Retrospectives of the Financial Crisis Are Leaving Out the Most Important Part—Its Victims

Retrospectives of the Financial Crisis Are Leaving Out the Most Important Part—Its Victims BY David Dayen Because I’m a masochist, I’ve read as many retrospectives as I could about the 10th anniversary of the fateful failure of Lehman Brothers, the emblematic event of the financial crisis. And I can’t help but notice a gaping hole … Read more

Second Investor Pleads Guilty in Foreclosure Bid-Rigging Case

Second Investor Pleads Guilty in Foreclosure Bid-Rigging Case Real estate investor Christopher Graeve pleaded guilty this week to rigging online foreclosure auctions for homes with a total value of $8 million, the U.S. Department of Justice said. Graeve is the second real estate investor to plead guilty in this investigation. Stuart Hankin in June admitted to violating … Read more

Unclean Hands: Chase Foreclosure Robo-Witness Darlene Marcotte Destroyed at Trial

“One who comes into equity must come with clean hands else all relief will be denied him regardless of merit of his claim, and it is not essential that act be a crime; it is enough that it be condemned by honest and reasonable men.” ~ Roberts v. Roberts, 84 So.2d 717 (Fla. 1956) ~ … Read more

Ocwen Dead Last in JDPower’s Survey of Mortgage Servicer Satisfaction

Ocwen Dead Last in JDPower’s Survey of Mortgage Servicer Satisfaction Troubled mortgage company Ocwen Financial fell into last place on JDPower’s 2018 survey of borrower satisfaction with mortgage servicers. Ocwen’s score of 667 on a 1,000-point scale was the worst showing among companies that collect loan payments, JDPower said Thursday. Quicken Loans had the highest … Read more

Lessons for Next US Financial Crisis From Bernanke, Geithner & Paulson

Lessons for Next US Financial Crisis From 3 Key Ex-Officials WASHINGTON — Three officials who played vital roles in combating the 2008 financial crisis say they worry that the painful lessons from the banking system’s near-collapse a decade ago may be forgotten. “It is important that people focus on the lessons,” said former Treasury Secretary … Read more

Who Holds the Title? An Interview with David Dayen 2018

Who Holds the Title? An Interview with David Dayen By: Austin C. Yenne During the 2007 – 2008 financial crisis, Florida was one of the top states hit with foreclosures. Unfortunately, what wasn’t given enough attention were the many residents that were being foreclosed on illegally. David Dayen came across three ordinary citizens in Lake … Read more