A Contra Costa County sheriff's deputy told two colleagues he was making "dirty DUI" arrests on behalf of a private investigator who was setting up men to damage their reputations in legal fights, an investigator said in court documents. Deputy
“While a small part of February’s decrease can be attributed to it being a short month and bad weather, the bottom line is that the industry is in the midst of a major overhaul that has severely restricted its capacity to process foreclosures.
Encouraged to reverse-mortgage the place with only the older spouse's name on the note, which has the effect of increasing the monthly payments to you. Then that spouse dies and the younger one has to pay off the entire balance or lose the house.
Over the past quarter century, $2 trillion in Social Security and Medicare revenues have been used to finance wars and pork-barrel projects of the US government.
There are real people - millions of them - who got rooked by these actions. It is not just about whether you were paying your house payment before you got foreclosed on. It is also about whether the investors or the homeowner were screwed out of...
The Securities and Exchange Commission took a beating for failing to detect Bernard Madoff’s multibillion-dollar Ponzi scheme during the decades he ran it. Now, its chairwoman is coming under fire for hiring someone with a Madoff financial interest
Before you write a check, sign a petition or declare your unwavering support for foundations or “nonprofit” organizations (NPOs), you may wish to investigate their agendas by using this step-by-step guide.
Whether they recognize it or not, this deal is a suicide pact for the attorneys general in states that are suffering serious economic damage as a result of the foreclosure crisis.
Balloons eh? Remember how I've been talking about Balloon modifications in the context of HAMP? Well, guess what - they're still there. These are the very loans that blew up in the 1930s and cost huge numbers of Americans their homes.
In a world where the rule of law no longer means anything, you simple make it up as you go along.
Everybody benefits from a permanently rising stock market, and as a result they don't really care how it is engineered or at what eventual cost. The Fed has a free hand as long as it's enriching pension funds, insurance companies, politicos, corp...
A Six-Point Plan to Avert a Global Crisis” and the 2010 National Geographic’s special issue cover story was “WATER: Our Thirsty World.” Would it be too much to hope that Dept. of Interior Secretary Ken Salazar or BLM Director Bob Abbey might have
How can you possibly settle when you don’t know the extent of the abuses? Yes, I know this is intended to be a whitewash, but in the stress tests, the Administration engaged in a lot of persuasive-looking theatrics to somewhat disguise the fact...
The Supreme Court of the United States ruled Tuesday that AT&T and other corporations do not have personal privacy rights under the Freedom of Information Act (FOIA). The Freedom of Information Act requires federal agencies to make documents publi
But other regulators, including the Office of the Comptroller of the Currency, which oversees national banks, and the Federal Reserve, do not favor such a large fine, contending a small number of people were the victims of flawed foreclosure...
It will end badly because like the economy which has been created by the same makers it is hollow, a facade, set up for the benefit of a few who transfer wealth to themselves from the many.
It suggests what we have long argued: that failures to convey loans as required by securitization documents are widespread, if not pervasive. Now that servicers and foreclosure mills are finding that a lot of judges no longer take them at their word.
Tom Miller may not realize that keeping homeowner victims in the dark while negotiating with the perpetrators is the wrong way to approach criminal activities. But the rest of us do.
“There is no such thing as a “good attorney” who wants to end the nightmare that has been created for you and your loved one. All attorneys are paid out of the “ward’s” assets. This is like asking an oil company to stop drilling for oil. The only way
Unfortunately FASB has folded like a cheap suit in the rain. There will be no better disclosure in the future than in the past. Therefore the past will be repeated in the future. The scary thing is that FASB is a financial slave to those who benefit.
The astonishing part is that the banking industry continues to maintain that it really didn’t do anything wrong, all it did was make some technical errors. That so grossly understates the degree of its recklessness and malfeasance as to be beyond...
In short, this man, is confident that the government will do all it can in its power, regardless of the evidence, to assure that MERS and its members are allowed to proceed as they wish because of the potential financial costs.
The mortgage “settlement” trial balloon floated in the Wall Street Journal this evening is an offense to common sense and decency. Notice how the word “fraud” is pretty much verboten in the MSM; the latest code word for what went awry is “breakdown”.
An alternative newspaper in Buffalo, NY calls Wisconsin Governor Scott Walker as "David Koch". Clearly the Governor spends more time with Koch lieutenants than he does with the head honcho. He doesn't recognize the voice as not being...
Plank after plank of the mortgage recording company MERS’ business model has come under attack. To date, the results do not look good for the embattled company.
This is the Russian oligarch play all over again. Smith has a decidedly "public good" view of these operations and probably would like to see the government maintain control of operations, but she gets the problem of these asset sales to oligarchs.
By:Janet Phelan “A recent board meeting found the members focused on concerns about raising more revenue for the bureau, which has taken out two loans totaling over a million dollars in order to stay solvent. The bureau reported that $357,000 for
Prices are now falling again, and if the months-of-supply is substantially higher than originally thought (the NAR reported 8.1 months in December), then prices will probably fall further than many analysts expect.
The National Association of Realtors, which issues the monthly existing home sales report that is closely watched by economists and financial markets, may have over-counted home sales dating as far back as 2007...
Whether by dumb luck or design, enough Americans have become fixated with various forms of jealousy over advantages they believe their neighbors have, that it is providing a great smokescreen for the oligarchs to continue their looting.