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Wednesday, February 29, 2012

Foreclosures Rise to 24% of U.S. Home Purchases as Short Sales Increase

Foreclosures Rise to 24%

of U.S. Home Purchases

as Short Sales Increase

Feb-29-2012--US homes in or nearing foreclosure accounted for almost a fourth of residential purchases in the last three months of 2011 as lenders approved more short sales, where the price is less than the amount owed. Deals for bank-owned and distressed properties rose to 24 percent of total home sales from 20 percent in the third quarter, “We expect to see foreclosure-related sales increase in 2012, particularly pre-foreclosure sales, Banks may “aggressively” resume unloading distressed property after an 18-month delay brought on by federal and state legal probes into flawed foreclosure paperwork and documentation, The fourth quarter showed lenders turning to short sales as a “better option” than holding a house whose borrower doesn’t make any payments,

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Stocks rise,

heading for best February in 14 years

Feb-29-2012--The Nasdaq composite index cracked 3000 on Wednesday for the first time since December 2000 as the stock market headed for its best February finish in 14 years.

The milestone for the Nasdaq, heavy with technology stocks, came a day after the Dow Jones industrial average closed above 13,000 for the first time since May 2008.

Stocks opened higher after the government said that the economy grew faster at the end of last year than previously estimated a 3 percent annual rate, the best reading since the spring of 2010.

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Ron Paul SCHOOLS Ben Bernanke

on PYRAMID SCHEME!

Feb-29-2012--Today at the Financial Services Hearing, Ron Paul taught Ben Bernanke a thing or two about economics and real money!

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Ben Bernanke Schools Ron Paul on Gold

Feb-29-2012-Consumer spending is an important issue, but the congressman is mistaken in saying that the Federal Reserve has spent any money. They have lent money. That's not dissipation of the money. They have got all of the money back.

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Deadly Tornadoes Strike the Midwest

Feb-29-2012--At least nine people are dead after a string of tornadoes sweeps through the Midwest; Kansas, Missouri, Illinois and Indiana all dealing with widespread damage.

More than 100 people have been hurt as homes were crushed by the storms' powerful winds.

And the danger isn't over yet.

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At Least 13 Killed as Tornadoes

Rake Midwest States

Feb-29-2012-BRANSON,Mo-At least 13 people were killed overnight as a line of tornadoes marched across the Midwest, flattening parts of several towns, officials said Wednesday. Hardest hit was Harrisburg, Ill., where 10 deaths were reported, along with nearly 100 injuries and at least 200 homes destroyed or damaged.

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Iran's Most Powerful Take Feud to the Polls

Feb-29-2012- Iran's parliamentary elections on Friday are shaping up as a contest by proxy between President Mahmoud Ahmadinejad, who seeks public endorsement of his efforts to wield broad authority,

and Supreme Leader Ayatollah Ali Khamenei, who has struggled to keep his populist president in check.

Supporters of Supreme Leader and President Vie for Dominance; Regime Loyalist Sees a Contest Between 'Better and Best.'

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Divided conservatives clash in Iranian elections

Feb-29-2012-Iran's parliamentary election on Friday will pit allies of President Mahmoud Ahmadinejad against those loyal to Supreme Ayatollah Ali Khamenei

It is the country's first national election since a disputed presidential poll in 2009

The contest is being boycotted by reformist groups and not all Iranians will vote in protest at the status quo. Iranian filmmaker Nasser Taghavi "Going to the polls doesn't make any difference"

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Top French court strikes down genocide bill

Feb-29-2012--PARIS/ANKARA - France's highest legal authority ruled Tuesday that a new law that would have made it illegal to deny the mass killing of Armenians by Ottoman Turks nearly a century ago was unconstitutional, a move quickly welcomed by Turkey.

Turkey, which recognizes that many Armenians died in 1915, says "genocide" is an inaccurate term to describe the events because it argues that thousands were killed in massacres and counter-massacres led by both Turks and Armenians. Armenians argue that 1.5 million of their people were killed deliberately by the Ottoman Turkish Empire.

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Interpol website suffers

'Anonymous cyber-attack'

Feb-29-2012--Interpol's website appears to have been the victim of a cyber-attack after the international police agency announced the arrests of 25 suspected members of the hacking activist group Anonymous in Europe and South America.

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Cautious welcome for North Korea

nuclear freeze

Feb-29-2012--North Korea's pledge to suspend uranium enrichment, as well as nuclear and long-range missile tests, has received a cautious international welcome.

The announcement comes two months after Kim Jong-un came to power following the death of his father, Kim Jong-il. Correspondents say it could pave the way for the resumption of six-party disarmament negotiations with Pyongyang, which broke down in 2009.

North Korea's nuclear issue, a concern now for over 20 years, has long been a game of cat and mouse - or snakes and ladders. ”

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Syria prepares to 'cleanse' rebels

Feb-29-2012--The Syrian regime has shown a new determination to crush its opponents, vowing to "cleanse" a rebel-held district in the besieged city of Homs after nearly four weeks of shelling.

Government troops massed outside the embattled neighbourhood of Baba Amr, raising fears among activists of an imminent ground invasion that could endanger thousands of residents, as well as two trapped Western journalists who have been under heavy bombardment.

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Try Assad for war crimes:

Hillary Clinton

Feb-29-2012-The US is mounting pressure on Syrian president Bashar al-Assad to step down as violence continues to escalate.

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GOVERNMENT MORTGAGE RELIEF

INFO-AWARENESS

http://government-mortgage-relief.com

http://www.youtube.com/88888force

http://www.nationalshortsalebrokers.com

http://government-mortgage-relief.blogspot.com

http://info-awareness.blogspot.com

http://vikenzkokozian.blogspot.com/

http://88888force.blogspot.com/

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1-800-270-2928

Monday, February 6, 2012

1 million could get mortgages reduced by average of $20,000; 750,000 could get $2,000 checks Feb-06-2012--

1 million could get mortgages reduced by average of $20,000;
750,000 could get $2,000 checks

Feb-06-2012--WASHINGTON - California and New York were considering Monday whether to join most other states in backing a long-awaited settlement with banks over foreclosure abuses. The deal would require the five largest mortgage lenders to reduce loans for about 1 million households. The reduced loans would benefit homeowners who are behind on their payments and owe more than their homes are worth. The lenders would also send checks for about $2,000 to hundreds of thousands of people who lost homes to foreclosure.

The money available to homeowners could run as high as $25 billion if all states approve the deal.

The five lenders — Bank of America, JPMorgan Chase, Wells Fargo, Citigroup and Ally Financial — have already agreed to the settlement. In settling the charges, the states would agree not to pursue further investigations against the banks in civil court. The deal would not protect the banks from criminal investigations.

The few states that have resisted the deal have expressed concern that it would limit their ability to take action against the banks for any past wrongdoing that turns up later. California’s backing is particularly crucial. It was among the states hardest hit by the foreclosure crisis. And it has the most residents “underwater”: They owe more on their loan than their home is worth. Without California’s participation, the money available to homeowners nationally would be about $19 billion rather than $25 billion.

The settlement would apply only to privately held mortgages issued from 2008 through 2011. Banks own about half of all U.S. mortgages — roughly 31 million loans. The settlement would end a painful chapter that emerged from the 2008 financial crisis, when home values sank and millions edged toward foreclosure. Many companies that process foreclosures failed to verify documents. Some employees signed papers they hadn’t read or used fake signatures to speed foreclosures — an action known as robo-signing.

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GOVERNMENT MORTGAGE RELIEF

INFO-AWARENESS

http://government-mortgage-relief.com

http://www.youtube.com/88888force

http://www.nationalshortsalebrokers.com

http://government-mortgage-relief.blogspot.com

http://info-awareness.blogspot.com

http://vikenzkokozian.blogspot.com/

http://88888force.blogspot.com/

http://fightthebank.blogspot.com/

http://fight-the-bank.blogspot.com/

http://truth-perception.blogspot.com/

http://twitter.com/INFOAWARENESS

1-858-366-4777 Skype

1-800-270-2928

Thursday, January 26, 2012

Deflationary Depression and Purging To Come

Deflationary Depression and Purging To Come

Jan-26-2012--The United States will sell 30 million barrels from its Strategic Petroleum Reserve over the next 30 days.

★ Canadians' confidence in the country's economic prospects fell to its lowest in two years amid concern that the global recovery is stalling.

★ The gauge of default swaps tied to Greece climbed 23 basis points, signaling an 84 percent probability of default within five years.

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Capitalism and Socialism

Jan-26-2012--Capitalism has done more to bring prosperity to the world than any other economic system. Nevertheless, free markets continue to be assailed by academics, politicians, pundits, musicians, and the public in general, than think about how their lives have been enriched by free-market, capitalism.

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The Money Masters [Full Documentary]

Jan-26-2012--International Bankers, money masters, capitalism, communism, rothschild bank, government takeover, bailout, economy, debt, based, gold ,silver, fractional reserve lending, federal of england, private, new world order, cuts, austerity, taxes, max keiser, bob bailey, history ,conspiracy, theory politics, warfare ,news, military, economic, finance, educational ,edward griffin, alan watt, alex jones .

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Biderman's Daily Edge
Jan-26-2012

Why the Government is Leading Us to Bankruptcy.

America's bleak financial future that will see even more borrowing and spending and its impact of the abuses of our Federal Government on our economy through the years that have lead to the possible bankruptcy that we may be faced with today .

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