Look through President Barack Obama’s proposed 2011 budget, and you’ll see a line calling for a 5 million increase in the Justice Department’s funding to fight financial fraud. Lucky for them, the people who wrote the budget can’t be prosecuted for cooking the government’s books.

Whether on Wall Street or in Washington, the biggest frauds often are the perfectly legal ones hidden in broad daylight. And in terms of dollars, it would be hard to top the accounting scam that Obama’s budget wonks are trying to pull off now.

The ploy here is simple. They are keeping Fannie Mae and Freddie Mac off the government’s balance sheet and out of the federal budget, along with their .6 trillion of corporate debt and .7 trillion of mortgage obligations. Together that equals 6.3 trillion unaccountable in his budget.
http://www.bloomberg.com/apps/news?pid=20601039&sid=a.G6KFfaDdSc

http://www.bloomberg.com/apps/news?pid=20601087&sid=alet_UTqF04M

Fannie Mae gave out hundreds of millions in Bonuses last year, for exactly what managing to obtain 10 straight quarters of loses?

Where is his outrage? Will the Democratic Socialist threaten special taxes to recover the bonuses?

ok i just Finale moved on from a 4yr Relationship & im 19 so i been dating her since i was 15 & its been on a off & on & we broke up in 2008…& a couple days ago my dudes girl friend Hooked me up with Her Friend….& so we met face to face & i made her laugh..& then after all the questions were done it just got plain & stale & quite & im looking around & you know how it is when your watching a Dating show on VH1 take For the Love of Ray J & you know how he trys to make conversation & the girls just sit there that’s How it was & they may say a Few Words.. that’s how it was after a while & my boy & his girl was like Why y’all so quite & i just looked at her…& it seems like there No Connection with me & this new chick now i kinda wanna make this Thing work

& last Night i dreamed about My Ex Girl Friend & im wondering do i still Have Feelings for her

& I Havent talked to my ex since The Day After Thanks Giving, & havent seen her since septemeber since her & her family moved & i havent Texted her Since last month on December 3rd

& on Sum days I’ll Play Chris Brown’s Graffiti Cd & listen to So Cold or I Need this or Crawl

I Need this is About him needing his Space its a Real gud Song

Damn,I want my baby back
It’s so cold without her
Cold without her
She’s gone
Now I’m alone, no one to hold on
Cause she was the only one
And I know I was dead wrong
But if you u u
If you u u
See her sooonn
Ask her will she forgive me

If you ever see her
If you ever meet her
If you ever get a chance to sit down and talk to her
Then tell her it’s so cold
It’s so cold, it’s so cold
Here without her
And tell her I miss her
Tell her I need her
Tell her I want her
I really want her to come back home, back to keep me warm
Tell her I’m sorry, I’m really sorry
Can you forgive me?
Please forgive me
And come back home, keep me safe and warm

I’ve just moved to oklahoma city in oklahoma where is mostly known as tornado alley, i didn’t want to move but i had to because of my job relocation. Since i’ve heard on television on the news back in 1999 about the deadliest may 3rd 1999 tornado outbreak in history, i never would want to move here if it wasn’t for my job. But does anything like that ever happen here often ? People said that tornadoes here in Oklahoma forms into the deadly F5 tornadoes that is about a mile wide in diameter. What are some ways i could make sure my wife & family is safe during one of these outbreaks if I’m away from home ? Also, how could i keep myself safe if i am on the 34th floor in an building with only express elevators ? The elevators don’t have stops between floors Lobby – 29th. I’m very curious about my family’s safety and mine’s in case if one of these tornado outbreaks occurs

My wife & I are trying to buy a foreclosure and want to fix it up. We both have bad credit, so we coudln’t get a house on our own even though I make enough money to get the mortgage. I am fixing my credit, but it won’t be fixed in time in the next 2 months to get a house. We found a co-signer, but the mortgage broker said we can’t have that because our credit isn’t high enough. So, my dad is taking out the mortgage and we are told we should get an FHA 203K loan and then he is going to do a quick deed right after, so I become the owner of the house. The mortgage broker said it is hard to get this type of loan these days and the real estate guy said it’s not. I had some questions if anyone has personal knowledge or experience with this stuff.
1. Will I qualify for the tax credit because I am doing a quick deed after or not?
2. Someone said there is a limit of ,000 for repairs on a home with an FHA 203K loan, so if I buy the house for ,000 and my mortgage was for ,000 do I have to spend every penny on repairs? If there is extra, can I keep it until something goes wrong like a basement leak or the furnace breaks?
3. I was also told that you have to get in writing from a licensed contractor for the repairs etc., but they have to be willing to be delayed in payment? How is this so because I thought after you get the mortgage, you get a check and you pay the contractor?
4. The taxes on this house are very high, and people said to appeal to the city, but I heard this usually doesn’t mean they will lower the taxes. Why don’t they make the property tax off the price you pay and what are the chances they will lower my taxes? Thank you to anyone who can help on this subject matter.
Ok, maybe I am confused about the deed thing. The real estate agent said that if he signs the deed over to me, I will be the owner of the house, he would just be responsible for the mortgage. Obviously, I would pay the bank or pay him every month, but according to below, this can’t happen? My real estate agent must be confused.

Could some please clarify if husband & wife borrow money to buy rental properties, is it strictly 50% each because it is in joint names or can it be portioned , lets say: 25% & 75% respectively when claiming interest for income tax purposes?

I just moved 2 a small town with my fiance. We are from California & have horrible credit due 2 his ex and my ex. I have bad health but we need some security. I have terminal brain cancer & I need a stress free life as much as i can. We were offered a house for 350$ a month for 19 yrs at which time we will then own it. Our credit is so shot & our income so little that we know this is our one & only chance 2 own a home. Its in horrible shape. We have 2 fix everything infact the kitchen alone has 2b totally gutted out. It has so much potential & im scared of losing it. We dont mind putting our time & what little money we have into fixing this house. but we dont know if we really should or not. I heard that there are places that help u with loans even w/ bad credit. is that true? & how long would we have 2 wait before we can get a loan on the house to fix it? for 13 months we will rent it b4 signing papers but so much has 2 b done before its livable & we dont want to get screwed plz help

I want to buy a house in the next few years & give my daughter a good life & afford to put her through college. BUT right now my credit is bad & my b/f’s (her dad) is terrible! We recently pulled his credit report & found that he has over 10 delinquent/derogatory accounts & has NEVER had an account in good standing & has never paid on anything, ever! He has never paid anything as promised, every account he’s ever had he let go to collection & never made any attempt to pay on it. This includes cell phone plans, child supt., car ins, & more. He also has a judgement against him. ALL of this was like this BEFORE we ever met, so I am very upset. My credit isnt that bad – I only have 2 accounts in collection & could easily pay them off within the next year & really fix up my credit. Now that he knows I want to do this with OUR money, he is pissed off because he wants HIS bills/debts to be paid! Mine is fixable & his is almost beyond repair, what should I do? More…
This is causing huge fights between us. He tells me that it is all MY fault that he cant pay his bills because I take all of his money! This is really hurtful to me because I am the one who makes sure our bills get paid – if it were up to him he wouldnt pay them, not on time anyway. I make sure EVERYTHING is paid – rent, util., cell, daycare, etc. He thinks I am just TAKING his money! He doesnt understand that after the bills are paid, there are groceries to get, gas, diapers, etc. How can I make him understand!?! I really want to fix OUR credit, but mine is an easy fix and his isnt. I’m not saying I dont want to pay his debt, but his will require THOUSANDS to fix, which we just dont have. On top of all this, I recently had surgery and currently own over k and will need to start paying on that before it goes to collection. I feel like we are drowing. I really want to buy a house eventually – does BOTH our credit need to be good, even if we arent married? I’m so lost…

I NEED TO RECIEVE A 25,000 DOLLAR LOAN FOR INVENTORY. I HAVE MY BUSINESS PLAN TO SHOW THE DETAILS.MY CREDIT SCORES ARE 618,642,& EQUIFAX DOESNT HAVE A SCORE FOR ME.I ALSO NEED A LOAN TO PURCHASE FIXER UPPER REAL ESTATE. MY OLDEST CREDIT LINE IS SIX MONTHS.I HAVE NO FORCLOSURES,OR BANKRUPTCIES.I HAVE ONE NEGATIVE ACCOUNT ON MY CREDIT REPORT THAT DOES NOT BELONG TO ME,I AM DEALING WITH THE COMPANY & CREDIT COMPANIES NOW TO REMOVE IT.

I am a windows 7 user and i have 3gb Ram anyways here is my combination of free security:
Anti-Virus:Avast! Home edition
Anti-Spyware:SpyBot S&D
However i want to get anti-malware and a firewall (should i get a firewall for windows 7 ??? and what’s a good anti-malware ??)
Thanks!

I moved in with a roommate 14 months ago in a managed apartment complex. I was not put on the official lease, but rather signed an ambiguous co-tenant agreement, had been paying rent @ the rate stated on the agreement & paid a security deposit. I never saw the official lease. The co-tenant agreement did not directly mention the official rent nor distribution of rent payment. It was my understanding that my roommate and I were splitting the rent equally &I believe that the simplest and most reasonable interpretation of the co-tenant agreement "suggests" that (at the time I thought this was fair because I was desperate for a room & although my bedroom is significantly smaller & don’t get assigned parking, I figured my roommate had a bit more liability b/c the lease was in his name). It turns out my lease holding roommate was paying significantly less of the rent due to the landlord. My roommate is claiming that she was the "landlord" & could set the rate. Contract is unclear.
My roommate accepted a deposit from me and as mentioned we do have a contract of sorts! In NJ this is very serious business! In NJ a deposit needs to be place in a shared interest bank account and the "lessor" must pay the interest to the lessee. Finally the lessee must by made aware of exactly where the money is. My roommate failed to do this! If she wants to play landlord she would owe me all fines for not following the NJ deposit laws.

Does this change the story? It seems if our contract is seen as a co-tenant agreement we need to split any "profits" of our property transaction which in this case would be the amount I over paid (since our contract "highly suggests" that we owe the same amount! this agreement would be like we are were going into business and agreed to split expenses 50/50 and one happens to be rent. the lease however, didn’t match the amount) She didn’t even say who the sublessee and who was the sublessor was suggesting equal shares!

The media says that they back 80% of American Mortgages. I have mine through BB&T Bank but how would I find out if they used FreddieMac or FannyMay to back it?

I’ve been trying to buy this home for nearly 2 years now. I been through 4 mortgage companies and over 10K trying to pay off debt that didn’t make a difference in my score. I know the routine now,companies will promise you they can help until the realize your credit is below 600, then they wont have anything to do with you. I’ve tried paying on time, paying off stuff. It hasn’t help. What I want to know now is,…..what’s the deal with these bad credit places! Are they any different? Is it a rip off! Will they promise you stuff and not deliver? Why would they give me a chance if most mortgage companies wont?
My score, 519, my income 60K, 11 years on the job. the house is 180K & I have about 5K down. What should/can /can I do?

I’ve found the going rate for 3+ BR 2bath homes in my area to be 0k+ .
My home has 4BRs, 2Baths. I had bought it as a fixer-upper. Due to my unemployment and disability in the family I have to sell.
I know that nobody is going to pay 0k+ for my house. In my estimation it needs about – k worth of work to really fix it up into tip-top shape.
I want to price the house at 5k so a prospective buyer knows I’m taking the fix-up expenses into account, and hopefully drawing in a maximum # of interested people to bring a quick sale. This leaves less negotiation room on offers less than 5, I think someone willing to take on a fixer upper would find this place to be a great deal at 175k.
Alot of people are telling me to price higher, but I need a quick sale – I can’t afford the mortgage for much longer.
At 175k, I can pay off ALL my bills (incl mortgage) and have money in the bank.
Is this a crazy idea? What do you think? Alternative ideas?
Hokie – I’m in New Jersey. In my town, a 2BR 1Bath Condo is selling for 0,000.
i don’t think those condos are gonna sell at that price, since a 3BR house is listed at 9k. I’ve also looked at recent sales information (I have an aquaintance in real estate) and people are getting over 0 for similar homes.

Maria – I’ve still got some wiggle room at 175k. It would come down to how much I can get into the bank. But my minimum number includes a certain dollar amount that I want in the bank in order to make my necessary move happen. I don’t want to shaft myself out of extra $$$ if someone is willing to pay it.

Thankfully, I know I won’t totally lose money even if I had to drop the price to cover the mortgage & home equity loan, without paying off all the bills. I’m close to a job offer, but that is closer to the relative I’m going to be caring for and at a pay-cut.
Doc – I’m planning to do for sale by owner first to avoid paying commission to anyone.
Here’s my strategy – - I’m really hoping to get 0k for the house – that way all my bills are paid and I’ve got enough money to go into the bank.
I figure if I list @ 5, I’ll get plenty of interest and the first offer of 160 or more would get it.
I’m not actually hoping to get 175, although it would be nice. I know not to price the house at my bare-bones, bottom-line absolute minimum I need to sell for.
I know people are going to want to negotiate.
Is 15k enough of a cushion to negotiate on.
If somebody got the house for 160k, put 40k into it and fixed it up, they could easily list it for 250 or more and actually get that price. They’re happy ’cause the house is worth more than they put into it and I’m happy because I sold for what I really want to get.

my fiance has a credit score of about 550.we would like 2 buy a house soon,but i’m sure its pretty obvious that wont happen if we dont fix the credit problem.i have a few ??.i know this is going 2 sound pretty ridiculas & selfish,but whats the point of paying off the bad credit,if its not going 2 bring the credit score up?we have paid a few things off already,but it is still showing up as bad credit on the report. and if i’m right,it won’t go away for 7 years anyway?another problem is,one of the MAJOR things on his credit,which we ARE trying to get taken care of,they are wanting us to pay them over 0 a month!we keep trying to tell them we can’t make that kind of payment,we need to figure something else out,and all they do is tell us that what we are offering isnt good enough,and they r threating 2 take him 2 court or garnish his wages.i thought they were supposed to work with us?i dont know what to do or where to start?this is dragging me/us down,and i’m starting to feel hopeless?!!

My boyfriend & I have been living in the same house for 3 years. He needs to refinance to keep payments at the current amount but has bad credit so it doesn’t look like it will be possible. Instead I may decide to purchase the house from him because I have good credit & will probably be able to lower monthly payments. I have been pre-approved so do I need an agent for anything? Obviously I’m not going to ask him to fix anything before I buy & any closing fees we will split anyway. Thanks.
I assumed it would be assumed we would have an attorney but guess not. The mortgage agent said they would pick the attorney unless I had one I wanted to use which I don’t. What I need to know is what will a buyers agent provide to me that an attorney would not? Thanks.

http://finance.yahoo.com/news/Freddie-Mac-posts-5-billion-rb-3083454207.html?x=0&.v=3

NEW YORK (Reuters) – Freddie Mac (NYSE:FRE – News; NYSE:FRE – News), the second largest provider of U.S. residential mortgage funding, on Friday posted a loss of billion in the third quarter and predicted it would need more government support amid a "prolonged deterioration" in housing.

The recent report from OFHEO (May 23rd) accuses Fannie Mae of 11 billion dollar accounting scandal. What potential effects could this have from the real estate market? Is this like an S&L scandal or not? How would this affect lending from banks? Its a loaded question but would really appreciate some insight. Thanks

i’ve been with my BF for 6yrs now everyone always asks us when r we getting married i usually laugh it off then change the subject. truth is i’m so paranoid about my credit. when i was younger i totally destroid it. i spent years trying to fix it. now its up to the 700 and i worked hard for that. but my boyfriend has bad credit…very bad. He has school loans he hasnt paid off, credit cards, phone, pg&e and hospital bills, all totalling over 10,000. now i know if we get married his credit becomes mine and my score will go back down. i wanna buy a house before i turn 30…im 27 now it will take years for him to fix his credit and mine..if we get married. now what i’m thinking is we have a wedding, reception and honeymoon and all that, we just wont be legally married. my friends and family all say no, but truthfully i’m so worried about my credit. advise please….

Me & My husband paid off all the money owed on his credit report in a attempt to clean his credit and be able to buy a house in the next year or two. Everything has been paid off. We were just approved for our new 2yr contract with At&T with NO deposit, which is a great thing, but what other ways can we re-build his credit again. We already have a vehicle and have always made on time payments so that is another reflection. We were told by a mortgage company that we needed a credit card.?. Which one is the best one? and one that would approve him with his credit in transition from bad to good?

I’m a male single parent that works evening hours & not enough time to spend @ home. I would like to know how can I get out of this rut? I am in need of ,000.00 to start a home bussiness in buying rebuildable cars to make extra money or to buy fixer upper homes then flip them I am yearning for help or investor that believes in me and my cause to succeed. I’m a very honest and trust worthy person. Unfortunately with previous bad credit and with obligations to my children it seems that my enterpeneur endeavors are becoming harder since I am turning 48 years of age this month. I am from a latin decent with knowledge both english and spanish and it seem that to no avail I’m turned down for small loans any ideas any one? I will be very will to share the profits.

It takes me 30 mins to arrived at home from work. I carry my cell phone all the time with me & I also use my light for I could see better in the dark. I go about 19 mph in my bicycle. I try to avoid dark areas or shortcuts. And yes I am street smart too. Any advice? Please no stupid answers. Thanks guys.

I keep hearing there are so many different goverment &/ or private (charity) programs for first time home buyers. Also I will like to attend any first time home buyers seminars that they may have in Idaho. I will like to get all the info I need before purchasing my 1st home. I live Boise, ID. Any info will help.