How many Connecticut homeowners need the helping hand that could come from the $25 billion mortgage settlement deal announced yesterday?
CoreLogic ranks the state’s with the highest foreclosed homes inventory and the percentage of homeowners more than 90 days overdue on their mortgage payment. Our delinquency rate matches the national average but we have a high foreclosure inventory.
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How about a little credit where credit is due ? We have to thank Jim Leach (r-IA), Phil Gramm (R-TX) & Tom Bliley (R-VA) for co-authoring the CITIBANK RELIEF ACT, 1999 that unleashed predatory bankers on US. These COngressmen, pandering to special corporate interests, removed banking regulations that were put in place by the Glass-Steagall Act. What else would one expect from a CONgressman from a state where 80% of the corn is Monsanto’s GMO & 93% of the soy bean is GMO ? When they pull the wool over our eyes, you can bet it’s 90% polyester!