In 2007, the rate of homeownership saw its biggest one-year drop in value of the official record.
The number of vacant homes climbed to 2.18 million from 2.07 million, the Census Bureau reported.
What's the chance that the losses the home mortgage lenders are taking with their multi-billion dollar loses will force the Federal and State Governments to do more than through $500 to $1,200 checksat the enormality of the problem?

Instead of throwing crumbs to the working poor and stop there, it looks to me that the financial crises in the home mortgage business has become international on the mortgage investment side of the crises. We are seeing mortgage instruments disappearing in massive proportions and in spite of the demand from the Housing Consumers.

The absence of choices for the housing consumer will reflect itself in a continuing inability of the 1st time buyer to qualify to make their much needed home purchase. Therefore, the supply and demand will cause Real Estate values to continue in the decline, along with the reduction of Real Estate Sales.

As the Real Estate Market declines, there will be a continuing slide.

Where will the future 1st time buyers come from? Could the new Housing Consumer be the Illegal Imigrants from Africa, the Middle East, the Far East and of course Mexico and South America? If I were associated with a Real Estate Investment Group, I would be willing to buy portfolios of Residential Investmens and Commercial Real Estate and clean them up and Flip those properties with Personal Financing and thereby step into the Niche Finance Market where the traditional lendors have vacated.

So, once again the stage is being set for the Rich with financial ability to get even richer through the wholesale Buying and Flipping of Real Estate Foreclosure Properties.

How could all this major travesty occur without major fraud practices and what is our Federal Government penalizing the International Corporate Foxes who have Cleaned Out The Chicken Coop?
I understand that our FBI has started investigating possibly 14 Mortgage Lenders for possible accounting fraud, insider trading or other violations in connection with homemortage loans.

What does the FBI know about financial services? The FBI will have to as the Foxes(Securities Exchange People, other Corporate Frauddd Auditors & Others) to assist in the investigation. Good Luck to Fairplay!

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