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Robo Signing

Is the Robo-Mortgage Scandal the Back-End of Tax Evasion and Fraud?

Bruce Judson | Posted 04.07.2012 | Business
Bruce Judson

The terms for the settlement of the robo-mortgage scandal and the states participating in the settlement are expected to be resolved soon. Unfortunat...

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

2008 Mortgage Deal Shows How Not To Structure Current Settlement | Loren Berlin | Posted 02.04.2012 | Business

As states gear up to finalize a national mortgage servicing settlement, some are looking to avoid the painful lessons of a 2008 mortgage deal that fai...

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...

Seven Questions Begging to Be Answered Before a Foreclosure Settlement Is Reached

Bruce Judson | Posted 04.03.2012 | Business
Bruce Judson

Tomorrow is the deadline for state attorneys general to sign on to a joint federal and multi-state $25 billion settlement of the robo-mortgage scandal...

Attorneys General: It's Time to Close the Deal

Janis Bowdler | Posted 04.03.2012 | Latino Voices
Janis Bowdler

It is time to deliver the first installment of relief for homeowners that have not a moment to lose.

Loren Berlin

As Mortgage Settlement Deal Nears Feb. 3 Deadline, Nevada AG Raises Important Concerns | Loren Berlin | Posted 01.30.2012 | Business

As the Obama administration, state attorneys general and the nation's biggest banks close in on a settlement over allegations of widespread mortgage f...

Sam Stein

Obama Administration And Banks Near Deal On Mortgage Fraud Legal Liability | Sam Stein | Posted 01.28.2012 | Politics

WASHINGTON -- The Obama administration, state attorneys general, and, perhaps, the nation's largest banks are close to a final settlement on the years...

Foreclosures Making Up Smaller Slice Of Total U.S. Homes Sold

AP | By ALEX VEIGA | Posted 03.27.2012 | Business

LOS ANGELES -- Foreclosures made up a smaller slice of all U.S. homes sold in last year's third quarter, as banks delayed placing properties for sale ...

Mitt Romney's State of the Union Challenge on the Mortgage Crisis

Eliot Spitzer | Posted 03.25.2012 | Business
Eliot Spitzer

A few days ago, Mitt Romney pointed out that the banks are carrying debt on their books at inflated values. When was the last serious politician to make that point, openly? His comments were refreshingly honest about our housing and banking situation and the need for a debt write-down.

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" ...

Bad Bankers, Bad Fraud Deals, and the President's 'Great Gatsby' Problem

Richard (RJ) Eskow | Posted 03.20.2012 | Politics
Richard (RJ) Eskow

Bankers are today's Jay Gatsbys. They're shady figures who have adopted a veneer of respectability, yet remain relentlessly, ruthlessly, and sometimes illegally self-interested.

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...

Katy Perry Downloads And Stolen Cars: Putting The Foreclosure Mess In Perspective

The Huffington Post | Harry Bradford | Posted 01.18.2012 | Business

How rotten is the state of the U.S. housing market? A foreclosed home for every single person currently living in Denmark still wouldn't exceed the nu...

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 ...

2012: For Banks, The Year Of Fear And Litigation, And A Chance For Peace

Ray Brescia | Posted 03.12.2012 | Business
Ray Brescia

In order to restart the housing and mortgage finance sectors, and reduce the legal cloud hanging over the banks, a simple solution exists: the meaningful modification of underwater mortgages.

Foreclosures Taking Nearly Three Times As Long To Process As In 2007

The Huffington Post | Alexander Eichler | Posted 12.28.2011 | Business

If the American housing market is ever to recover -- and provide some momentum to a broader economic turnaround -- it needs to work its way through th...

Millionaires Buy Eight-Figure Properties While Foreclosures Hit Nation Hard

The Huffington Post | Alexander Eichler | Posted 12.22.2011 | Business

If you want an example of how one percenters differ from everyone else, look no further than the housing market. In a year when a pipeline of forec...

Mortgage Delinquency Rates Expected To Plunge Next Year

AP | EILEEN AJ CONNELLY | Posted 02.06.2012 | Business

NEW YORK — If the U.S. economy does not suffer more setbacks, the rate of mortgage holders behind on their payments should decline significantly...

New York AG Launches Probe Into Foreclosures On Active-Duty Military Members

Posted 11.30.2011 | Business

New York Attorney General Eric Schneiderman is launching an investigation into possibly illegal foreclosures on homes owned by members of the military...

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...

Arthur Delaney

First Criminal Charges Filed Over Robo-Signing | Arthur Delaney | Posted 11.17.2011 | Business

The Nevada attorney general has indicted two midlevel staffers at a mortgage document company, Lender Processing Services, on a whopping 606 counts of...

Socially-Conscious Banking: End to Foreclosures & Occupy Your Home

Mitchell J. Rabin | Posted 01.23.2014 | Business
Mitchell J. Rabin

Remove foreclosure as an outcome of non-payment and an entirely fresh vision of borrower-lender relationship is put in place, now as cooperating partners, as in a business deal, because that's really what it is.

Restoring Capitalism: How to Prevent a Housing Recovery -- Accept a 46-State Robo-Mortgage Fraud Settlement

Bruce Judson | Posted 01.09.2012 | Business
Bruce Judson

The reported outlines of the proposed settlement of the robo-mortgage scandal by 46 state attorneys general working together shows how far we have diverged from the basic principles of egalitarian capitalism.

Nevada Foreclosure Filings Drop After Anti-Fraud Law Takes Effect

The Huffington Post | Alexander Eichler | Posted 01.08.2012 | Business

Foreclosure filings have fallen off sharply in Nevada, just one month after a state law designed to cut down on foreclosure fraud took effect. Neva...