Foreclosures

Right now there are 14mm subprime loans in America... Many of which are (ARMS) adjustable rate mortgage that the interest rate will adjust up in the very near future... Mortgage companies are primarily the ones at fault here for selling these products to financially ignorant clients, in order to make commissions and profits... the reason they chose to use an arm instead of a 15 or 30 year loan is to get the buyers into a higher priced home, a home they had no business buying in the first place... The majority of these buyers could hardly afford to pay their note before the arm adjusts higher, so it's only a matter of time before they foreclose n their home... This is exactly what the lenders want, yes what they want!!! Why you may ask? because of out lovely equities markets allowing lenders to package these notes together and sale them on the open market as mortgage backed securities after selling the note back and forth to other lenders to leave a confusing trail to anyone wishing to look... it is such a profitable thing to do that lenders have even illegally foreclosed on homeowners who have never missed a payment, and many even over paid their mortgage... This is not just a rare occurrence either, after visiting a website www.msfraud.org I noticed this is happening all over the country in mind boggling numbers... These lenders know that no one will believe these foreclosure victims that they have had their home stolen from such a recognized company that the courts won't help these people... Our legal system is not trained to see the difference between companies that stole $50,000 than a bank robber that just walked out the bank with $50,000... There are numerous laws on the books already to protect homeowners but the courts seem to only look at things as they appear to be and not as they are... The media rarely run these stories as they are proven to be instead they run the story only to protect their advertising revenue by the lenders who spend millions at their paper or station... There are many other issues with mortgage servicing fraud and to find out more log onto www.msfraud.org...
In a country as powerful as the United States we should not have these types of problems, but we are and it proves we have a weak infrastructure... Without fixing out court system and punishing white collar crooks for what they do you can watch the impacts it has on our economy and people's moral... That all said, what impact will it have on the dollar?