So are we to believe that Countrywide only preyed on customers in those 11 states really folks lets wake up here and stop giving these vulture s a pass every time they get caught with their pants down Countrywides predatory lending was systemic and all Countrywide loans should be scrutinized
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The sub-prime mortgage crises was fed by the greed (and sometimes the fear) of management teams to maximize shareholder profits""&qu...

NOT TRUE, IT WAS DONE TO INCREASE BONUSES FOR THE PLAYERS AT THE WALL STREET iBanks.
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In general, prices in the resale market are still correcting. Looking a Chicago over the past two years, the seasonal changes in inventory had almost no effect on the downward trend in prices, save for a break in price trend for a short time in the Spring.
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FDR put in a moratorium on all foreclossures. Lyndon Larouche has proposed that that is THE ONLY WAY TO GO TODAY!!! LaRouche is right and all the handwaving and avoiding reality will not change that. Implement LaRouche's Homeowners and Bank Protection Act Now!!!
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best mortgage | mortgage lenders

House Democratic leadership is reported to be working on a bill that will require the US Treasury to include steps to help homeowners avoid foreclosure in the programs under the TARP or else be denied access to the $350B left under the TARP.

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Foreclosure relief may be required to get access to remaining TARP funds

Texas foreclosure laws tend to side with the lender more than the borrower. 20 days notice is all the borrower has to give, but especially these days my understanding Is most send multiple notices to try and work out a solution prior to the 20 day notice.

I'd suspect this isn't the first communication your brother's received from his lender. If he's not spoken with them, he should do so immediately. They may be able to provide options to work out a solution.

You are right that 20 days seems short - just today, the Dallas Morning News wrote an article about this:
Texas' fast foreclosure process hard on homeowners

My brother who lives in Texas just received a notice that he has 20 days to catch up on his loan or will face foreclosure. Can they really do that with that short of notice? How can you catch up in less than one month? He'll only get paid once in that time.

For those of us who still have good credit and savings, buying a house is about to get a lot cheaper.

Treasury sets a 4.5% mortgage rate target

The lowest rates have been in the last 45 years is 5.37%

Just how big of a difference could a 4.5% interest rate make?

According to the mortgage calculator putting 10% down on a 150k home at 6.5% - where rates have been would cost $853 a month. 

At 4.5% that drops to $684 - a monthly savings of $169.  Will it solve the foreclosure crisis, no.  You'll have to have good credit to get those rates, but it will help clear some of the supply that is depressing house prices.  And if you're in the market for a home anytime soon, it makes for a great time to buy.

According to CNBC, investors in Countrywide mortgages have filed a class action lawsuit against the settlement reached with attorneys general over the requirement to modify investor held mortgages.  The issue at hand is who should have to pay, Bank of America or the investors.

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Investors sue over mortgage modifications

The National Association of Realtors reports that home sales were down 3.1% in October while median sales prices dropped 11.3% year over year.  The 11% decline in home prices puts real estate prices back at 2004 levels.

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Home prices drop 11.3% in October