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Foreclosure Fraud

The Wall Street Bailout Didn't End In 2008

The Huffington Post | Zach Carter | Posted 06.15.2016 | Politics

The 2008 financial crisis was the most disruptive political event yet experienced in the 21st Century, but even for professional bank dorks, the mater...

Ben Hallman

Lawyers Are Now The Driving Force Behind Mortgage Scams | Ben Hallman | Posted 06.13.2014 | Business

From the very first day she was allowed to speak with clients at her new law firm job, Michele Stephens wondered if she was doing something unethical....

'Green Shoots': The Year in Wall Street Reform

Richard (RJ) Eskow | Posted 02.21.2014 | Politics
Richard (RJ) Eskow

Local politicians are taking on the big banks. Candidates for major office are adopting populist themes. But it starts at the bottom, not the top, with activists who engage with and crystallize the public's desire for justice.

Make Wall Street Pay, Restore Our Communities

Deborah Castillo | Posted 01.23.2014 | Business
Deborah Castillo

Some in the media are crying out as if the big bankers were being persecuted within an inch of their lives. As much as they complain, not a single banker has gone to jail as a result of the mortgage debacle. But I did.

Setting the Record Straight: BofA's Rebecca Mairone Found Liable for Fraud

L. Randall Wray | Posted 09.19.2014 | Business
L. Randall Wray

Bank of America specialized in making mortgages with terms that the loan officers and executives like Mairone knew the borrowers could not possibly service. Fraud was the business model. Foreclosure was the expected result.

Zach Carter

Consumer Watchdog Finds Mortgage Abuses Still Rampant | Zach Carter | Posted 08.22.2013 | Politics

The Consumer Financial Protection Bureau on Wednesday issued a report detailing a host of failures in basic mortgage payment processing at U.S. financ...

The Great Eviction

Laura Gottesdiener | Posted 10.01.2013 | Business
Laura Gottesdiener

Since 2007, the foreclosure crisis has displaced at least 10 million people from more than four million homes across the country. They add up to approximately the entire population of Michigan.

A Dream Foreclosed

Russell Mokhiber | Posted 07.23.2013 | Business
Russell Mokhiber

How different are the big Wall Street banks circa 2008 from the loan sharks of the 1970s? Not very. Laura Gottesdiener has written a remarkable book that hits hard against the big Wall Street banks.

Economic Weapons of Mass Destruction: Mortgages in the Era of Mass Terror

Laura Gottesdiener | Posted 07.07.2013 | Business
Laura Gottesdiener

Since 2007, Wall Street has evicted four million families -- approximately ten million people -- from their homes. Millions more are ensnared in ongoing foreclosures.

OCC Ya! The Government Agency That Should Fine Itself

Adam Levin | Posted 06.19.2013 | Business
Adam Levin

Let's face it. The biggest bank regulator in the U.S. is an abject failure. Worse, it's costing us oodles of money, and not just from bounced checks.

Eleazar David Melendez

Bankers Who Made Millions In Housing Boom Misled Investors: Study | Eleazar David Melendez | Posted 02.13.2013 | Business

Bankers who made billions of dollars packaging home loans into bonds during the prime years of the housing boom provided false information to investor...

Bankrupt Town's Mayor Committed Massive Foreclosure Fraud

Reuters | Posted 11.19.2012 | Business

* US prosecutors to recommend prison for mayor, backer * City saw 156 foreclosures in 2008 * Central Falls filed for ban...

How the Big Banks Lost and Homeowners Won in California

Rick Jacobs | Posted 09.02.2012 | Business
Rick Jacobs

Bills that looked very much like the Homeowner Bill of Rights had been introduced for four years. They died in committee or on the floor at various times, until now. The difference?

California Lawmakers Approve Foreclosure-Protection Law

Reuters | Posted 09.01.2012 | Business

SAN FRANCISCO, July 2 (Reuters) - California legislators on Monday approved a sweeping bill aimed at stopping abusive practices by mortgage lenders ...

Zach Carter

Foreclosure Activist's Bank Can't Tell Her How Much She Owes | Zach Carter | Posted 06.11.2012 | Politics

PROVIDENCE, R.I. -- Lynn Szymoniak's four-year foreclosure nightmare is finally over -- but the high-profile activist and attorney said she couldn't f...

Zach Carter

Obama Foreclosure Program Criticized By Expert Panel | Zach Carter | Posted 06.08.2012 | Politics

PROVIDENCE, R.I. -- Former Wall Street bailout watchdog Neil Barofsky blasted the banking industry on Friday for inflicting a litany of abuses on Amer...

Protests Begin At Bank of America Shareholder Meeting

Posted 05.09.2012 | Politics

Activists from Occupy Wall Street, the environmental movement and labor unions, along with victims of home foreclosures, have begun massive demonstrat...

Zach Carter

Bank Of America Meeting Gets Protestors Warmed Up For Democratic National Convention | Zach Carter | Posted 05.09.2012 | Politics

Dozens of good-government groups, Occupy Wall Street contingents, environmental activists, struggling homeowners and institutional investors are desce...

Zach Carter

Progressive Rep. Compares GOP To Keating Five | Zach Carter | Posted 04.27.2012 | Politics

WASHINGTON -- Rep. Brad Miller (D-N.C.) blasted congressional Republicans on Thursday, including fellow North Carolinian Rep. Patrick McHenry, compari...

Zach Carter

Bank Of America Sues Itself | Zach Carter | Posted 04.10.2012 | Business

WASHINGTON -- Bank of America is suing itself for foreclosure. "It's crazy," housing data analyst Michael Olenick told HuffPost. "They shouldn't b...

President Obama Needs to Get Serious About the Financial Crimes Unit

Becky Bond | Posted 06.09.2012 | Politics
Becky Bond

President Obama needs to give the Department of Justice task force the resources required to launch a serious investigation that will bring about real accountability before the statutes of limitations run out for Wall Street's crimes.

Bruce Springsteen & Wall Street's Wrecking Ball: A Contract With America

Monika Mitchell | Posted 05.30.2012 | Business
Monika Mitchell

Watergate made a mockery of American justice revealing a corruption so deep and pervasive that it "almost had the country brought down by it." For Springsteen and America, the financial crisis has exposed the same.

Zach Carter

Foreclosure Activist Says $18 Million Doesn't Make Up For Homeowners' Harms | Zach Carter | Posted 03.20.2012 | Business

The last four years have not been easy for Lynn Szymoniak. Since early 2008, she has waged a seemingly endless series of legal battles against some of...

Today's Most Important Finance Story: Lan T. Pham, Ph.D., Told the CBO the Truth About Mortgage "Securities" and Was Fired for It

Janet Tavakoli | Posted 05.16.2012 | Business
Janet Tavakoli

This knowledge isn't unique or new. What is new is that Dr. Pham brought this forward to the CBO and apparently this information is being suppressed and denied by the CBO and in congressional reports.

She Was In Foreclosure, But Now She's Got $18 Million

The Huffington Post | Alexander Eichler | Posted 03.15.2012 | Business

Look closely at the paperwork if you ever get foreclosed on. It could pay off. That's what Lynn Szymoniak learned when her bank foreclosed on her P...