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Why Your Student Loan Debt Might be Bogus and Uncollectable

Steve Rhode | Posted 06.04.2016 | Business
Steve Rhode

Over the past decade we've seen a number of scandals floating around debt ownership and robosigning. That's the process where creditors swear they are the real owners of a particular debt but can't actually produce the proof when pushed to.

Big Banks Say They've Done Their Part To Help Troubled Borrowers

Posted 05.22.2013 | Business

Bank of America and JPMorgan Chase say they’ve fulfilled their obligations to troubled borrowers mandated by a settlement the banks agreed to last y...

Ben Hallman

California Lawmakers Say Housing Group Cares More About Banks Than Homeowners | Ben Hallman | Posted 05.30.2012 | Business

The Federal Housing Finance Agency is well on its way to a remarkable achievement: proving less popular, among housing groups, than even the banks who...

Zach Carter

Bank Of America Sues Itself | Zach Carter | Posted 04.10.2012 | Business

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

Ben Hallman

Housing Secretary To Underwater Americans: There's Help For You | Ben Hallman | Posted 03.06.2012 | Business

For every borrower in immediate danger of losing a home to foreclosure, there are at least two more like Renita "Kay" Butler, who is current on her lo...

Ben Hallman

Housing Regulator Won't Heed President Obama On Foreclosure Fix | Ben Hallman | Posted 02.28.2012 | Business

High-level efforts to convince federal housing regulator Edward DeMarco to support a foreclosure prevention technique championed by the Obama administ...

Loren Berlin

Mortgage Fraud: Local Officials Step Up To Uncover Document Fraud | Loren Berlin | Posted 02.18.2012 | Business

In the absence of state and federal research about how the nation's largest mortgage companies are forging mortgage documents and wrongfully foreclosi...

America Is Stock Full Of Illegal Foreclosures

Reuters | Posted 04.17.2012 | Business

* Report found 84 pct of San Francisco disclosures illegal * High levels found across the country, experts say By Tim Re...

Bonnie Kavoussi

Pressure Mounts On Mortgage Giants To Pursue Principal Reductions | Bonnie Kavoussi | Posted 02.13.2012 | Business

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...

Loren Berlin

National Mortgage Settlement All But Inevitable As California, New York Join Deal | Loren Berlin | Posted 02.09.2012 | Business

A settlement between the nation's largest banks and the government over allegations of widespread mortgage fraud could come as early as Thursday, capp...

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...

Loren Berlin

Does Mortgage Settlement Go Far Enough To Jolt Housing Market? | Loren Berlin | Posted 01.24.2012 | Business

In Tuesday night's State of the Union address, President Barack Obama is expected to tout a settlement between states' attorneys general and five of t...

Loren Berlin

States Weigh Two Possible Deals To Address Wrongful Foreclosures | Loren Berlin | Posted 01.19.2012 | Business

As the national settlement talks to resolve mortgage companies' wrongful foreclosures inch towards a conclusion, the size of the deal hinges on Califo...

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 ...

Loren Berlin

Western Strike: California, Nevada Team Up To Prosecute Mortgage Fraud | Loren Berlin | Posted 12.07.2011 | Business

California and Nevada's attorneys general announced Tuesday in a press conference that they are teaming up to prosecute mortgage fraud in their respec...

Alan Greenspan, Animal House and the Scandal That Never Ends

Michael W. Hudson | Posted 05.25.2011 | Business
Michael W. Hudson

As I've tried to make sense of the Robo-Signing, Document-Backdating Foreclosure Scandal That Never Ends, a couple of things have popped in my head: Animal House and Alan Greenspan. Stay with me here.