COMMON PEOPLES SOURCE for News » Housing Crisis

So The Housing Crisis Is The Homeowners Fault?

OldMan1 — Wed, 14 Jan 2009 01:12:38 +0000

If you were a home mortgage lending company, how much would you loan on the house pictured here; $5,000, $10,000, $25,000? The house had a sign on it that read "Unfit for human occupancy". [...]

Another Opinion On Reason For Housing Melt Down

OldMan1 — Wed, 30 Apr 2008 20:17:59 +0000

April 30, 2008

The Facts

Mike Jackson, CEO of AutoNation, is a guest on CNBC’s Squawk Box this week. In a segment called the Root of All Evil discussing who should be blamed for the housing crisis, Jackson gave his opinion. He said it was a “reckless abandonment of credit standards by the housing [...]

George Bush Opposes Helping Homeowners

OldMan1 — Sun, 27 Apr 2008 16:07:23 +0000

April 27, 2008

The Facts

House Financial Services Committee Chairman Barney Frank has introduced a bill that is intended to help certain homeowners who qualify to stay in their homes. The loans would be funneled through the FHA, but would not be a give-away program. The following is a quote published by CNN. “Only [...]

Home Foreclosures A Gold Mine

OldMan1 — Wed, 16 Apr 2008 02:09:31 +0000

April 15, 2008

The Facts

Home mortgage lenders have gotten a free ride compared to the borrowers when it comes to who is to blame for the current mortgage crisis. There is no question that the borrowers have a big responsibility here, but as time goes by, more and more information is coming out [...]

Glen Beck On Home Owner Bailout

OldMan1 — Fri, 07 Mar 2008 14:21:31 +0000

March 7, 2008

The Facts

At the top of the Glen Beck show last night he was talking with a guest when Beck made a sarcastic remark about bailing out the home owners who got caught up in the unaffordable variable interest rate mortgage.

My View

I, for one, do not feel that the [...]