« 11 Why the home mortgage interest deduction may not be good for us | Main | Tax Reform 2017: The Donald Trump Provision »

February 05, 2010


Feed You can follow this conversation by subscribing to the comment feed for this post.


Predatory Lending is a major contributor to the economic turmoil we are currently experiencing.

Here is an example of what I am talking about:
Scott Veerkamp / Predatory Lending (Franklin Township School Board Member.)

Please review this information from U.S. Senator Jeff Merkley regarding deceptive lending practices:
"Steering payments were made to brokers who enticed unsuspecting homeowners into deceptive and expensive mortgages. These secret bonus payments, often called Yield Spread Premiums, turned home mortgages into a SCAM."

The Center for Responsible Lending says YSP "steals equity from struggling families."
1. Scott collected nearly $10,000 on two separate mortgages using YSP and junk fees. 2. This is an average of $5,000 per loan. 3. The median value of the properties was $135,000. 4. Clearly, this type of lending represents a major ripoff for consumers.



Great insight on a current issue. I agree with what you were saying about the current investors in the government. Great way to give information to the public as a whole.

foreplay for women

i really enjoy reading your article i think if help us understand a lot of thinks.thanks


Watch the Greek debt crisis - this virus is prone to be infecting the eurozone leading to fears that the crisis will spread to other eurozone nations like Spain, Poratugal, Italy or Ireland! "Perfectly" engineered by the same financial group involved in provoking the US supprime mortgage crisis, chances stand that the Greek debt crisis has a big potential to now destabilize the EU but also to kick back to the US economy as well ... The world economies and finances are so interconnected within the global economy, that it became literally impossible for a financial shock like the one in Greece to remain without consequences for the other (remote) countries as well ... Stay tunes for what will happen next, and how EU will decide to go about it - the issue might reveal some interesting aspects and connections

Volker  from Germany

I randomly came on this side and would like to leave nice greetings. I would be glad if you visit my homepage also! Maybe you want to visit Sylt Westerland in Germany http://www.MeerblickSylt.de or the Baltic Sea http://www.OstseeblickHolm.de for vacation?! We have there very nice flats with a nice view. Maybe we'll see soon!
Kind regards


Mary is so right about the PIGS, Portugal, Ireland, Greece and Spain.

The EU cannot allow any these economies to fail, as it will mean the end of the Euro and the Eurozone.

Ferienwohnung Greetsiel

Viele Gruesse aus dem schoenen Fischerdorf Greetsiel.

Best Credit Card UK

Great insight on a current issue. I agree with what you were saying about the current investors in the government. Great way to give information to the public as a whole.

Donna Phillips


Thank for the info, i visit daily actually mainly for articles like this and http://www.rapidpig.com. Thank again

air jordans

Some unseen fingers, like an idle breeze, are playing upon my heart the music of the ripples. Do you understand?

Jordan Flight 45

Bad excuses are worse than none.


I agree with what you were saying about the current investors in the government. http://fullmediafire.com

online savings account

An insurer is a company selling the insurance; an insured or policyholder is the person or entity buying the insurance policy.

Additives Lubricants Market

Pretty good post, this is one of the best articles that I have ever seen! This is a great site and I have to congratulate you on the content.
I appreciate it!

bankruptcy attorney Chicago

Believe it or not with the economy declining and the unemployment rate rising, the number of relationships that are falling apart due to money problems seems to be holding steady.


you know that some have predicted that the global crisis of 2010 will strike the entire system and will thus transform the world order, that the European Union will fall apart, and so will NATO...and so that the crisis will last for ten years and will end by 2020..whatever, i don't see that one coming, things will probably slow down and easily get back on track.

Credit card processing

The debt is owed, usually active reference should, but the term can also cover the legal and other interactions that do not need money. In the case of assets, debt is a way of using future purchasing power in the present before any amount has been earned. Some companies and corporations use debt as part of its global funding strategy of the company.


if the lending company contibutes to this present economic turmoil....then what is the role of those borrwer who does not pay their debt?

chevrolet turbocharger

This was refreshing. I wished I could read every post, but i have to go back to work now... But I will visit again .

atrix security cameras

Let's take a look at some smart security tips that can help make your home safer for you and your family.

Urlaub im Harz

Thank you very much and greetings from germany!

Intrinsic Value

this could go either way, watch it

security system

The idea of having a security camera indoors and/or outdoors is to send a message to would be bad guys.

Richard John

Security Cameras will not stop robbers to their job they make them even more careful when robbing.
Nice information by the way.

Family Physicians

Long Live Security Camera!

The comments to this entry are closed.