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Robo Signers

Are Banking Reparations Justified?

D. Sidney Potter | Posted 06.08.2012 | Business
D. Sidney Potter

I love the smell of "banker repentance" in the morning. Case in point: One of the multi-billion-dollar settlements that's in the pipeline and simmerin...

Stories From the Frontline: Don't Drink the Yellow Kool-Aid

D. Sidney Potter | Posted 06.19.2012 | Business
D. Sidney Potter

The banks' almost near-inability to properly staff qualified personnel was a part of the comedy of errors. As an example, some of it was lost in translation -- literally.

Stories From the Frontline: Please Tell Me I'm in Kansas

D. Sidney Potter | Posted 06.18.2012 | Business
D. Sidney Potter

Just who were and are these silent saviors of America's housing universe? Who rectified those mortgage broken consumers and tried to make them whole again?

Stories From the Frontline: Why Is Mortgage Aid, Hater-Aid?

D. Sidney Potter | Posted 06.16.2012 | Business
D. Sidney Potter

Why is the banking industry -- for the most part, since I personally detest over generalizations, resistant to essentially doing the right thing and/or at least doing it in a timely matter?

Stories From the Frontline: Robo Signers vs. The Silent Enemy

D. Sidney Potter | Posted 06.10.2012 | Business
D. Sidney Potter

As a former 1 percent member who got his backside kicked in the real estate "boom and bust" over the last decade, I'm officially a 99 percent member (misery loves company) -- and it's with unique privilege that I can report stories from the frontline.

Loren Berlin

Frustrated Attorneys General Hold Secret Meetings On Foreclosures | Loren Berlin | Posted 01.13.2012 | Business

Attorneys general or representatives from nearly 15 states met in Washington, D.C., on Tuesday to discuss and share different enforcement options and ...

Notary Who Blew Whistle On Massive Foreclosure Fraud Found Dead

The Huffington Post | Posted 07.29.2013 | Business

Tracy Lawrence, the notary public who blew the whistle on a massive foreclosure fraud scheme, was found dead in her Las Vegas home on Nov. 28, MSNBC r...

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.

Banks Continuing Dubious 'Robo-Signing' Foreclosure Practices: Investigation

Posted 09.17.2011 | Business

This post has been updated. NEW YORK/IMMOKALEE (Scot J. Paltrow) - America's leading mortgage lenders vowed in March to end the dubious forecl...

In Fine Print, Banks Require Struggling Homeowners To Waive Rights

ProPublica | Paul Kiel | Posted 07.09.2011 | Business

A few months ago, Bank of America offered Sergio Cortez of Staten Island, N.Y., the help he desperately needed to stay in his home: a break on his mor...

On Principal Writedowns and Moral Hazard: Do We Want to Put Out the Fire or Not?

Dory Rand | Posted 06.19.2011 | Business
Dory Rand

We don't condemn bed-smokers to suffer the consequences of their risky behavior because the fire can spread. If we want to stop the spread of strategic defaults, principal writedowns are the most effective option.

WATCH: 60 Minutes' Devastating Look At The Mortgage Crisis

The Huffington Post | William Alden | Posted 06.04.2011 | Business

The mortgage crisis is far from over. 60 Minutes takes a new look at the state of the foreclosure crisis, interviewing homeowners, a regulator and s...

New York's U.S. Bankruptcy Court Rules MERS's Business Model Is Illegal

L. Randall Wray | Posted 05.25.2011 | Business
L. Randall Wray

As I predicted two weeks ago, MERS would be dead within weeks. Judge Grossman has driven the final stake through its black heart.

Robo-Signer Goes On The Attack, Threatens Foreclosure Defense Lawyers

St. Petersburg Times | Posted 05.25.2011 | Business

Nationwide Title Clearing, a Palm Harbor company at the center of the nation's robo-signing controversy, is going on the offensive against its critics...

Setting the Record Straight on "Fixing Foreclosure-Gate"

Jason Gold | Posted 05.25.2011 | Politics
Jason Gold

I have respect for those who work hard every day in sorting out policy problems. Given these stakes, the debate should be a fair one that debates proposals on their merits, not on faulty assumptions.

More Judges Halting Foreclosure Proceedings In Fraud Search

The Huffington Post | Yepoka Yeebo | Posted 05.25.2011 | Business

Three Ohio judges are forcing lawyers to double-check foreclosure documents. Judges in Franklin County, Ohio, are making lawyers verify documents f...

Groups Say Iowa AG Retreats From Promise To Be Tough On Robo-Sign Banks

The Huffington Post | Yepoka Yeebo | Posted 05.25.2011 | Business

This post has been updated The attorney general leading the investigation into "robo-signing" mortgage companies may be backtracking on promises to h...

The Latest Foreclosure Scandal: Default Notices

American Banker | Kate Berry | Posted 05.25.2011 | Business

Last year's robo-signing scandals delayed tens of thousands of foreclosures in the 23 states where the process is handled in court. A new controversy ...

Banks Are Escaping Big Foreclosure Class Action Lawsuits

Posted 05.25.2011 | Business

SAN FRANCISCO (By Dan Levine) - Lenders snarled in the legal thicket over shoddy U.S. foreclosure procedures have so far avoided national class action...

'Robo-Signing' Not Limited To Foreclosure Paperwork | DAVID SEGAL | Posted 05.25.2011 | Business

Banks have been under siege in recent weeks for widespread corner-cutting in the rush to process delinquent mortgages. The accusations have stirred ou...

New Consumer Agency Is Frightfully Necessary -- And Late

Sen. Elizabeth Warren | Posted 05.25.2011 | Business
Sen. Elizabeth Warren

Haphazard and possibly illegal practices at mortgage-servicing companies have called into question home foreclosures across the nation. The latest disclosures are deeply troubling.

Most States Bypass Judges In Foreclosure Process

Bloomberg | Margaret Cronin Fisk | Posted 05.25.2011 | Business

Two years before dementia forced her to move into a nursing care facility, Dorothy Halstien obtained a $73,000 loan from Washington Mutual Inc. secure...

Robo-Sign Scandal Gives State Attorneys General Opportunity to Move Towards a Resolution of the Foreclosure Crisis.

Ray Brescia | Posted 05.25.2011 | Business
Ray Brescia

The robo-sign scandal gives states an opening, and the leverage, to enact consumer protection laws to make progress on the foreclosure crisis.

Wells Fargo 'Robo Signers' Apparently Used In Foreclosures

The Blotter | Posted 05.25.2011 | Business

With one out of every 245 Minnesota housing units in foreclosure during September, news has broken that Wells Fargo, along with other big banks, may h...

The Fed's New Foreclosure Predator Bailout

Zach Carter | Posted 05.25.2011 | Business
Zach Carter

As if the last decade of abuse wasn't bad enough, banks are again mobilizing to screw borrowers in the pursuit of bonuses. And once again, it appears the Fed has become an accomplice to this nationwide mortgage scam.