Show me the title! Strategic Defaults and the Homeowners Revenge. By Numerian Posted by Michael Collins If strategic defaults spread in part because of this new uncertainty over foreclosure and who has the title to the home, the banks and the mortgage backed securities market would be put in a dreadful position. The day in and day out cash flow expected from millions of mortgage principal and interest payments would be impacted far more than it is already, with the banks unable to access their collateral to stanch the bleeding.
Insolvencies among the banks and the investors holding mortgage securities would certainly rise. Numerian What appeared at first to be an isolated problem with home mortgage foreclosures at GMAC has morphed into a serious conundrum for just about everyone involved in the residential home market: homeowners, banks, mortgage servicers, investors, and even the US government. The problem goes beyond finding which lender has legal title to a home, and therefore the right to foreclose on a defaulted mortgage. It gets worse. On Faith Panelists Blog: Trivia kings, but bad thinkers: understanding over facts - John Mark Reynolds. SL Letter of the Day: Almost Sorry | Slog | The Stranger, Seattle's Only Newspaper. I was listening to the radio yesterday morning and I heard your interview with Beth McDonald.
I have been thinking about it a lot since then and I feel compelled to share my thoughts with you. I was saddened and frustrated with your comments regarding people of faith and their perpetuation of bulling. As someone who loves the Lord and does not support gay marriage I can honestly say I was heartbroken to hear about the young man that took his own life after being humiliated by people who should have known better. I think you need to be aware of your own prejuduces and how they might play into your thinking. I'm sorry your feelings were hurt by my comments. No, wait. A question: do you support atheist marriage? Being told that they're sinful and that their love offends God, and being told that their relationships are unworthy of the civil right that is marriage (not the religious rite that some people use to solemnize their civil marriages), can eat away at the souls of gay kids.
Back to School: Christian group against anti-bullying efforts. As that catchy TV ad reminds us: "It's the most wonderful time of the year" - Back to School! Although many parents and students are excited about the return to school, many families face the re-entry to school with dread. Some students are starting in new schools, new towns, new communities where they don't know if they will fit in or be accepted, and others are returning to familiar schools and places where they have faced bullying, sexual harassment, racial slurs or other forms of discrimination. Sadly, Focus on the Family, a conservative Christian group, is using the back-to-school time to advance their anti-gay message by taking a vocal stance opposing anti-bullying campaigns. In a news story in the Denver Post yesterday, a Focus on the Family "education expert" stated, "We feel more and more that [gay] activists are being deceptive in using anti-bullying rhetoric to introduce their viewpoints, while the viewpoint of Christian students and parents are increasingly belittled.
" HRC to Mormon Apostle: Your Statements are Inaccurate and Dangerous. Legal or not, sex industry powers on. WHETHER prostitution is legal or not has ''little or no impact on the size of the industry'' but it does affect the health of sex workers, Australian research shows. A study of prostitution in Sydney, which has the most liberal approach; in Perth, where it is mostly outlawed; and Melbourne, which falls in between, has found a ''thriving'' sex industry in all three cities. Legal status was found to affect only the health and support services available to sex workers and the hygiene and safety standards of brothels. ''In spite of the different legal climates, each city had a thriving brothel, escort, private [call girl] sex industry plus a small street-based industry,'' a co-author Basil Donovan, from the NSW and National Centre in HIV Epidemiology and Clinical Research at the University of NSW, said. Advertisement ''On a per capita basis, the number of brothels was broadly comparable between the cities. ''This suggests the legal climate has no impact on the prevalence of commercial sex.''
On Faith Panelists Blog: Trivia kings, but bad thinkers: understanding over facts - John Mark Reynolds.