McCain’s 13 bedroom Mac-mansion up for auction!
TV Channel KTVK got an exclusive tour of the desert gigamtic house, more like a compound.
The McCain family’s 13-bedroom Mac-mansion estate located in Arizona will be auctioned in October. The base price is US$12,000,000.00.
And it is not just the 13 bedrooms that make that mansion unique. It also has 10 fireplaces (in [...]

“The Credit Cardholders’ Bill of Rights Act”

Credit Card Bill Passes One Obstacle
Rep. Carolyn Maloney’s bill proposing a crackdown on the credit card industry was doomed. For a while last night, it seemed so.

Rep. Mike Castle (R-Del.) was pushing an amendment that would kill the bill and substitute a congressional resolution in support of the Federal [...]

Fannie Mae and Freddie Mac mortgage giants
Fannie Mae and Freddie Mac mortgages may default on their debt or face a takeover by the US Government, authorities said.
The anxiety over Fannie Mae and Freddie Mac, the mortgage giants that support $5 trillion in home loans, reached fever pitch today. CNNMoney.com reports the two firms play a central role in the [...]

FRE Freddie Mac and FNM Fannie Mae Mortgages
The Bush Administration and US Congress have improved efforts to save Fannie Mae (FNM) and Freddie Mac (FRE), the WSJ Wall Stree Journal says. Failure of the two government-charted mortgage giants is not seen as imminent, but stocks of both mortgage companies plummeted again yesterday and are now back to levels [...]

Prospect Mortgage to acquire majority of IndyMac retail mortgage business
Prospect Mortgage late Tuesday said it has agreed to acquire a majority of IndyMac Bancorp Inc.’s retail mortgage branches. Financial terms weren’t disclosed. The deal includes 750 employees and more than 60 branch offices all around the United States.

Indymac to become Prospect Mortgage (MetroCities). The Indymac Loan [...]

IndyMac Stops Most Mortgage Loans
Mortgage lender IndyMac Bancorp Inc., struggling to raise capital to stay in business, stated Monday it has stopped accepting new loan submissions in its main mortgage lending divisions and plans to slash 3,800 jobs, or more than half of its work force.

The not so sudden move comes as the lender works [...]

Signs of mortgage weakness surfaced
The housing finance breakdown: a saga of corruption, hypocrisy, and government complicity.

Mortgage Implode is a web site tracking the financial companies or lenders that were or still are still providing mortgage lending services to prospect home buyers all around the USA.
Some data from Mortgage Implode are quite interesting.
“Imploded” lenders: means that [...]

WordPress Affiliate Plugin from Foreclosure.com
Foreclosure.com developed a new WordPress blog plugin for its Affiliate Marketers.
Foreclosure.com has established an alliance with real estate Internet marketing company Z57 Internet Solutions to help thousands of Realtors achieve immediate access to comprehensive foreclosure listings.

The partnership benefits both Foreclosure.com — an online data provider that lists properties in foreclosure for [...]