The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Hope Praytochange who wrote (306616)	10/25/2011 12:03:13 PM
From: MJ	Read Replies (1) of 306849

The reporter needs to do more research, and ask more questions. What is the role of CoreLogic as they interact with Fannie and Freddie and the real estate brokers? The additional question that needs to be ask---------where are the Mortgage Brokers who were the middle men who preyed upon homeowners with their usurious loans. Many have disappeared and because of time limitations can not be sued for fraud. "That action consists of revamping an existing government refinance program through Fannie Mae and Freddie Mac for borrowers who owe more on their mortgages than their homes are worth, so-called "underwater" borrowers. There are an estimated 11 million of those nationwide according to CoreLogic." It is very popular to fault the homeowners, I contend that homeowners were scammed and led down the primrose path by the same groups that Obama is now declaring will solve the problems. Obama Refi Plan is Not Housing Stimulus Published: Monday, 24 Oct 2011 \| 5:05 PM ET Text Size

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