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9 Dec 2011, 5:52 am
Bill Black has frequently noted that "In the Savings and Loan crisis, which was 1/70th the size of [the current] crisis, our agency made over 10,000 criminal referrals, and that resulted in the conviction on felony grounds of over 1000 elites in what were designated as major cases. [read post]
9 Dec 2011, 5:51 am
Next time an apologist for the finance industry says that suits against the likes of Citi must be settled because the SEC lacks resources (after other apologists for the finance industry defunded them), we might wonder if the Florida foreclosure kangaroo courts provide a model for action: The judges . . . [read post]
8 Dec 2011, 6:06 am
Contrast that to the approximately 1,000 convictions from the Savings and Loans crisis of the 80’s, which did not cause a recession and led to “only” 150 billion in losses, notes former regulator and current University of Missouri-Kansas City professor Bill Black. [read post]
7 Dec 2011, 1:17 pm
Are they willing to do the work to attempt a loan modification? [read post]
7 Dec 2011, 1:17 pm
Are they willing to do the work to attempt a loan modification? [read post]
5 Dec 2011, 2:58 am
There were strong house price increases in almost all India’s major cities, reflecting the country’s current high rate of consumer price inflation, despite a drop in demand resulting from the repo rate hike in October (currently at 8.50%), the 13th since March 2010, making home loans costlier. [read post]
3 Dec 2011, 9:56 am
Bankruptcy Court, Middle District of Florida, Tampa Division.Bankruptcy -- Dismissal -- Chapter 7 -- Abuse -- Considering totality of circumstances, granting relief to debtor would constitute substantial abuse of bankruptcy process as set forth in 11 U.S.C. section 707(b)(3) where debtor has sufficient disposable income to pay her unsecured creditors in full within sixty months -- Debtor is not entitled to Chapter 7 relief -- Deductions for voluntary 401(k) contributions and repayment of 401(k)… [read post]
2 Dec 2011, 5:00 am
By then, we also owned a house in Salt Lake City. [read post]
1 Dec 2011, 12:56 pm
Aurora Loan Services// < ! [read post]
1 Dec 2011, 10:37 am
And Vikram Pandit over at Citi? [read post]
30 Nov 2011, 2:15 pm
Okay, so here’s the next installment of Mandelman’s Monthly Museletter, which I’ve decided I post whenever there are a bunch of things going on that need to be put into proper perspective, but there’s just no way I can write individual articles on each because to do so presents a serious health risk. [read post]
29 Nov 2011, 11:22 am
Now, because of the foreclosure crisis Wall Street banks created with their lies and greed, millions of Americans have lost their homes, and one in four homeowners are currently underwater on their mortgage. [read post]
26 Nov 2011, 7:08 pm
Since the end of last year, banks have upped up the holdings of government-backed mortgage securities and Treasuries to $1.68 trillion. [read post]
23 Nov 2011, 6:57 am
[Big snip] If your loan is owned by Fannie or Freddie, you may qualify for the Home Affordable Refinance Program, or HARP. [read post]
23 Nov 2011, 5:30 am
So, those who invested in home mortgage loans would benefit. [read post]
22 Nov 2011, 7:31 pm
Donald Trump's biggest asset is brand value; from yahoo.tv:On page 182, Trump lists holdings including $1.37 billion in New York City commercial properties and $1.22 billion in club facilities and related real estate. [read post]
21 Nov 2011, 5:22 am
In a recent case in New York, a Bank of America lawyer was trying to foreclose on a New York City police officer who didn't earn enough to qualify for a mortgage modification, according to The New York Times. [read post]
20 Nov 2011, 7:38 pm
A couple of weeks ago, I discussed a proposed city ordinance in Las Vegas, Nevada that would purport to make lenders responsible for the condition of property that secured their mortgage loans, even though the lender hadn't foreclosed on the property and taken title to it. [read post]
18 Nov 2011, 4:15 pm
Mortgage foreclosures are worse than in the great depression. [read post]
18 Nov 2011, 11:28 am
RESPA prohibits the payment of kickbacks in connection with a “federally related mortgage loan. [read post]
