Foreclosure/Mortgage Fraud
                                         See: Latest Foreclosure News
                                      See: Latest Mortgage Fraud News
         Foreclosure Protest - No Bailout of Wall Street Banking Giants 
                      Hundreds of Protesters 'Foreclose' on Bear Stearns Protest 
                                        News Dissector Takes on C-NBC
                              NYC Bear Stearns Protest - Stop Loan Sharks
                                 Protest at JPM & BSC organized by NACA
                               Homeowners Protest Bear Stearns Bail Out

 Foreclosure Directory of Facts: American Dream: Overbought & Overbuilt
They say that owning your own home is the American dream. That dream was overbought, overbuilt (continues to be overbuilt), and is increasingly being foreclosed upon...Builders build because that's what they do. They build until they go bust or as long as they can get funding (which is typically the same thing). Insiders profit as long as they can keep building.
Read more

KB Home Mortgage Scandal 
ATTENTION: Check your mortgage ducuments. Are you about to lose your home or have you lost your home due to KB Home mortgage irregularities?  Contact: HOBB, This e-mail address is being protected from spam bots, you need JavaScript enabled to view it , , HUD and the Federal Trade Commission. See HUD Audit Report - KB Home Mortgage Failed to Ensure Underwriting Certifications for Federal Housing Administration Loans Were Accurate

Did HUD Ex-Secretary Cisneros Help Mastermind Preditory Lending
"Henry Cisneros on the hot seat”...A predatory lending scheme that many experts predict could eventually lead to the worst recession to hit this county, and possibly the entire financial world...which ultimately compensated him generously... after leaving HUD Cisneros became a KB Home board member as well as a Countrywide board member.  He created American City Vista, an affordable housing joint venture with KB Home, as KB Home began construction on the disastrous Mirasol project that cost taxpayers millions, of which $5M is still missing. Express-News on the Hot Seat...
Read More...
                              
Foreclosing on the American Dream: The Charlotte Observer Special Report Three Part Series   Loan defaults a growing burden for lower-income neighborhoods. Buying a home has never been easier. And it's never been easier to lose one

Forclosures rise in 47 states: A Bane Amid The Housing Boom: Rising Foreclosures
Foreclosure rates rose in 47 states in March, according to Foreclosure.com, an online foreclosure listing service. The rates in Florida, Texas and Colorado are more than twice the national average. Even in New York City and Boston, where real estate markets are white-hot, foreclosures are rising in working-class neighborhoods...

Federal Law - Builders liable for forced use of Title
Just say no to builder incentives with strings attached
One of the federal government's top housing officials has this practical advice for anyone negotiating with a builder to buy a new house: You can always say no...But federal real-estate settlement rules "require that these incentives be legitimate and not built into the price of the house or the cost of the loan." In other words, builders cannot tempt you with illusory benefits — alleged discounts that you're actually paying for somewhere else in the deal. Read more... 

Special Reports:  KB Home Foreclosure Rate More Than Double Other Builders.
Records show that KB foreclosures are as high as 30%.

Texas leads the nation in total home foreclosures
Texas has earned bragging rights in a dubious arena: Homeowners went to foreclosure in 2004 in total numbers that far exceeded any other state.While the state was laying claim to No. 1, Bexar County had more residential foreclosures in December than California, West Virginia, Montana and Hawaii combined.

Denver Post Foreclosure Series - Foreclosing on the American Dream
FHA program key in surge of foreclosures
A key factor in the state's record-setting wave of foreclosures, critics say, is an FHA program that allows people to borrow more than their houses are worth with little or no money down. Created to extend the dream of homeownership to first-time buyers, the so-called FHA gift program instead has led to rampant foreclosures. Nearly 6,000 FHA loans have wound up in foreclosure in Colorado in the past two years, and during that time the program allowed more than 25 percent of FHA buyers to use gifts as down payments.

Record foreclosure pace
More than 9,500 real estate foreclosures have been filed in the Denver area in the first half of the year, about 34 percent more than in the first six months of 2005.  It's on pace to be the worst year ever in terms of the number of foreclosures, topping 17,122 in 1988, though the area's population growth since then means the total percentage of homes in foreclosure is smaller.

Foreclosures still surging
Residential foreclosure filings continue to flood public offices throughout the metro area, with no signs that the record-setting pace of failed home loans will let up. Foreclosures in the seven-county metro area jumped by nearly a third in the first half of the year compared with the same period in 2005, according to public-trustee counts.

American Homeowners Resource Center
See: Lobbyists decimate Homeowner protection bill 
For more information, please check out the articles listed below: