Robo Signing

It was almost four years ago that Ben Bernanke, Henry Paul Paulson, and Timothy Geithner ran to Congress warning that the end of the world was near. They said the banks were drowning in bad debt and without a massive bailout they would soon be forced into bankruptcy. Congress quickly coughed up the money in the form of $700 billion in TARP loans. The Fed contributed trillions more. Undoubtedly most of the bad debt was due to stupidity, which does not seem to be in short supply on Wall Street despite the high paychecks. But there was more than just stupidity involved here. There was an epidemic of mortgage fraud that was identified by the FBI as early as 2004. And yet, in its first three years, the Obama administration did almost nothing to investigate criminal practices that contributed to the bubble and the subsequent meltdown.

We believe protest at the Bank of America meeting this year is not just normal -- it's the only response that makes sense. We don't want to protest Bank of America's shareholder meeting, but we have to, to protect our country from more unchecked corporate greed and abuse.

The economic crisis began with the housing crisis, and it will only end when the housing crisis also ends. Unfortunately, the evidence suggests that the Obama administration and Congress have never actually understood this connection.

A corporation that knowingly breaks the law will find ways to profit through illegal means that are not available to competitors. As a consequence, the competitive playing field is biased toward the company that does not need to follow the rules.

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

WASHINGTON — The federal government proposed new rules on Tuesday that will give homeowners more ways to avoid foreclosure and get an accurate a...

Lynn Szymoniak may have just won $18 million for uncovering massive, systemic foreclosure fraud. But that doesn't mean her troubles are over. Szymo...

Allegations about the culture at Goldman Sachs are just the most recent of a stream of embarrassing revelations about bank practices to have come to light in recent years.

My seven day plan is based on a simple premise: When criminal laws are egregiously violated, the guilty parties should face appropriate punishment.

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.

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...

A new report documents widespread abusive practices at the biggest banks. It shows the potentially illegal activities were not only known by top management, but also encouraged by management.

The five banks that agreed to a $25 billion settlement to resolve fraudulent foreclosure claims consistently hindered a government watchdog's investig...

Apparently robo-signing might not be a practice reserved solely for the foreclosure crisis. West Virgnia's attorney general is suing two units of ...

You'd think that if debt collectors were suing you, they'd want to make a big deal out of it, right? Wrong: Their preferred method of delivery was a plain, first-class letter. Why? Because the mere fact of mailing was considered proper notice.

Top law enforcement officials in several states are signaling they will pressure Fannie Mae and Freddie Mac to correct what is widely seen as one of t...

Banks agreed to change their behavior as part of the robo-mortgage settlement announced last week. The announcement, however, left open critical quest...

The robo-signing settlement is the latest -- and potentially the largest -- piece in the U.S. housing policy puzzle. Even though it's partly punishment for banks' wrongdoing, it is also another answer by the government to the question of how it can help the housing market.

By Tim Reid and Aruna Viswanatha Feb 9 (Reuters) - California Attorney General Kamala Harris, a veteran prosecutor with acute politica...

As part of the $25 billion mortgage fraud settlement announced Thursday, five of the biggest U.S. banks promised to end practices that have led to bot...