Naked Capitalism | Feds Reviewed Only 100 Foreclosure Files in Servicer Whitewash

Federal Deposit Insurance Corp. Chairman Sheila Bair said in a Senate committee hearing this week that these reviews will be a major issue. The investigation conducted by the OCC and the Fed included a review of just 100 foreclosure files. ~ Feds Reviewed Only 100 Foreclosure Files in Servicer Whitewash Not only are the authorities … Read more

NY Times | Budget Cuts Imperil Aid in Foreclosure Cases

Budget Cuts Imperil Aid in Foreclosure Cases In the large immigrant community of Jamaica, Queens, which is ground zero of New York City’s foreclosure crisis, a small squad of young lawyers fans out to local courts every day to do battle with lenders, negotiate hard-fought changes to onerous loans and provide free legal representation to … Read more