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Foreclosure Fraud

Shahien Nasiripour

HSBC Continues Freeze On Home Seizures | Shahien Nasiripour | Posted 07.11.2011 | Business

HSBC North America Holdings, the ninth-largest U.S. bank by assets, told investors Wednesday that the bank's moratorium on home seizures continues in ...

Shahien Nasiripour

Obama Administration, State Officials Expected To Give Banks New Mortgage Terms | Shahien Nasiripour | Posted 07.06.2011 | Business

WASHINGTON -- The Obama administration and state officials are expected to offer the nation's five largest mortgage firms updated terms next week in o...

Shahien Nasiripour

Banks Illegally Foreclosed On Dozens Of Military Borrowers | Shahien Nasiripour | Posted 07.05.2011 | Business

WASHINGTON -- Two of the nation's largest mortgage firms illegally foreclosed on the homes of "almost 50" active-duty military service members, accord...

Shahien Nasiripour

Mortgage Debt Relief For Distressed Homeowners Won't Hurt Big Banks, IMF Says | Shahien Nasiripour | Posted 06.15.2011 | Business

NEW YORK -- A broad mortgage debt-relief program for distressed homeowners would not significantly impact the nation's four biggest banks, according t...

Finding Bank Fraud, Florida Judges Side With Foreclosed Homeowners

The Palm Beach Post | CHRISTINE STAPLETON AND KIMBERLY MILLER | Posted 06.04.2011 | Business

Angry and exasperated by faulty foreclosure documents, judges throughout Florida are hitting back by increasingly dismissing cases and boldly accusing...

The Department of Justice: Indicting Immigrants, Ignoring Wall Street Crooks

Richard (RJ) Eskow | Posted 05.28.2011 | Politics
Richard (RJ) Eskow

From the federal government we've now seen two thousand prosecutions of people who ripped off banks, and no prosecutions for banks who ripped off people. The moral seems to be "don't mug a racketeer."

Shahien Nasiripour

Big Banks Save Billions As Homeowners Suffer, Internal Federal Report Finds | Shahien Nasiripour | Posted 05.28.2011 | Business

NEW YORK -- The nation's five largest mortgage firms have saved more than $20 billion since the housing crisis began in 2007 by taking shortcuts in pr...

Shahien Nasiripour

Obama Administration Scales Back Proposed Homeowner Relief Effort Over Alleged Foreclosure Abuses | Shahien Nasiripour | Posted 05.25.2011 | Business

The Obama administration has significantly diminished a proposed homeowner relief program that initially aimed to force the nation's five largest mort...

Shahien Nasiripour

Obama Administration's Plan To Punish Banks | Shahien Nasiripour | Posted 05.25.2011 | Business

NEW YORK -- The Obama administration is seeking to force the nation's five largest mortgage firms to reduce monthly payments for as many as three mill...

The Continuing Mortgage Mess

Robert Kuttner | Posted 05.25.2011 | Business
Robert Kuttner

After the drubbing that the Democrats took last November, you would think that it might occur to the White House that it makes sense to be more clearly aligned with the interests of consumers. But that is still contested terrain.

Zach Carter

Congressional Republicans Set Sights On Homeowners, Elizabeth Warren As Split Emerges with State GOP Leaders | Zach Carter | Posted 05.25.2011 | Business

WASHINGTON -- As state and federal officials near an agreement with the nation's largest financial firms to settle allegations of abusive foreclosure ...

Shahien Nasiripour

Mortgage Industry Could Face Massive Changes That Protect Homeowners | Shahien Nasiripour | Posted 05.25.2011 | Business

Federal regulators and the top law enforcement officers in all fifty states are eyeing big changes to the dysfunctional home loan industry. If these o...

Zach Carter

Foreclosure Protesters Descend On Washington | Zach Carter | Posted 05.25.2011 | Politics

WASHINGTON -- Hundreds of protesters from around the country descended on a meeting of all 50 state attorneys general in the nation's capital on Monda...

Zach Carter

Lawmakers Pushing Back Against Banks' Foreclosure-Settlement Complaints | Zach Carter | Posted 05.25.2011 | Politics

WASHINGTON -- As bank executives push back against the terms of a foreclosure settlement with fees that may be as high as $20 billion, progressive leg...

Showdown in DC: Protests Mounting Over Looming Sell-Out on Foreclosure Fraud Deal

Art Levine | Posted 05.25.2011 | Business
Art Levine

State officials from around the country are meeting next week to finalize a multibillion-dollar settlement with bank executives for allegedly widespread mortgage and foreclosure abuses.

Does That Proposed Foreclosure Deal Help Main Street or Wall Street?

Richard (RJ) Eskow | Posted 05.25.2011 | Business
Richard (RJ) Eskow

We used a five-point grading process to evaluate the administration's reported proposal. Does the punishment fit the crime?

Shahien Nasiripour

Megabank Warns It May Be Punished Over Foreclosure Practices | Shahien Nasiripour | Posted 05.25.2011 | Business

UPDATE 7:00 PM: U.S. Bancorp, the nation's 10th-biggest lender by assets, also warned investors of impending penalties, its annual report shows. The...

Shahien Nasiripour

Banks Expect To Be Punished By Government | Shahien Nasiripour | Posted 05.25.2011 | Business

Three of the nation's largest banks said Friday that they expect to be sanctioned by the U.S. government for their foreclosure practices, securities f...

Zach Carter

Homeowners Demand Criminal Prosecutions In Foreclosure-Fraud Deal | Zach Carter | Posted 05.25.2011 | Politics

WASHINGTON -- Fifty state attorneys general and nearly a dozen federal agencies are currently hashing out plans for a multibillion-dollar settlement w...

Shahien Nasiripour

Multi-Billion Dollar Mortgage Settlement Jeopardized? | Shahien Nasiripour | Posted 05.25.2011 | Business

The Obama administration is seeking to broker a deal that would have the nation's largest mortgage lenders agree to pay as much as $30 billion in fine...

Shahien Nasiripour

A QUICK FIX: Bank Regulator's Easy Solution May Hurt Homeowners | Shahien Nasiripour | Posted 05.25.2011 | Business

The federal bank regulator overseeing the nation's largest lenders is pushing for a quick and modest settlement to the months-long federal and state p...

Zach Carter

CPAC Chief Tied To Fannie Mae, Foreclosure Mill | Zach Carter | Posted 05.25.2011 | Politics

WASHINGTON -- The new head of the American Conservative Union, the group which hosts the annual Conservative Political Action Conference, has ties to ...

Colorado AG: Companies Defrauded Foreclosure Victims

Boulder Daily Camera | Posted 05.25.2011 | Denver

Colorado Attorney General John Suthers has filed civil lawsuits against three businesses and five individuals who are accused of defrauding homeowners...

One Homeowner's 'Kafka-esque' Struggle To Prevent Foreclosure | JOE NOCERA | Posted 05.25.2011 | Business

Instead, her servicer, Bank of America, foreclosed on the property in late August and handed it off to Fannie Mae, which owned the mortgage. Ms. Rober...

Fraudclosure: Will State AGs Step Up to Their Moment in History?

Mary Bottari | Posted 05.25.2011 | Business
Mary Bottari

Rumor has it that the 50-state attorneys general investigation into the Fraudclosure scandal is wrapping up. It's time for a backbone check.