Bribery | As Housing Crisis Festers, Mortgage Servicers Spend $8 Million on Political Contributions
As housing crisis festers, mortgage servicers spend $8 million on political contributions As the financial markets roil, one of the critical factors weighing down the U.S. economy is the flood of home foreclosures. Thursday’s crash underscores how difficult it will be for the economy to make significant strides while the housing market is still … Read more
Matt Gardi | Ron Saunders Endorses Department of Justice Investigation of Attorney General Pam Bondi (with the Ferocity of a Common House Gecko)
From the man who brought us Bankster v. Deadbeat… And his five part series on Untangling the Foreclosure Mystery… He now delivers this from Key West the Newspaper… Ron Saunders Endorses Department of Justice Investigation of Attorney General Pam Bondi (with the Ferocity of a Common House Gecko) Small Excerpt; “Ultimately though, while supporting Soto’s … Read more
New York AG Schneiderman Comes out Swinging at BofA, BoNY
New York AG Schneiderman Comes out Swinging at BofA, BoNY This is big. Though we’ve seen leading indicators over the last few weeks that New York Attorney General Eric Schneiderman might get involved in the proposed Bank of America settlement over Countrywide bonds, few expected a response that might dynamite the entire deal. But that’s … Read more
Fraudclosure | Beau Biden, Delaware AG, Moves To Join Bank Of America Mortgage Deal, Signaling Concerns
Beau Biden, Delaware AG, Moves To Join Bank Of America Mortgage Deal, Signaling Concerns WASHINGTON — Delaware Attorney General Beau Biden signaled his intent Friday to intervene in a proposed $8.5 billion settlement over troubled mortgage securities between Bank of America and a group of investors, uniting with his New York counterpart Eric Schneiderman, who … Read more
Fight Eviction | SJC Expands Right to Challenge Bank Seizures
SJC expands right to challenge bank seizures The state’s highest court has ruled that people fighting eviction from homes they lost to foreclosure can challenge the validity of a property seizure in housing court after the fact, a decision that housing rights advocates are calling a major victory. The Massachusetts Supreme Judicial Court’s unanimous ruling, … Read more
HUD Settlement | Bank of America Fined $175 for Failure to Offer Alternatives to Foreclosure
B of A Signs HUD Pact Over Mortgage Abuse The Department of Housing and Urban Development has reached a settlement with Bank of America that releases the company from liability for failing to adequately provide alternatives to foreclosure on 57,000 delinquent government-insured mortgages. The agreement, a draft of which was obtained by American Banker, was … Read more
Citigroup Said to Get California Subpoena Over Mortgage Deals
Citigroup Said to Get California Subpoena Over Mortgage Deals Aug. 5 (Bloomberg) — Citigroup Inc., the third-biggest U.S. bank, was subpoenaed by the California Attorney General’s Office over mortgage securitization, a person familiar with the matter said. Attorney General Kamala Harris, who is investigating mortgage fraud, is seeking information from the New York-based bank on … Read more
New York Attorney General Accuses Bank Of New York Mellon Of Fraud, Moves To Block Bank Of America’s Mortgage Deal
New York Attorney General Accuses Bank Of New York Mellon Of Fraud, Moves To Block Bank Of America’s Mortgage Deal WASHINGTON — New York Attorney General Eric Schneiderman asked a state judge to reject a proposed $8.5 billion settlement agreement over soured loans between Bank of America and a group of investors, claiming in court … Read more
WSJ – Mortgage Insurer PMI Warns of Shutdown… Due to Toxic Titles?
Mortgage Insurer PMI Warns of Shutdown Mortgage insurer PMI Group Inc. warned Thursday that it could be forced to stop selling new coverage, sending shares plunging. PMI, which has reported about $3 billion in losses since the fourth quarter of 2007, said a backup plan intended to allow the company to stay open for business … Read more
MASS | Springfield Passes Tough Anti-Foreclosure Legislation
Springfield Passes Tough Anti-Foreclosure Legislation SPRINGFIELD, Mass. (WGGB)– The Springfield City Council takes strong action to reduce the number of foreclosures in the city. On Monday night, the council passed a measure which supporters say gives Springfield the toughest anti-foreclosure legislation in Massachusetts. The strong anti-foreclosure vote by the Springfield City Council had supporters like … Read more
Sunday Night Song | Tim Miller – “Love, Your Broken Home” (Live Studio Recording)
Uploaded by TimMillerDotCom Writing for the next release – here’s the latest. Best viewed at 1080p HD. For more info: http://www.timmiller.com. A little while back I listened to an interview on the radio involving predatory lending practices. On one side, they had a family on the verge of being homeless because of these predatory practices. … Read more
