How to solve the Foreclosure Crisis: Local Lenders

We need to take some measures to solve our foreclosure crisis. Consumers need to repay the loan to the local lender. It is necessary to revitalize the local employment market. Companies that buy and sell subprime mortgages need penalties. Requirements must be implemented to force future homeowners to budget. When the homeowner no longer fulfills his loan obligation, he begins to punish severely. Currently it is necessary to provide options to homeowners who are in "underwater" housing loans.

The problem of solving the foreclosure crisis first raised the question "Is there really a foreclosure crisis?" The crisis is indeed in danger, but it is not caused by foreclosure of mortgage loans. . Foreclosure is a mechanism to deal with debts that people can not borrow. The potential impact of housing foreclosure (slowing down by the "affordable family plan" of the Obama administration) is actually a market, not a debt but a crisis. The history of the world economy has experienced sovereign debt crises such as Latin America in the 1980s, Russia in the latter half of the 1990s, and Argentina in the early '00s. The debt crisis in Europe is the most important thing in the business world since 2010.

Six years have passed since the foreclosure crisis occurred, and technical termination and recovery period of the economic recession began in five years. The nationwide foreclosure crisis has been relaxed. However, in Maryland, foreclosure recently recorded the highest value, Maryland ranked 16th in foreclosure, but by 2013 the state rose to 3rd place nationwide. The number of applications has surprisingly increased 250% between 2014 and 2014, and the foreclosure rate of Prince George County has increased by 50% this year.

Under Mnuchin 's leadership, OneWest operates a mortgage executing factory that is responsible for approximately 40% of the country' s reverse mortgage mortgage execution even if it has a 19% market share. Pessimist lenders made a big commitment to selling senior homeowners to high-risk reverse mortgages, then Mnuchin suddenly moved to the house when the Wall Street fraud was exposed and the economy collapsed. According to the report, OneWest carries out an illegal "robot signature" - document counterfeiting - to remove people from the house

During the real estate crisis of the latter half of the 21st century, mortgage companies gained a lot of surprises from talented borrowers. Wharton researchers investigated foreclosure statistics in the era of the mortgage crisis. Their conclusion is that even a good homeowner tends to stop paying for a mortgage if the housing becomes a bad investment. The official guide has no certainty. If you choose to use qualified funding, there is a limit on the number of properties you can own in a mortgage. And you will be asked to have the reserve (residential mortgage of several months) in the bank for payment of those months your property is vacant