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Foreclosure Fraud

Shahien Nasiripour

SHAHIEN NASIRIPOUR Citigroup Says It Didn't Use 'Robo-Signers,' Still Faces Increased Risk Due to Sour Mortgages | Shahien Nasiripour | Posted 05.25.2011 | Business

Top Citigroup executives sought to assure investors and the public Monday that the firm's foreclosure process and its handling of key documents in sec...

Foreclosures and Guilt: The "Home Loan Moral Hazard Scorecard"

Richard (RJ) Eskow | Posted 05.25.2011 | Business
Richard (RJ) Eskow

The mega-bankers who derailed the economy have a new PR campaign to sell you. They're saying that families who can't pay their mortgages must bear the blame -- all the blame -- for the foreclosure crisis.

Foreclosure Fraud Shows the Need to Take On the Special Interests

Mike Lux | Posted 05.25.2011 | Business
Mike Lux

Once again, in keeping with the pattern, the foreclosure fraud crisis is being met by all Democrats doing the right thing, and not a single Republican lifting a finger to help.

Foreclosure Fraud Is the Tip of the Iceberg

Gordon Whitman | Posted 05.25.2011 | Politics
Gordon Whitman

One year ago, homeowners from California, Missouri and Massachusetts marched into the U.S. Treasury and handed officials a foot-high stack of documents from 150 families trying to save their homes.

Shahien Nasiripour

Foreclosure Fraud: Megabanks At Risk As Analyst Identifies New Problems With Mortgages | Shahien Nasiripour | Posted 05.25.2011 | Business

Pension funds and other investors who have suffered losses on mortgage-backed securities could have a "strong legal basis" to call into question the v...

Meet Banks' 'Robo-Signers': 'Foreclosure Experts' Were Hair Stylists, Teens, Walmart Workers

Posted 05.25.2011 | Business

NEW YORK (AP, Michelle Conlin) -- In an effort to rush through thousands of home foreclosures since 2007, financial institutions and their mortgage se...

The Subprime Swindle and the Foreclosure Fraud Cover-Up

Zach Carter | Posted 05.25.2011 | Business
Zach Carter

Fraud in the foreclosure process conceals a second, more massive fraud: the astonishing levels of mortgage fraud perpetrated by subprime lenders during the housing bubble.

Shahien Nasiripour

Every State To Participate In Massive Investigation Into Possibly 'Deceptive' Foreclosure Practices | Shahien Nasiripour | Posted 05.25.2011 | Business

This story was updated at 6:00 p.m. ET. Regulators from all 50 states are launching a coordinated investigation into possibly "deceptive" and "unfair...

The First Domino: Foreclosure Fraud and the 'Invisible Bailout'

Richard (RJ) Eskow | Posted 05.25.2011 | Business
Richard (RJ) Eskow

Foreclosure fraud is one domino, and if it falls, the result could be an end to the "invisible bailout" -- the one you never hear about, that forces millions of people to subsidize bad lending practices to prop up Wall Street.

Weekly Audit: Will Obama Save Homeowners From Wall Street's Latest Fraud Scheme?

The Media Consortium | Posted 05.25.2011 | Business
The Media Consortium

by Zach Carter, Media Consortium blogger A massive foreclosure fraud scandal is rocking the U.S. mortgage market. Wall Street banks and their lawyer...

Axelrod Is Wrong: Obama Must Protect American Families From Wall Street Fraud

Zach Carter | Posted 05.25.2011 | Business
Zach Carter

If senior White House adviser David Axelrod's comments this weekend are any indication, the Obama administration is woefully misreading the foreclosure fraud crisis currently gripping the U.S. economy.

Foreclosure Freeze Could Prolong Housing Slump For Years

Posted 05.25.2011 | Business

NEW YORK (By MICHELLE CONLIN, AP) -- Karl Case, the co-creator of a widely watched housing market index, was upbeat three weeks ago. Mulling the econo...

Foreclosure Fraud Inquiry Planned By Up To 40 States

AP | ALAN ZIBEL | Posted 05.25.2011 | Business

WASHINGTON — The attorneys general of up to 40 states plan to announce soon a joint investigation into banks' use of flawed foreclosure paperwor...

Obama Must Reject The Foreclosure Fraud Bailout

Zach Carter | Posted 05.25.2011 | Business
Zach Carter

UPDATE: President Obama vetoed the foreclosure fraud bailout this afternoon, but plenty of other battles are already raging. Rep. Alan Grayson, D-Fla....

Little-Noticed Bill Could Make It Harder To Challenge Foreclosures

The Huffington Post | William Alden | Posted 05.25.2011 | Business

UPDATE: An Obama administration official tells HuffPost that the White House has 'concerns' about the bill. Challenging foreclosures could become mor...

Ohio Attorney General Sues Ally Financial Over Alleged Foreclosure Fraud, First In A Possible Wave Of Lawsuits

AP | ALAN ZIBEL and ANN SANNER | Posted 05.25.2011 | Business

WASHINGTON — Ohio's attorney general is suing Ally Financial Inc. and its GMAC Mortgage division, alleging the company violated state fraud laws...

Arthur Delaney

Foreclosure Paperwork Scandal 'Same Process' That Fed The Housing Bubble | Arthur Delaney | Posted 05.25.2011 | Business

The paperwork scandal that has prompted several banks to halt evictions and review their foreclosure procedures is reminiscent of the predatory lendin...