The banks engaged in a years' long pattern of what can only be described as fraudulent if not criminal conduct that would put anyone else in prison for years if not decades, yet banks get to buy off the cops with some money to help just a few of the victims they created.
We'll win some but we'll lose some, and some of the time we will do both at the same time. That is the story of the robo-signing settlement that has finally become a done deal after many long months of struggle over it.
Once again we're hearing that a foreclosure fraud deal is about to be announced between major banks, the U.S. government and most or all of the states. How will we know if it's a good deal for the American people?
The terms for the settlement of the robo-mortgage scandal and the states participating in the settlement are expected to be resolved soon. Unfortunat...
If the mortgage settlement turns out to be the final installment of relief for homeowners, it will be a colossal failure, both as economics and as justice.
Over the intervening three years, what did Obama do? Well, we got a stimulus package, and then a year later an absurdly complicated new law that addressed everything except the most important issues. And that's about it.
Tomorrow is the deadline for state attorneys general to sign on to a joint federal and multi-state $25 billion settlement of the robo-mortgage scandal...
It is time to deliver the first installment of relief for homeowners that have not a moment to lose.
Nevada's unfortunate status as ground zero for foreclosures may last a while.
Given the administration's feeble record on prosecutions to date, the critics are right to flag the likelihood that people like Attorney General Eric Holder and SEC enforcement chief Robert Khazumi will try to sandbag Eric Schneiderman. But they shouldn't underestimate him.
California Attorney General Kamala Harris did right to re-open the talks demanding compensation from the nation's largest banks that admittedly engaged in unscrupulous mortgage and foreclosure practices.
Just how serious is the vacant property problem in the Chicago region? A look at the data can give us a sense of the scope of the challenges our communities face.
Mr. Romney's back-tracking on the issue of foreclosure is a tacit admission that he and his party have no plan to help Americans at risk for losing their homes.
Rumor has it that on Monday, after months of negotiation with big banks, the White House may announce a settlement that would let the banks off the hook for their role in the foreclosure crisis. We hope these rumors are untrue.
What will happen is anyone's guess. But if 2011 was any indication of things to come, it's possible that banks will begin to make the necessary changes to stop the bloodletting?