The Fannie Mac Daddy: Fannie Freddie To Merge Select Operations

The Fannie Mac Daddy: Fannie Freddie To Merge Select Operations In what we are sure will be a BLS job creating moment, Fannie Mae and Freddie Mac will create a common platform for issuing MBS as they wind down operations and plan for a future in which the two companies no longer exist. Big is … Read more

Adam Levitin: Why the Independent Foreclosure Reviews Were Doomed to Fail

Why the Independent Foreclosure Reviews Were Doomed to Fail Apparently part of the bank flaks’ talking points regarding the foreclosure reviews is that to the extent homeowners harmed by wrongful foreclosures, they were actually drug dealers. The message: we didn’t foreclose on anyone who didn’t deserve it. We were just foreclosing on some scumbags and … Read more

Fallout from ‘Untouchables’ Documentary: Wall Street Whistleblower, Michael Winston, Gets Reamed

Fallout from ‘Untouchables’ Documentary: Another Wall Street Whistleblower Gets Reamed A great many people around the county were rightfully shocked and horrified by the recent excellent and hard-hitting PBS documentary, The Untouchables, which looked at the problem of high-ranking Wall Street crooks going unpunished in the wake of the financial crisis. The PBS piece certainly … Read more

FWIW: Toll-Free Numbers Regarding Lender Processing Services Robo-Signing Settlement Posted to Assist the Homeowner

Toll-free numbers regarding Lender Processing Services settlement MEDIA RELEASE The Department of Commerce and Consumer Affairs’ Office of Consumer Protection has announced consumers affected by a multi-state settlement last month with Lender Processing Services, Inc. (LPS) and its subsidiaries, LPS Default Solutions and DocX, can now begin making calls regarding their cases. Hawaii joined 44 … Read more