Nathan “Patches” Pim | Puppet Show Brings Foreclosure, Poverty to Florida Stage (VIDEO)
Our friend Nathan “Patches” Pim is a Florida-based member of Food Not Bombs who serves meals to the homeless, and to Occupy activists. But he’s also an artist whose vibrant, aggrieved puppets and their forlorn stories bring the economic issues roiling his state to the stage. Pims’ puppet show in Tampa’s Ybor neighborhood went on … Read more
SEC Probing Ally’s (GMAC) ResCap for Possible Mortgage Fraud
SEC probing ResCap for possible mortgage fraud Aug 28 (Reuters) – The U.S. Securities and Exchange Commission is investigating Ally Financial mortgage unit Residential Capital for possible misconduct in its loan origination and underwriting practices. The SEC disclosed in court documents that it had issued a formal order of investigation on Feb. 22 to probe … Read more
Federal Reserve Bank of Dallas | Ultra Easy Monetary Policy and the Law of Unintended Consequences
The Market Ticker – The Can Is Full Of Cement Apparently The Dallas Fed, which has been a strong opponent of “QE” in all forms, has come out with a working paper, the soon-to-be-infamous “#126″. The paper, entitled “Ultra Easy Monetary Policy and The Law Of Unintended Consequences“, is a must-read. It is an excoriation … Read more
The Recovery is Upon Us – Case Shiller Home Prices Beat Expectations, Up Across the Board, Housing has Bottomed
PRESS RELEASE Home Prices Rose in the Second Quarter of 2012 According to the S&P/Case-Shiller Home Price Indices From the report: “Home prices gained in the second quarter,” says David M. Blitzer, Chairman of the Index Committee at S&P Dow Jones Indices. “In this month’s report all three composites and all 20 cities improved both … Read more
Distressed Home Sales Hit Snag – Hundreds of Foreclosures have been Deemed Defective by the Title-Insurance Company
Distressed home sales hit snag ‘Hundreds of foreclosures have been deemed defective by the title-insurance company.’ As lenders across the country struggle to sort out confused, sloppy or abusive foreclosure practices, a 2-year-old state mortgage-counseling law in Rhode Island has turned into a stumbling block for many banks trying to move distressed properties off their … Read more
Bank Sends Foreclosure Notice to Woman Who Made $70K in Payments for House She Didn’t Own
Scranton woman suing bank, lawyer for not filing proper paperwork after home sale For more than three years, Shelia M. Layo made $69,594 in mortgage payments on a property she did not own. The Scranton woman is living in the house, which she still doesn’t own, and is suing Peoples Neighborhood Bank, closing agent Richard … Read more
Chair of Democrat Convention Won’t Say “Bank Of America” (VIDEO)
Villaraigosa refused to use the bank’s name during his CNN interview today. “I’m calling it the football stadium,” he said. ~ 4closureFraud.org Tweet
Anonymous – You Can Make a Difference (VIDEO)
The purpose of this video is to help educate others on how they can help make a difference. ~ 4closureFraud.org Tweet
SEC Set to bring Civil Charges Against Miami in Muni Bond Probe
SEC set to bring civil charges against Miami in muni bond probe Two years ago, the Securities and Exchange Commission brought its first-ever enforcement action against a state, accusing New Jersey of deceiving municipal bond investors about the state’s unfunded pension liabilities. The case was a wake-up call. Bloomberg predicted a wave of similar SEC … Read more
Wells Fargo: Stop the Foreclosure on my Dead Mother’s Home
Wells Fargo: Stop the Foreclosure on my Dead Mother’s Home By Gail Leeks and Jora Trang Like vultures, Wells Fargo waited. The house that my mother, Marjorie Gibson, owned is the only home our family has had for over two generations. I know she wanted me to have the house to live in and take … Read more
