Month: October 2013

The Coming Food Stamp Cut Will Hit 900,000 Veterans

The Fifth Column


In addition to the millions of poor families and seniors, our servicemen are affected by the forthcoming food stamp cuts authorized by Congress as well.  

Think Progress

Benefits from the Supplemental Nutrition Assistance Program (SNAP), otherwise known as food stamps, will automatically drop come Friday thanks to the loss of additional funds from the 2009 stimulus bill. That cut will hitabout 900,000 of the country’s veterans, according to an analysis by the Center on Budget and Policy Priorities.

“Nationwide, in any given month, a total of 900,000 veterans nationwide lived in households that relied on SNAP to provide food for their families in 2011,” CBPP writes. The number varies state to state, with over 100,000 veterans in households that rely on the benefits in Florida and Texas each.

The coming cut will range from $36 a month for a family of four to $11 a month for…

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Homeowner Wins $3.5 Million in Foreclosure Fraud Punitive Damages

Quicken Loans received a judgment from the state Supreme Court of West Virginia that it must pay $3.5 million in punitive damages to Lourie Jefferson.

Jefferson filed a lawsuit against Quicken Loans under allegations that they had, “committed fraud and violated various provisions of the West Virginia Consumer Credit and Protection act in a mortgage loan,” reports John O’Brien of The West Virginia Record.

Jefferson filed the lawsuit in 2007 after responding to a pop-up advertisement from Quicken Loans and was directed to speak to one of their mortgage bankers. After inquiring about her refinancing needs the company ordered and appraisal of the property to deduce an estimated value for refinancing. O’Brien states that Quicken estimated the value of the property to be $262,500 however, the trail court later found it to be valued only $46,000. Another appraiser valued the property at $181,700 and after deliberation Jefferson’s Quicken mortgage banker…

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Let The Fraud Continue

The Foreclosure Detonator

Banks Continue ‘Robo-Signing’ Foreclosure Practices In Spite Of

Promises To Contrary: Investigation

NEW YORK/IMMOKALEE (Scot J. Paltrow) – America’s leading mortgage lenders vowed in March to end the dubious foreclosure practices that caused a bruising scandal last year.

But a Reuters investigation finds that many are still taking the same shortcuts they promised to shun, from sketchy paperwork to the use of “robo-signers.”

That is the headline in the Huff Post Business section yesterday, September 20th.

Remember that the banks promised to not do that any more?  Of course they did but that promise can be added to the other 3 promises one should never believe.

Imagine, a promise made by organizations that have exhibited no moral conviction, no human compassion and certainly no concern for the economies of the entire world.  A promise made by a consortium of global scoundrels, criminals, gangsters, liars and thieves.  And what a shock…

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