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Mortgage Fraud

How One Official's Big Bet Paid Off

The New York Times | SHAILA DEWAN | Posted 02.14.2012 | Business

LOS ANGELES -- Kamala D. Harris, the attorney general of California, could have derailed a nationwide settlement with big banks over home foreclosure ...

On the Mortgage Settlement: There Is No Political Solution to a Math Problem

Dylan Ratigan | Posted 04.11.2012 | Business
Dylan Ratigan

We need to look at our banking and housing system and engage in a ruthless yet compassionate evaluation of whether it is working to solve our national needs. Serious thinkers in both parties recognize that it isn't.

Catherine New

Who Does And Does Not Qualify For A Piece Of The $25 Billion Mortgage Settlement | Catherine New | Posted 02.09.2012 | Business

The government's $25 billion settlement with five of the nation's largest banks could help up to one million homeowners. About $21.5 billion is earmar...

Loren Berlin

Holdout States Massachusetts, New York, California, Delaware Reveal Their Share Of Foreclosure Deal | Loren Berlin | Posted 02.09.2012 | Business

The five states that most actively resisted a settlement with banks over charges of widespread mortgage fraud announced their cut of the nationwide de...

Robo-Signing Bank Settlement Is a Criminal Sell Out

Dennis M. Kelleher | Posted 04.10.2012 | Business
Dennis M. Kelleher

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.

The Long War

Mike Lux | Posted 04.10.2012 | Business
Mike Lux

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.

Loren Berlin

Banks Fear Mortgage Settlement Doesn't Protect Against Future Fraud Charges | Loren Berlin | Posted 02.07.2012 | Business

Executives at some of the nation's largest banks could be slowing down the national settlement over allegations of widespread mortgage fraud, concerne...

Showdown for the Banks, Showtime for Obama

Robert Kuttner | Posted 04.06.2012 | Business
Robert Kuttner

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.

Loren Berlin

New York AG Takes A Strike At Major U.S. Banks | Loren Berlin | Posted 04.04.2012 | Business

Three big banks were hit on Friday with yet another lawsuit related to wrongful foreclosures. Democratic New York Attorney General Eric Schneiderman f...

Loren Berlin

Neediest Homeowners May Not Get Help Under Proposed Mortgage Deal | Loren Berlin | Posted 04.03.2012 | Business

Mortgage lenders would receive greater credit for lowering payments on loans for troubled homeowners who have more equity in their properties than for...

30 Rock Star Refuses To Help Mother Avoid Foreclosure

The Huffington Post | Harry Bradford | Posted 01.31.2012 | Business

Between a homophobic rant on stage and his hospitalization at Sundance Film Festival, Tracy Morgan hasn't gotten the best press lately. And claims tha...

John Rudolf

Disgraced Mortgage Broker Pleads Guilty in Murder-For-Hire Plot | John Rudolf | Posted 01.23.2012 | Crime

NEW YORK -- A disgraced broker already in prison for engineering a $100 million mortgage fraud pleaded guilty Monday to orchestrating a murder-for-hir...

Hells Angels Ex-President Sentenced Over Mortgage Fraud

The Huffington Post | Harry Bradford | Posted 01.20.2012 | Business

It's not just banks and lenders that can be accused of mortgage fraud. The former president of the Hells Angels Sonoma Chapter, Raymond "Ray Ray" ...

JPMorgan Chase Accused Of Fabricating Paperwork, Imposing Extra Costs On Borrowers

The Huffington Post | Alexander Eichler | Posted 01.19.2012 | Business

In a case that suggests the financial crisis far from marked the end of big bank misconduct, JPMorgan Chase is facing a potential class action lawsuit...

Ex-Hells Angel Sent To Prison For Mortgage Fraud | By Bay City News | Posted 01.19.2012 | San Francisco

A former president of the Sonoma County Hells Angels Motorcycle Club has been sentenced in federal court in San Francisco to five years and 10 months ...

Loren Berlin

Government's 'Good News' For Defrauded Homeowners Questioned | Loren Berlin | Posted 01.04.2012 | Business

"If you faced foreclosure in 2009 or 2010, the government may have good news for you," reads new advertisements released by the federal government on ...

Foreclosure Fraud Costing These States The Most

The Huffington Post | Harry Bradford | Posted 12.15.2011 | Business

Millions of Americans have been forced out of their homes in the wake of the housing collapse, and from that has come allegation after allegation of f...

Loren Berlin

Foreclosure Settlement Awaits California's Next Move | Loren Berlin | Posted 11.23.2011 | Business

As state attorneys general continue to pursue a national settlement with mortgage companies to resolve claims of improper handling of foreclosure proc...

The Emperor Has No Clothes

Ted Kaufman | Posted 01.02.2012 | Politics
Ted Kaufman

If we look back on the Fall of 2011 a few years from now, I suspect we may trace the beginnings of real reform from two events that occurred last week with little fanfare.

Too Big to Jail

Glenn Greenwald | Posted 12.25.2011 | Books
Glenn Greenwald

In protecting Wall Street after the 2008 crash, the executive branch violated its core constitutional duty. It is now clear that there are virtually no limits on the magnitude of the crimes that the nation's most powerful private actors can commit with impunity.

A Fire Sale for Arsonists: The "Revised" Bank Mortgage Settlement Still Stinks

Richard (RJ) Eskow | Posted 12.24.2011 | Business
Richard (RJ) Eskow

Here are four reasons why California Attorney General Kamala Harris and her colleagues must reject this proposal.

Judicial Duplicity: It's Worth Protesting

Michael Santos | Posted 12.24.2011 | Crime
Michael Santos

Citibank admitted to selling mortgage bonds under fraudulent pretenses, but the government goes easy on the mighty banks of Wall Street.

Foreclosure Crisis Lessons Not Yet Learned

Neil Barofsky | Posted 12.05.2011 | Business
Neil Barofsky

When I stepped down as the Special Inspector General for TARP at the end of March, I warned that HAMP was falling far short of its stated goals and even further short of meeting the urgent needs of American homeowners. Unfortunately, there has been little improvement since then.

Motorcycle Gang Leaders Charged With Multi-Million Dollar Mortgage Fraud

Aaron Sankin | Posted 11.28.2011 | San Francisco

When the Hells Angels cultivate their infamous outlaw image, mortgage fraud is usually not the type of law-breaking that comes to mind. A federal g...

Lawyer: Deloitte 'Certainly Did Not Do Their Job' Detecting Mortgage Fraud

AP | By CURT ANDERSON | Posted 11.27.2011 | Business

MIAMI -- A pair of lawsuits filed Monday claim that Deloitte & Touche LLP, one of the nation's largest accounting firms, should pay $7.6 billion in da...