Goldman Sells Mortgage Unit, Takes Some Heat From Regulators
NEW YORK -- On Thursday, Goldman Sachs gained the government's blessing to sell off its mortgage unit, but not without a couple of reprimands. The ...
NEW YORK -- On Thursday, Goldman Sachs gained the government's blessing to sell off its mortgage unit, but not without a couple of reprimands. The ...
HuffingtonPost.com | William Alden | Posted 08.06.2011
Even the geniuses at Goldman Sachs have decided the retail mortgage business is more trouble than it's worth. The firm agreed to sell its mortgage ...
Richard Zombeck | Posted 05.25.2011
The media has finally started covering the foreclosure fiasco. But while some see it as the beginning of a long string of investigative reporting, the rest of us know that it was only a matter of time before the next distraction.
Richard Zombeck | Posted 05.25.2011
Massachusetts is once again leading the pack in protecting consumers by passing legislation to protect families from getting thrown out of their homes.
Richard Zombeck | Posted 05.25.2011
According to a recent article in HuffPo by Shahien Nasiripour, "Treasury claims that Fannie Mae, which administers its Home Affordable Modification Pr...
Richard Zombeck | Posted 05.25.2011
Part of the deal when taxpayers forked over nearly a trillion dollars to bail out the banks for their own stupidity and recklessness was that they would make things right. Instead, they've been allowed to continue to pillage with impunity.
Richard Zombeck | Posted 05.25.2011
In an effort to squash the administration's proposed plans for home loan modification, the banking and mortgage industry recently sent Chase Home Lending CEO, David Lowman, to Congress.
Richard Zombeck | Posted 05.25.2011
Based on the past dismal failures of mortgage-related rescue plans proposed by current and past administrations, it's difficult to believe that the latest set of plans will be any more successful.
Richard Zombeck | Posted 05.25.2011
Dead Peasant Policies are life insurance policies a company takes out on its employees in order to collect the payoff if and when the employee dies... The concept of peasants isn't foreign or new to me...
Richard Zombeck | Posted 05.25.2011
My wife and I have been involved in negotiations with our loan servicer for over a year now. It seems that the deck, as Arianna points out, is most certainly stacked against us
Richard Zombeck | Posted 05.25.2011
[Chase] jacked our interest rates to 29 percent across the board. When I called to ask why the interest had been raised, Josh at Chase told me, "Because we can." So, I stopped paying. Because I can.
HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011
Nearly half of the permanent home loan modifications under the government's plan to help troubled borrowers come from a single company that handles le...
Richard Zombeck | Posted 05.25.2011
Treasury wants to shame banks into treating customers fairly. But it's a curious approach to reforming an industry that apparently has no shame to begin with.
ProPublica | Posted 05.25.2011
Judges have found that major mortgages servicers regularly mess up basic accounting, improperly credit payments and charge unwarranted fees.
Huffington Post | Margo Irvin | Posted 05.25.2011
The $75 billion "homeowners' bailout" may only delay the inevitable for many who currently face foreclosure.
HuffingtonPost.com | William Alden | Posted 11.01.2011