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Foreclosure Fraud

Economic Weapons of Mass Destruction: Mortgages in the Era of Mass Terror

Laura Gottesdiener | Posted 05.07.2013 | Business
Laura Gottesdiener

Since 2007, Wall Street has evicted four million families -- approximately ten million people -- from their homes. Millions more are ensnared in ongoing foreclosures.

OCC Ya! The Government Agency That Should Fine Itself

Adam Levin | Posted 04.19.2013 | Business
Adam Levin

Let's face it. The biggest bank regulator in the U.S. is an abject failure. Worse, it's costing us oodles of money, and not just from bounced checks.

Eleazar David Melendez

Bankers Who Made Millions In Housing Boom Misled Investors: Study

HuffingtonPost.com | Eleazar David Melendez | Posted 02.13.2013 | Business

Bankers who made billions of dollars packaging home loans into bonds during the prime years of the housing boom provided false information to investor...

Bankrupt Town's Mayor Committed Massive Foreclosure Fraud

Reuters | Posted 11.19.2012 | Business

* US prosecutors to recommend prison for mayor, backer * City saw 156 foreclosures in 2008 * Central Falls filed for ban...

How the Big Banks Lost and Homeowners Won in California

Rick Jacobs | Posted 09.02.2012 | Business
Rick Jacobs

Bills that looked very much like the Homeowner Bill of Rights had been introduced for four years. They died in committee or on the floor at various times, until now. The difference?

California Lawmakers Approve Foreclosure-Protection Law

Reuters | Posted 09.01.2012 | Business

SAN FRANCISCO, July 2 (Reuters) - California legislators on Monday approved a sweeping bill aimed at stopping abusive practices by mortgage lenders ...

Zach Carter

Foreclosure Activist's Bank Can't Tell Her How Much She Owes

HuffingtonPost.com | Zach Carter | Posted 06.11.2012 | Politics

PROVIDENCE, R.I. -- Lynn Szymoniak's four-year foreclosure nightmare is finally over -- but the high-profile activist and attorney said she couldn't f...

Zach Carter

Obama Foreclosure Program Criticized By Expert Panel

HuffingtonPost.com | Zach Carter | Posted 06.08.2012 | Politics

PROVIDENCE, R.I. -- Former Wall Street bailout watchdog Neil Barofsky blasted the banking industry on Friday for inflicting a litany of abuses on Amer...

Protests Begin At Bank of America Shareholder Meeting

Posted 05.09.2012 | Politics

Activists from Occupy Wall Street, the environmental movement and labor unions, along with victims of home foreclosures, have begun massive demonstrat...

Zach Carter

Bank Of America Meeting Gets Protestors Warmed Up For Democratic National Convention

HuffingtonPost.com | Zach Carter | Posted 05.09.2012 | Politics

Dozens of good-government groups, Occupy Wall Street contingents, environmental activists, struggling homeowners and institutional investors are desce...

Zach Carter

Progressive Rep. Compares GOP To Keating Five

HuffingtonPost.com | Zach Carter | Posted 04.27.2012 | Politics

WASHINGTON -- Rep. Brad Miller (D-N.C.) blasted congressional Republicans on Thursday, including fellow North Carolinian Rep. Patrick McHenry, compari...

Zach Carter

Bank Of America Sues Itself

HuffingtonPost.com | 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...

President Obama Needs to Get Serious About the Financial Crimes Unit

Becky Bond | Posted 06.09.2012 | Politics
Becky Bond

President Obama needs to give the Department of Justice task force the resources required to launch a serious investigation that will bring about real accountability before the statutes of limitations run out for Wall Street's crimes.

Bruce Springsteen & Wall Street's Wrecking Ball: A Contract With America

Monika Mitchell | Posted 05.30.2012 | Business
Monika Mitchell

Watergate made a mockery of American justice revealing a corruption so deep and pervasive that it "almost had the country brought down by it." For Springsteen and America, the financial crisis has exposed the same.

Zach Carter

Foreclosure Activist Says $18 Million Doesn't Make Up For Homeowners' Harms

HuffingtonPost.com | Zach Carter | Posted 03.20.2012 | Business

The last four years have not been easy for Lynn Szymoniak. Since early 2008, she has waged a seemingly endless series of legal battles against some of...

Today's Most Important Finance Story: Lan T. Pham, Ph.D., Told the CBO the Truth About Mortgage "Securities" and Was Fired for It

Janet Tavakoli | Posted 05.16.2012 | Business
Janet Tavakoli

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.

She Was In Foreclosure, But Now She's Got $18 Million

The Huffington Post | Alexander Eichler | Posted 03.15.2012 | Business

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...

Thanks To The Government You Can Now Rent A Foreclosed Home

AP | The Associated Press | Posted 04.28.2012 | Business

WASHINGTON — The government is looking to sell off some of its stock of homes in foreclosure. The Federal Housing Finance Agency has control ov...

Mark Gongloff

Who's Really Paying The Tab For The Mortgage Settlement?

HuffingtonPost.com | Mark Gongloff | Posted 02.18.2012 | Business

Just who is paying for the big mortgage settlement, anyway? The Obama administration says it's the banks. Mortgage investors worry it will be them....

First Bank Fraud, Now Political Fraud

Dennis M. Kelleher | Posted 04.11.2012 | Business
Dennis M. Kelleher

It's like saying rather than drowning in a lake 50 feet deep, you get to drown in a lake that is only 30 feet deep. And, people are taking victory laps? You don't believe any of that and still think what the politicians said about punishing the banks was true?

Foreclosure Fraud: Scoring the Deal, Continuing the Fight

Richard (RJ) Eskow | Posted 04.10.2012 | Politics
Richard (RJ) Eskow

The Federal government and the Attorneys General from 49 states have signed a deal with five major banks over charges of fraud, including reported acts of widespread perjury and forgery, in the so-called "robo-signing" scandal.

Robo-Signing Bank Settlement Is a Criminal Sell Out

Dennis M. Kelleher | Posted 04.10.2012 | Business
Dennis M. Kelleher

The banks engaged in a years' long pattern of what can only be described as fraudulent if not criminal conduct that would put anyone else in prison for years if not decades, yet banks get to buy off the cops with some money to help just a few of the victims they created.

Janell Ross

What The Mortgage Settlement Won't Cover

HuffingtonPost.com | Janell Ross | Posted 02.09.2012 | Business

On September 25, 2010, Monica and Ricardo Zapata should have been out celebrating their tenth wedding anniversary, or enjoying a candlelight dinner in...

The Top 12 Reasons Why You Should Hate the Mortgage Settlement

Yves Smith | Posted 04.10.2012 | Politics
Yves Smith

This settlement is yet another demonstration of who wields power in America, and it isn't you and me. It's bad enough to see these negotiations come to their predictable, sorry outcome. It adds insult to injury to see some try to depict it as a win for long suffering, still abused homeowners.

CSI Missouri: A "Robo-Signing" Indictment in the Show-Me State

Richard (RJ) Eskow | Posted 04.08.2012 | Business
Richard (RJ) Eskow

Forgery and perjury are serious crimes. It's an even more serious crime to ask others to do it for you.