Consumer Financial Protection Bureau Issues Rule to Protect Consumers from Irresponsible Mortgage Lending

Consumer Financial Protection Bureau Issues Rule to Protect Consumers from Irresponsible Mortgage Lending Rule Requires Lenders Ensure Borrowers Have the Ability to Repay Their Mortgage WASHINGTON, D.C. – Today the Consumer Financial Protection Bureau (CFPB) adopted a new rule that will protect consumers from irresponsible mortgage lending by requiring lenders to ensure prospective buyers have … Read more

Back to Victorville: Dispatch Zero – In the Wake of the Worst Financial Crash Since the Great Depression

“Victorville was a fucked up wreck, but it was also a very familiar fucked up wreck—a microcosm of Modern America, a well-oiled system that’s built on speculation, suckers and financial fraud . . . And I’m eager to see how it’s been shaping up in my absence.” ~ Back to Victorville: Dispatch Zero Las Vegas: … Read more

It Isn’t Just Guns or Mental Health

It Isn’t Just Guns or Mental Health By George Mantor “No one wins; it’s a war of man”. Neil Young. In a strange sort of way, I agree with the hard-liners who insist that guns aren’t the problem, but for different reasons.  Back before America had 300 million guns, it had 200 million guns.  We … Read more

‘The New Subprime’ Mortgage: Risky Loans Emerge in Twist on Seller Financing

‘The New Subprime’ Mortgage: Risky Loans Emerge in Twist on Seller Financing Mortgages resembling the kind of subprime loans that were blamed for the foreclosure crisis are creeping back into the market, leaving some experts and regulators alarmed. The loans give a relatively new twist to seller financing, putting homeownership within reach of borrowers who … Read more

Florida Lawmakers to Disburse Part of Foreclosure Fraud Settlement Funds Next Week

Lawmakers to disburse part of foreclosure settlement funds next week A legislative budget panel will meet next week to parcel out $60 million to aid troubled homeowners as part of an agreement between Attorney General Pam Bondi and legislative leaders over how to spend some of a foreclosure fraud settlement with five large banks. The … Read more