We will finish this week's discussion by looking at what WE THE PEOPLE can do to stop the MOVING FORWARD global Wall Street frauds and corruption and bring a positive housing development for all US citizens and our immigrant families.
The subprime mortgage loan frauds were designed to hit communities in US cities deemed Foreign Economic Zones not intended to be part of CITY CENTER. Global Wall Street wanted those communities kept unstable and undeveloped until it was ready to build a global corporate campus. This is why CLINTON/BUSH/OBAMA created these fraudulent mortgage schemes. Who did Obama and Clinton neo-liberals these several years target for HUD housing loans? Our young adults being brought to US cities for jobs and they are being connected to these same subprimed and foreclosed housing. If they hold on to a job after this coming economic crash they will be soaked in taxes, fees, fines, and property tax rate increases to keep up payment on all the US Treasury, state, and city municipal bond debt. All the revenue from those bonds went to global corporations and Wall Street but media will say Americans SPENT TO MUCH. Please be careful if you feel you need to move to a US city having been targeted for these massive mortgage frauds-----the house title is likely not CLEAN not matter how much that Baltimore Development 'labor and justice' organization tells you it is. They will be lying about this as well.
When global Baltimore Development and Johns Hopkins is ready to develop a community in a decade or so you can believe foreign investors tied to all the mortgage flipping-----house flipping will surface to say I HAVE THE TITLE RIGHTS TO THIS HOUSE. We already know this will occur----it is happening overseas from earlier sovereign debt global banking schemes.
CITIES LIKE BALTIMORE WHERE GLOBAL WALL STREET PLAYERS ALLOWED THESE MORTGAGE AND TITLE FRAUDS SOAR HAVE HUGE HOUSING STOCK WITH COMPROMISED HOUSE TITLES.
AGENDA 21 means MOVING FORWARD ONE WORLD US CITIES AS FOREIGN ECONOMIC ZONES----
Why you risk NEVER owning your home (US). The title is clouded and the judges compromised.
The first steps toward accomplishing Agenda 21 to include the end of private property in the U.S. has laid…
The beginning of this video shows a map of subprime foreclosures per state and we see a solid red of foreclosure in states of CA TX et al and around the Washington DC beltway-----MD/VA.
This means if you are moving to these states and cities---you are highly likely to be getting real estate deals that will never really allow personal ownership of land. Baltimore has a HUGE property rights issue----driven by global Wall Street Baltimore Development and their 'labor and justice' organizations and JOHNS HOPKINS
Keep in mind these videos appeared in 2012 the map of foreclosures was from 2008------just as Obama and the US FED were heating the mortgage market with illegal actions and policy passed by Congress and the FED. INFO WARS is a right wing media outlet----please be careful not to think these outlets are working for the 99%-----educating broadly allows one to know the biases of these media outlets.
GLOBAL BANKS BORROWED THE FUNDS FROM THE FED FOR THESE LOANS pensions are used to float these loans then those pensions are tossed aside as fodder -----
70 Million Property Titles Are Fraud Is Yours One Of Them?
http://www.politicalswagger.com/70-million-property-titles-are-fraud-is-yours-one-of-them/ You Can Find Us On Facebook at: https://www.facebook.com/Political...
South Africa under ZUMA is global Wall Street Foreign Economic Zone and Zuma has been as bad as any colonizer could be. These property right schemes are occurring globally tied to Foreign Economic Zone nations-----and the global 1% and their 2%.
As this article states it is deeds to elderly, poor, HABITAT FOR HUMANITY et al being filled with these property title fraud structures. It will hit all citizens in a US city deemed Foreign Economic Zone as the global corporate campus will be the only owner of property with the global 1% and 2% having private housing. When we look to a Jimmy Carter as doing good for the poor in housing----it was Habitat for Humanity around the globe that received the bulk of compromised land titles. Any challenge of ownership to these low-income home-owners will not lead to justice -----
SUBPRIME MORTGAGE FRAUD HITS SOUTH AFRICA----ZUMA WANTING ALL THAT PRIVATE PROPERTY UNDER HIS MANAGEMENT HE SAYS.
This is not a black, white, or brown citizen scheme----it is a 5% to the 1% criminal class of global citizens----
So any new rehabbing of houses targeting low-income citizens in US cities will always be on real estate with these compromised house titles---they will pay on these mortgages for several years or a decade and then VOILA-----someone comes to say they own that property.
State to tackle housing title deed mess
Lynley Donnelly 01 Aug 2014 00:00
The state has created 3.7-million housing 'opportunities' since 1994. (Madelene Cronjé, M&G)
The government has set itself the ambitious target of trying to eradicate the state’s 2.3-million housing backlog in the coming years, after which it may end the provision of free state housing.
Alongside this herculean task, it also plans to eradicate the backlog in issuing title deeds to existing housing beneficiaries, to realise what Human Settlements Minister Lindiwe Sisulu called “the dead assets” in people’s hands.
Research shows that more than one million RDP homeowners don’t have title deeds for their properties.
The government aims to complete 1.5-million houses in the next five years, Sisulu said before her recent budget vote speech. The provision of homes to the elderly, the indigent and child-headed households will be prioritised and the practice of having 18-year-olds on the list will be ended. This will allow the government to set a cut-off date and address the question of the sustainability of providing free housing, she said.
According to Ndivhuwo Mabaya, the spokesperson for human settlements, the state believes that the 2.1-million housing backlog in 1994 may already have been cleared and that the current 2.3-million backlog is made up of new entrants.
He said the younger, economically active people on the list could be assisted with alternative forms of social housing, such as subsidised rental accommodation, subsidised stands on which they could build, and employer-supported housing.
According to state statistics, more than 3.7-million housing “opportunities” have been delivered since 1994, which includes more than 903 000 serviced sites and more than 2.8-million housing units.
There is a substantial amount of wealth potentially available to existing housing beneficiaries but without title deeds they cannot access it. Research done by the FinMark Trust and Urban LandMark in 2011 showed that, at that time, more than one million owners of subsidised homes had no title deeds.
Mark Napier, the former programme director of Urban LandMark, who is now at the Council for Scientific and Industrial Research’s built environment unit, said there were a number of key factors that contribute to the delays in registration.
A primary cause was the failure of developers to complete the process of township establishment, which delayed the creation of a register needed for each new neighbourhood or housing area.
The problem was aggravated by changes made to payment processes for developers. Before 2004, the bulk of subsidy payments to developers could only be made once the title deeds for beneficiaries had been registered. But this was changed, resulting in developers simply forfeiting the final, smaller payment tranches to avoid having to complete the registration of title deeds.
This fell to the municipalities and provinces, which did not have the capacity to do it once a backlog built up, Napier said.
Although an RDP house cannot be sold for eight years, where sales have taken place informally without title deeds there is no record of the transfer or of the new owner. There is a similar problem when housing beneficiaries die and their homes are left to family members.
But, according to earlier research, the number of subsidised houses that are sold is very low – about 11% every five years. Of this, informal sales make up only 5%.
Yet the problems go beyond the registration of title deeds, Napier said. The cost of surveying, conveyancing and transfer of homes is often too expensive for poor people.
Similarly, the cost of building planning requirements when occupants extend their homes can be too high, leading to lapses in compliance.
This makes banks reluctant to issue loans against these homes and, in the short term, many people cannot unlock the financial gains that come with formally owning a home.
Higher real figure
Mabaya confirmed that more than one million homeowners, including recipients of houses before 1994, did not have title deeds, but added that the real figure could be much higher because it excluded rural areas.
He said the reason for changing the requirement that developers finalise title deed registration was that it had delayed final payments being made to small contractors and to the occupation of the houses by beneficiaries.
The department is setting up a dedicated unit to fast-track the issuing of title deeds, which will be led by the Estate Agency Affairs Board.
The department has also approaching the Congress of Traditional Leaders of South Africa to reach rural communities.
“We have noted some progress where municipalities are working with chiefs to zone land and then give people title deeds,” Mabaya said.
Meanwhile, projects such as the Ngwathe Land Reform Project, run by the Free Market Foundation in conjunction with several private sector partners, such as First National Bank, has already made big strides in transferring the titles of former council homes in the Ngwathe municipality in the Free State to some of its 33 000 residents.
According to Leon Marincowitz, the project manager of the foundation, there were many pre-1994 provisions, such as various forms of lease agreements, that barred black people from owning homes.
Similarly, home ownership has been undermined by the restrictions on recipients of RDP houses from selling them and by the many cases in which recipients of RDP houses had no title deeds, which sat “at municipalities, in drawers somewhere”.
At a cost of about R1 850 each, the project provides owners with full title to their homes and with no restrictions.
Marius Marais, the chief executive officer of FNB Home Loans, said it was difficult to calculate the amount of capital lying dormant in cases like these. But he estimated that, in the Ngwathe municipality, a 60m2 house was conservatively valued at R300 000, which meant that, in total, about R10-billion could be accessed.
But, he said, homeowners still faced many challenges to unlock the value of their homes. Key to this was educating them about both the importance of their title deeds and how much they could afford to borrow, and preferably for long-term reinvestment in their homes rather than short-term consumption.
What is the answer to these massive compromised house titles created by MERS and global Wall Street banks? Now our government will require we pay TITLE INSURANCE with global insurance corporations not having any intention of actually guaranteeing that title. Global Wall Street does not want free and clear titles---it wants to keep these properties in flux until it can build a global corporate campus.
As with life insurance-----pension insurance-----health insurance------all tied to global insurance agencies that are fraudulent and corrupt------this economic crash will see most insurance corporations sent to bankruptcy after insuring what they know to be COMPROMISED HOUSE TITLES.
TOTAL MORTGAGE .COM------folks---please stop taking business to places simply because they are CHEAPER-----
What is Title Insurance?
August 4, 2016 by Eric Khan
1Though most individuals are familiar home insurance, not all home owners are knowledgeable about title insurance. However, this form of insurance can be very helpful in times of need. To determine how it could be of assistance to you, check out our breakdown of title insurance, its benefits, and some common issues that individuals can face in regards to a title.
What is Title Insurance?
In a nutshell, title insurance covers events that may have happened before the date a title was issued to a new party, and it does not cover events that happen after issuance. In other words, it protects the new owner from any missteps of the previous owner.
Before a new title insurance policy is issued, an insurer will do a title search. This search tends to reveal a number of possible issues:
- incorrect names on the title
- improper vesting
- incorrect notary acknowledgements
- outstanding mortgages
- tax liens
- court judgments
For this reason, many title insurance fees are relatively low. In fact, many require only a one-time fee. This also helps to protect the individual seeking to obtain the title. If there are any issues that arise that cannot be cleared ahead of time, individuals could decide that it is not a proper investment.
Common Title Problems
Even considering the diligence that goes into researching and clearing titles, there are still title problems that individuals may face. Fraud is a major component to possible issues. Prior owners may have forged documents, power of attorney, mortgages or satisfactions or releases of mortgages.
Even worse, they could impersonate the true owner of the property all together.
There could also be instances where an individual is unintentionally committing fraud, if they think they have the power to sell a property but do not. This scenario is more prevalent in cases of inheritance, divorce, spousal death, dealing with minors, incompetence, or undisclosed heirs.
Outside of fraud there are a few other instances where individuals may have issues with purchased titles. Individuals may purchase a clean title, yet have limited or restricted access to the property. There could also be some unintentional issues with documentation, such as:
- errors and omissions in transcriptions
- failure to preserve original instruments
- incorrect indexing
- lack of authority of notary
- inadequate descriptions
- incorrect interpretations of wills
- invalid tax titles
Along with issues directly with the title, there are some concerns that individuals should address with title insurance itself. There are two types of title insurance:
- Owner’s policy: This policy protects the buyer in the case of an issue with the title.
- Loan policy: This policy protects the lender should there be any issues with the title.
Benefits of Title Insurance
There are a few different benefits to obtaining proper title insurance. Quality insurance policies offer protection against additional issues beyond the title, including:
- zoning or subdivision violations and restrictions
- damage to the home due to someone’s easement rights
- interested parties refusing to buy land due to a neighbor’s structures that are on the land
Depending upon the area that live in, such as flood zones or affluent neighborhoods, there may be certain aspects that you should consider. Consulting a knowledgeable professional can help you to both understand what issues you may be facing and also plan for your future.
As you can see it is very important to make sure that you fully understand what is title insurance. Making sure that you understand the intricacies of this type of insurance and how it can protect you can aid you in making the best decision for you and your family. For more information or to weigh your options, speak with a local representative in your area.
As global Wall Street CLINTON/BUSH/OBAMA and their 5% to the 1% players bring WE THE PEOPLE out to protest TRUMP instead of the institutions in our US cities deemed Foreign Economic Zones responsible for the total breakdown in Rule of Law, citizens' rights, national, state, and local sovereignty----let's remember the pathway to these housing abuses.
FDR created FHA under NEW DEAL----and as a Robber Baron he no doubt knew down the road these agencies would be abused. These were very good Federal agencies that did lots of good for hundreds of millions of US citizens in owning homes and it ran effectively ---efficiently ---placing qualified citizens into homes. Federal HUD enforcement depended on Republican vs Democratic state so these agencies worked or didn't depending on the regional politics.
It was LBJ who privatized our FHA Fannie Mae and Nixon who added Freddie Mac to that privatization in 1970. These two Presidents were setting the stage for the Robber Baron period to come. Clinton was the one who super-sized the criminality by breaking Glass Steagall and using a TECH BUBBLE to expand Wall Street globally all while setting the stage for subprime mortgage loan fraud----remember MERS came about under CLINTON.
Obama simply expanded the amount of money global Wall Street could defraud by lifting the Federal guaranteed price to $400,000-----low-income housing NOT REALLY. This is to where our pensions, 401Ks, retirements, Social Security, Medicare, Veteran's retirements, Post Office retirements DISAPPEARED-----IT WILL NOT BE TRUMP'S FAULT-----
SHOUT AT THE RIGHT PEOPLE---THAT 5% TO THE 1% CLINTON/BUSH/OBAMA AND GET GLOBAL WALL STREET POLS OUT OF OFFICE!
What Are the Origins of Freddie Mac and Fannie Mae?
History Q & A
by Rob Alford
Mr. Alford is a student at the University of Washington and an HNN intern.
Editor's Note: This article was published in 2003.
In recent months, the nation's two largest mortgage finance lenders have come under increasing scrutiny at the hands of Congress, the Justice Department and the Securities and Exchange Commission (SEC). The Federal National Mortgage Association, nicknamed Fannie Mae, and the Federal Home Mortgage Corporation, nicknamed Freddie Mac, have operated since 1968 as government sponsored enterprises (GSEs). This means that, although the two companies are privately owned and operated by shareholders, they are protected financially by the support of the Federal Government. These government protections include access to a line of credit through the U.S. Treasury, exemption from state and local income taxes and exemption from SEC oversight. A recent accounting scandal at Freddie Mac that resulted in the replacement of three of the company's top executives has led to mounting concerns over the privileged status these GSEs enjoy in the marketplace.
Fannie Mae was created in 1938 as part of Franklin Delano Roosevelt's New Deal. The collapse of the national housing market in the wake of the Great Depression discouraged private lenders from investing in home loans. Fannie Mae was established in order to provide local banks with federal money to finance home mortgages in an attempt to raise levels of home ownership and the availability of affordable housing.
Initially, Fannie Mae operated like a national savings and loan, allowing local banks to charge low interest rates on mortgages for the benefit of the home buyer. This lead to the development of what is now known as the secondary mortgage market. Within the secondary mortgage market, companies such as Fannie Mae are able to borrow money from foreign investors at low interest rates because of the financial support that they receive from the U.S. Government. It is this ability to borrow at low rates that allows Fannie Mae to provide fixed interest rate mortgages with low down payments to home buyers. Fannie Mae makes a profit from the difference between the interest rates homeowners pay and foreign lenders charge.
For the first thirty years following its inception, Fannie Mae held a veritable monopoly over the secondary mortgage market. In 1968, due to fiscal pressures created by the Vietnam War, Lyndon B. Johnson privatized Fannie Mae in order to remove it from the national budget. At this point, Fannie Mae began operating as a GSE, generating profits for stock holders while enjoying the benefits of exemption from taxation and oversight as well as implied government backing. In order to prevent any further monopolization of the market, a second GSE known as Freddie Mac was created in 1970. Currently, Fannie Mae and Freddie Mac control about 90 percent of the nation's secondary mortgage market.
GSEs such as Fannie Mae and Freddie Mae, with their combination of private enterprise and public backing have experienced a period of unprecedented financial growth over the past few decades. The current assets of these two companies combine for a total that is 45 percent greater than that of the nation's largest bank.
On the other hand, their combined debt is equal to 46 percent of the current national debt. It is this combination of rapid growth and over leveraging that has lead to the current concerns of Congress, the Justice Department and the SEC with regards to the financial practices of these GSEs.
Fannie Mae and Freddie Mac are the only two Fortune 500 companies that are not required to inform the public about any financial difficulties that they may be having. In the event that there was some sort of financial collapse within either of these companies, U.S. taxpayers could be held responsible for hundreds of billions of dollars in outstanding debts. A recent investigation by the Justice Department and the SEC into the accounting practices at Freddie Mac revealed accounting errors in the amount of 4.5 to 4.7 billion dollars and resulted in the termination of three of the company's top executives. Ongoing investigations by Congress, particular the House Finance Services subcommittee that oversees the activity of GSEs, will determine the future role of Fannie Mae and Freddie Mac and the secondary mortgage market that they dominate.