The Speech That Wins The Election (A Must Read)
The Market Ticker – The Speech That Wins The Election The question is, will someone deliver this between now and November? My fellow Americans; Almost exactly four years ago the stock market began a sickening plunge that would shake the world. Declining from just over DOW 11,000 to under 7,500 in two short months, only … Read more
ASSURED GUARANTY MUNICIPAL CORP vs FLAGSTAR BANK | Rakoff Delivers Enormous Gift to MBS Bond Insurers, Noteholders
Rakoff Delivers Enormous Gift to MBS Bond Insurers, Noteholders U.S. Senior District Judge Jed Rakoff of Manhattan made Assured Guaranty wait a long time for the opinion explaining his ruling back in February that denied the MBS issuer Flagstar summary judgment on its interpretation of what constitutes a breach of the representations and warranties on … Read more
Woman Tased During Eviction of Her Foreclosed Home (VIDEO)
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Big Lenders are Back in Court to Fight AG’s Foreclosure Lawsuit
“Attorneys for the banks argued Monday that the state’s prosecution lacked supportable facts and failed to show anything but mere administrative mistakes.” ~ Big lenders are back in court to fight AG’s foreclosure lawsuit Seeking to have the remaining civil charges against them dismissed, five large national mortgage lenders and the Mortgage Electronic Registration System … Read more
National Fair Housing Alliance Accuses BofA of Bias in Managing Foreclosed Homes
Group accuses BofA of bias in managing foreclosed homes (Reuters) – A nonprofit group on Tuesday accused Bank of America Corp of maintaining and marketing foreclosed homes in white neighborhoods much better than those it owns in African-American and Latino neighborhoods. The National Fair Housing Alliance and its member organizations said they filed a discrimination … Read more
CFPB Report | Analysis of Differences Between Consumer and Creditor Purchased Credit Scores
Analysis of Differences between Consumer and Creditor Purchased Credit Scores Executive Summary When consumers purchase their credit scores from one of the major nationwide consumer reporting agencies (CRAs), they often receive scores that are not generated by the scoring models use to generate scores sold to lenders. The Dodd-Frank Wall Street Reform and Consumer Protection … Read more
Young U.S. Adults Flock to Parents’ Homes Amid Economy
Young U.S. Adults Flock to Parents’ Homes Amid Economy The Class of 2008, born during the historic bull market that closed the past century, reached a dubious distinction last year: More than a million of the college graduates have gone back home. The number of 26-year-olds living with parents has jumped almost 46 percent since … Read more
OCC | Community Reinvestment Act: Income Level for Median Family Income
To: Chief Executive Officers and Compliance Officers of All National Banks, Federal Savings Associations, Federal Branches and Agencies, Department and Division Heads, All Examining Personnel, and Other Interested Parties Description: Income Level for Median Family Income Attached are the recently published Federal Financial Institutions Examination Council (FFIEC)-calculated Median Family Income (MFI) data. The 2012 MFI … Read more
Retribution for Your Stolen Home? Less than $1,000 – Bondi Announces that Qualified Borrowers Who Lost Homes to Foreclosure May Be Eligible for Payment
Attorney General Bondi Announces that Qualified Borrowers Who Lost Homes to Foreclosure May Be Eligible for Payment TALLAHASSEE, Fla.—Attorney General Pam Bondi announced today that claim forms are going out to approximately 167,398 Florida borrowers who lost their home to foreclosure between Jan. 1, 2008 and Dec. 31, 2011 and who may be eligible for … Read more
