Mortgage Bankers Association "extricates" self from owning property...

...the irony of the MBA ditching this investment, while moralizing that homeowners should continue to pay their mortgages, is...well, quite ironic.

CombatEffective: Wall Street & Congress issue final F*** You to America...

...with the failure of this legislation, underwater homeowners are now on their own. if you are massively underwater and in an area not expected to recover within the next five years, it's in your best interest to pack your boxes and mail your keys to the lender. If you're in a deficiency state, declare bankruptcy when you get the Notice of Default.