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4 Nov 2011, 1:42 am
One more thing just to make sure that no one misses the irony here… the mortgage servicers whose bad acts and criminal behavior against 4.5 MILLION American homeowners rose to such an unacceptable level that they have been forced to participate in this “independent foreclosure review,” are the ones saying that we’re not allowed to know anything about it. [read post]
3 Nov 2011, 7:28 pm
Countrywide Home Loans, L.V. and Yvette Crawford sued their mortgage servicer and, originally, a wealth of other people over their foreclosure and eviction from their Indiana home. [read post]
2 Nov 2011, 10:37 am
One out of four homeowners is underwater, owing more on their homes than the homes are worth. [read post]
31 Oct 2011, 12:00 pm
Bank of America, N.A., et al (11-11091), the Eleventh Circuit affirmed the district court's conclusion that the United States Treasury’s Home Affordable Mortgage Program (HAMP) program does not provide a private right of action. [read post]
31 Oct 2011, 6:21 am
Late last year, the agency's head decided to sell back a large number of bad mortgages and mortgage backed securities to Bank of America. [read post]
31 Oct 2011, 4:14 am
Further proof of this could be seen in September when Impac Funding, an investor that uses Bank of America Home Loans and GMAC to service many of their mortgages, started contacting borrowers directly with offers to help homeowners modify their loans. [read post]
30 Oct 2011, 6:25 am
In 2009, in response to an apparent proliferation of “scammers” widely reported to be preying on California homeowners at risk of losing their homes to foreclosure, Sen. [read post]
28 Oct 2011, 12:21 pm
Even the lowest paid athletes in the two biggest revenue sports in America are well into the top 1% of the top 1% of America. [read post]
28 Oct 2011, 7:54 am
If you are a banker-broker who designed flawed mortgages that caused a million people to lose their homes, you get a second-home vacation-mansion near a golf course. [read post]
28 Oct 2011, 7:10 am
As a result of Kelly filing false loan applications, Bank of America lost hundreds of thousands of dollars. [read post]
27 Oct 2011, 9:57 am
Romney also epitomizes the pump-and-dump culture of America’s super rich. [read post]
26 Oct 2011, 12:23 pm
The "Flat Tax" does not eliminate all deductions: it will leave deductions for charitable contributions (highly favorable to the rich who are the ones that make the most such contributions) and mortgage interest (also favorable to the rich, who have the most expensive homes and get the full amount of the interest deduction even with a flat tax), and some health and child care expenditures. [read post]
26 Oct 2011, 11:55 am
It’s clear a large portion of America is going without. [read post]
26 Oct 2011, 7:02 am
(This is America, after all.) [read post]
Mainstream media waking up to foreclosures being a big problem – And by big problem, I mean Geithner
25 Oct 2011, 3:41 pm
Millions of people are deeply indebted, owing more than their properties are worth, and many have lost their homes to foreclosure or are likely to do so. [read post]
25 Oct 2011, 7:49 am
Mortgage debt service is rent you pay to yourself for the privilege of living in the home you’ve borrowed money to buy. [read post]
24 Oct 2011, 10:09 am
As a result, too many neighborhoods in America are afflicted with abandoned properties. [read post]
24 Oct 2011, 7:59 am
(I’ll be surprised if Perry’s plan eliminates the popular mortgage-interest deduction, for example.) [read post]
22 Oct 2011, 12:34 pm
Against the Financial Firm, Institutional Investor Securities Blog, August 29, 2011 Federal Home Loan Banks Say Countrywide Financial Corp Mortgage Bond Investors May Be Owed Way More than What $8.5B Securities Settlement with Bank of America Corp. is Offering, Institutional Investor Securities Blog, July 22, 2011 Bank of America and Countrywide Financial Sued by Allstate over $700M in Bad Mortgaged-Backed Securities, Stockbroker Fraud Blog, December… [read post]
22 Oct 2011, 9:23 am
Incredibly, he criticized President Obama for not foreclosing on America’s homeowners fast enough. [read post]
