The mortgage crisis in America has become worse than when the problem first exploded in 2008. Banks are forging ahead with what amounts to the repossession of America, with some foreclosures initiated under fraudulent circumstances. Stock prices and revenues have become more important than seeking the truth. Sadly, many people will be turned out of their homes, due to the mess the government let transpire.

A few years ago, many Americans were deceptively drawn in by the refinance craze, advertised day and night on television, radio, in the newspapers and on the internet. The deceitfully worded ads flooded airwaves and print, promising to improve Americans' financial problems, by giving mortgage holders a better interest rate. They even promised to put a little money in homeowners' pockets to pay off bills, such as credit card balances and car notes, whilst consolidating all debts under one home loan at a low price.

These claims turned out to be a pack of lies for millions of unsuspecting people, as interest rates shot up and mortgages ballooned, breaking their budgets, as their month payments reached an untenable dollar amount. Americans were expected to mysteriously find the money from somewhere, to meet the monthly mortgage extortion sum and when they couldn't, foreclosure proceedings were instituted.

U.S. Congress

Many attempting to save their homes have been met with terrible mortgage scams, such as signing over one's deed, allegedly on a temporary basis, to allow a third party with good credit and great income to obtain a low interest rate loan. Then, they would allegedly surrender the property back to the owner, for a small fee, with a new, lower mortgage payment. Only for homeowners to find out their properties were sold out from under them, when they "temporarily" turned over the deed to a third party.

Others sought lawyers and refinance firms, promising to fix their financial woes, for a monthly fee, only to place them in greater debt with no tangible results. Congress failed the American people in a terrible way, as some members of the legislature, were in bed with the banks, receiving favorable loans with rock bottom interest rates (very low payments), to secure their votes in the House and Senate. 

Thus, the corrupt financial practices were waived through by unscrupulous members of Congress, some of whom seem like they've been in there forever and were there when the Declaration of Independence was signed. If you can remember when you used to ride to Congress on your horse, it's time for you to retire, as you are clearly apart of the problem, having failed to remedy the nation's problems.