on anything and everything in sight, without Public Hearings, because of an imaginary Budget Deficit we will attract new businesses and encourage more people to move to Maryland. Its kind of interesting the last Governor was a Republican and when he left Office the State had a budgt surplus. He also wanted to bring slots to Maryland so that we could compete with … (0 comments)
Baltimore City has hired a Washington, DC Law Firm to sue Wells Fargo Mortgage because it says that Wells Fargo gave sub-prime mortgages and too many fixed rate mortgages, at a high interest rates, to a large number of Minority home buyers that live in Baltimore City. Although a lot of these homeowners are facing foreclosure. If this works I'm sure that many other Cities will jump on the bandwagon with their own lawsuits. I feel that if the City wins this lawsuit, i'm sure that Mayor Dixon will want to reallocate the money among the homeowners facing foreclosure. At this … (0 comments)
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