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D.C. housing officials have routinely subsidized home purchases that low-income buyers could not afford, paving the way for foreclosures, liens and financial hardships. Nearly one in five buyers participating in the city’s 35-year-old loan program
As the government nears a deal with top banks to resolve mortgage abuses, the Justice Department has begun reaching out to other banks to gauge their interest in joining the wide-ranging settlement, according to a person familiar with the matter.
The house will be gone soon. For Jenny and Robert Click, the loss of their Dale City home, scheduled to be sold at a foreclosure auction Jan. 6, has loomed over their holidays. The sense of sorrow was so intense that Jenny Click considered ignorin
We recall showing the Robert Shiller chart to many of our friends, warning of a massive bubble and potential economic collapse. They wouldn’t hear any of it. We luckily sold our ocean view house in late 2004/early 2005 and have been happy renters e
Four years after the banking system nearly collapsed from reckless mortgage lending, federal prosecutors have stayed on the sidelines, even as judges around the country are pointing fingers at possible wrongdoing.
Why? Contour Crafting is a construction technology that potentially reduces energy use and emissions by using a rapid-prototype or 3-D printing process to fabricate large components. Comprised of robotic arms and extrusion nozzles, a computer-control
The National Association of Realtors has revised existing home sales 14% lower for the past four years.
Data on sales of previously owned U.S. homes from 2007 through October this year will be revised down next week because of double counting, indicating a much weaker housing market than previously thought.
Data on sales of previously owned U.S. homes from 2007 through October this year will be revised down next week because of double counting, indicating a much weaker housing market than previously thought.
The bank appears to have tried to settle with the consumer to moot the case. That settlement may have mooted the underlying legal controversy but whether a fraud was committed upon the court is and should be an entirely separate matter.
Now it's our time to strategically 'non-default' back on them, by quit paying this week! - Occupy Your Home And Regain Financial Independence
5% more American Made Products in home building would create
Massachusetts sued five major banks Thursday over deceptive foreclosure practices such as the “robo-signing” of documents, potentially undermining negotiations between lenders and state prosecutors across the nation over the same issue.
Nevada attorney general indicted two midlevel staffers at a mortgage document company, Lender Processing Services, on 606 counts of felony and gross misdemeanor for directing employees to forge signatures and falsely notarize documents used to illega
The 606-count indictment alleges that the two title officers, Gary Trafford and Gerri Sheppard, directed employees under their supervision to forge their names on foreclosure documents, then notarize the forged signatures, so that it appeared that th
Mortgage finance giants Fannie Mae and Freddie Mac received the biggest federal bailout of the financial crisis. And nearly $100 million of those tax dollars went to lucrative pay packages for top executives, filings show.
Fannie Mae, the biggest source of money for U.S. home loans, on Tuesday said it needed a further $7.8 billion in federal aid to stay afloat as a shaky housing market widened its third-quarter loss to $5.1 billion.
(Reuters) - Fannie Mae, the biggest source of money for U.S. home loans, on Tuesday said it needed a further $7.8 billion in federal aid to stay afloat as a shaky housing market widened its third-quarter loss to $5.1 billion.
This month’s media fad… “Your Home is upside-down”. Not mentioned of course: Your Foreclosure is done illegally and with Robo-signed false paperwork. America’s ‘upside-down’ homes are expected to be a major topic at tomorrow’s Rep
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Greg Lippmann, the former Deutsche Bank AG (DB) trader who gained fame for his bets against subprime mortgages before the housing market collapsed, is calling for debt forgiveness for U.S. homeowners
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60 Minutes ran a story a few months ago on the foreclosure crisis. It was a good story relating the effect of the crisis on Average Joe and also showing how the big, bailout banks are literally defrauding people out of their homes...
...TO PROMOTE SMARTER AND SUSTAINABLE PLANNING FOR JOBS AND ECONOMIC GROWTH
After staying put during the economic recession, you might be tempted by stabilizing real estate prices and low mortgage interest rates to sell your house and buy your next place. What you may not realize is how long and complicated the process of bu
Oct. 25 (Bloomberg) -- Home prices in 20 U.S. cities dropped more than forecast in August, highlighting one of the obstacles facing the economic recovery in its third year.
Russia is planning to further it's reach in the Arctic circle, according to a statement from Vladimir Putin's website. The country has already made a bold appeal to the UN to annex some 380,000 square miles of Arctic seabed due to the existence of oi
Today's adjustment to the government's HARP program to get anything with a pulse as close to the discount window as possible was not the only proposal to revive the moribund US housing market.
NEW YORK—Morgan Stanley agreed to sell Saxon Mortgage Services, its mortgage-servicing unit, to Ocwen Financial Corp., in a long-awaited deal that ends the investment bank's foray into subprime-mortgage servicing.
They're pulling in fat paychecks, but now they're also homeless.
As the housing market began its collapse, Wall Street firms and sophisticated investors searched for ways to profit. Some of them found an easy method: Stuff a portfolio with risky mortgage-related investments, sell it to unsuspecting customers and b
Attorney General Tom Miller of Iowa, who is leading the whitewash once known as the 50 state attorney mortgage settlement negotiations (7 have defected), reliably, every few weeks, has gotten word to the media that a deal is weeks away.
