McClatchy – How 2 Civilian Sleuths Brought Foreclosure Problems to Light

Lisa Epstein and Michael Redman looking through mortgage documents at the Palm Beach County Courthouse in West Palm Beach, Fla. They’re two of the nation’s most influential citizen agitators helping to uncover foreclosure fraud and abuse. | Steve Mitchell/MCT ~ How 2 civilian sleuths brought foreclosure problems to light By Tony Pugh | McClatchy Newspapers … Read more

Attorney General Eric Holder Justice Department looking into home foreclosure mess

Justice Department looking into home foreclosure mess WASHINGTON (Reuters) – The Justice Department is looking into reports that U.S. financial institutions improperly foreclosed on houses, Attorney General Eric Holder said on Wednesday. Several states are investigating the practices of institutions like Ally Financial Inc, formerly known as GMAC, and JPMorgan Chase and Co, among others, … Read more

Bloomberg Must Read – JPMorgan, Bank of America Face `Hydra’ of Foreclosure Probes

JPMorgan, Bank of America Face `Hydra’ of Foreclosure Probes JPMorgan Chase & Co., Bank of America Corp. and Ally Financial Inc., defending allegations of fraudulent home foreclosures from customers and Congress, may face the most financial peril from investigations by state attorneys general. Authorities in at least seven states are probing whether lenders used false … Read more

NY Times – Foreclosure Furor Rises; Many Call for a Freeze

Foreclosure Furor Rises; Many Call for a Freeze By DAVID STREITFELD and GRETCHEN MORGENSON Published: October 5, 2010 The uproar over bad conduct by mortgage lenders intensified Tuesday, as lawmakers in Washington requested a federal investigation and the attorney general in Texas joined a chorus of state law enforcement figures calling for freezes on all … Read more

Sen Robert Mendez – Foreclosure Fraud in New Jersey – Fuhgeddaboudit

[youtube=http://www.youtube.com/watch?v=Zf0ZyoUn7Vk] Forget about it is like if you agree with someone, you know, like Raquel Welch is one great piece of ass, forget about it. ~ Donnie Brasco (1997) More at IMDbPro Senator Menendez Sends Stern Letters to Banks, Asks for GAO Investigation JP Morgan Chase: http://menendez.senate.gov/imo/media/doc/20101005ltr_JPMorgan.pdf Bank of America: http://menendez.senate.gov/imo/media/doc/20101005ltr_BoA.pdf Ally Financial: http://menendez.senate.gov/imo/media/doc/20101005ltr_Ally.pdf Mortgage … Read more

The Market Ticker – An Open Letter To The California Democratic Caucus

An Open Letter To The California Democratic Caucus Dear Sirs and Madams; I’ve read your impassioned letter to Ben Bernanke, Eric Holder and Comptroller Walsh. You have good intentions, but you miss the point. The excuses we have heard from financial institutions are simply not credible three years into this crisis. People in our districts … Read more