OHIOfraudclosure: CHASE BANK vs CITY OF CLEVELAND – U.S. Court Sides with City of Cleveland v Wall Street
OHIOfraudclosure: U.S. Court sides with City of Cleveland v Wall Street For years the City of Cleveland (Ohio) has fought a herculean battle against Banks, Wall Street and the lenders which almost destroyed the entire housing stock of Cleveland. The city fought to Hold Banks accountable in local courts, State and Federal courts and even … Read more
New Jersey Foreclosures Crisis: Chris Christie Not Using $300 Million In Federal Funds To Help Distressed Homeowners, WABC Reports
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Cummings Issues Statement on Inspector General Report That Faults FHFA’s Oversight of Fannie Mae and Freddie Mac
Cummings Issues Statement on Inspector General Report That Faults FHFA’s Oversight of Fannie Mae and Freddie Mac Washington, DC (Sept. 27, 2012)—Today, Congressman Elijah E. Cummings, Ranking Member of the House Committee on Oversight and Government Reform, issued the following statement in response to a report issued by the Inspector General of the Federal Housing … Read more
FHFA OIG | FHFA’s Conservator Approval Process for Fannie Mae and Freddie Mac Business Decisions
Why FHFA-OIG Did This Audit The Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) lost billions of dollars when the housing market collapsed in 2007 and 2008. In response, Congress enacted the Housing and Economic Recovery Act of 2008 (HERA), which created the Federal Housing Finance Agency (FHFA … Read more
SEC Charges Goldman Sachs and Former Vice President, Neil M.M. Morrison, in Pay-to-Play Probe Involving Contributions to Former Massachusetts State Treasurer
“While the SEC’s case against Morrison continues, Goldman Sachs agreed to settle the charges by paying $7,558,942 in disgorgement, $670,033 in prejudgment interest, and a $3.75 million penalty, which is the largest ever imposed by the SEC for Municipal Securities Rulemaking Board (MSRB) pay-to-play violations.” ~ SEC Charges Goldman Sachs and Former Vice President in … Read more
OCC Mortgage Metrics Report | Mortgage Performance Improved from a Year Ago
Mortgage Performance Improved from a Year Ago, OCC Report Says WASHINGTON — The overall quality of first-lien mortgages serviced by large national and federal savings banks improved from the same period a year ago but showed seasonal decline from the prior quarter, according to a report released today by the Office of the Comptroller of … Read more
A Pro-Homeowner Viewpoint | Eminently Reasonable – Using the Power of Eminent Domain to Restructure Underwater Mortgages is Constitutional, Beneficial and Administratively Feasible
“The bottom line is that preventing mass foreclosures, with its implications for halting blight, keeping property tax rolls healthy and maintaining vibrant communities, is an obviously legitimate public purpose that is consistent with the relevant Supreme Court precedent.” ~ Eminently Reasonable Using the power of eminent domain to restructure underwater mortgages is constitutional, beneficial and … Read more
The Speech To Win The Election On November 6, 2012 (VIDEO VERSION)
The Speech To Win The Election On November 6, 2012 By kdenninger This is the speech that, were a Presidential Candidate to deliver it, would change the race and deliver that person to the White House. Is there anyone courageous enough to do it, and restore America’s promise — and our future? The text of … Read more
California | Gov. Jerry Brown Signs Foreclosure-Prevention Legislation
Brown signs foreclosure-prevention legislation The foreclosure-prevention bills aim to prevent another big real estate bust like the one that plunged California and the nation into a recession 5 years ago. SACRAMENTO — Gov. Jerry Brown has completed work on a package of foreclosure-prevention bills aimed at preventing another massive real estate bust like the one … Read more
WSJ | The Big Interview: Sheila Bair (VIDEO)
The Big Interview: Sheila Bair Former FDIC chairman Sheila Bair tells WSJ Heard on the Street reporter Rolfe Winkler she feels Treasury Secretary Tim Geithner skewed the banking bailout to the needs of Citigroup and that she favors breaking up the big banks. ~ 4closureFraud.org Tweet
