Showing posts with label Foreclosure. Show all posts
Showing posts with label Foreclosure. Show all posts

July 16, 2013

Senate Confirms Cordray To Head The Consumer Financial Protection Bureau

Senate Confirms Cordray To Head The Consumer Financial Protection Bureau: The Senate confirmed Richard Cordray to head the Consumer Financial Protection Bureau (CFPB) on Tuesday evening in a vote of 66 to 34, just hours after Senate Majority Leader Harry Reid (D-NV) struck a deal with Republicans that averted a controversial change to senate rules. Cordray was first nominated to direct the CFPB in July [...]/p

July 15, 2013

Arizona Is Sitting On Millions Meant To Help Homeowners Avoid Foreclosure

Arizona Is Sitting On Millions Meant To Help Homeowners Avoid Foreclosure: Arizona homeowners were among the hardest hit by the housing crisis, but the state has withheld millions of federal aid dollars intended to help people avoid foreclosure. It has the worst record of the 18 that received the emergency funds, spending just 6 percent of the $268 million set aside for its struggling homeowners. Arizona [...]/p

June 18, 2013

June 17, 2013

Bank Of America Paid Foreclosure Bonuses While Lying To Homeowners

Bank Of America Paid Foreclosure Bonuses While Lying To Homeowners: One of the nation’s largest mortgage servicers intentionally, knowingly, and routinely falsifies paperwork and lies to homeowners in order to boot them from their homes, according to bank insiders. The latest of many civil suits over Bank of America’s handling of foreclosures and mortgage modifications has produced affidavits from six former employees alleging the bank [...]/p

May 24, 2013

Man Who Paid His Mortgage Early Facing Foreclosure

Man Who Paid His Mortgage Early Facing Foreclosure: Etienne Syldor, an Orlando resident who works as a bus driver at Walt Disney World, says that Wells Fargo has started foreclosing on his house. This is despite the fact that he not only made his payments on time, but even overpaid on them. As local station WFTV reported, “Last year, Wells Fargo offered him [...]/p

May 20, 2013

Foreclosed Homeowners 'Move In' to the Dept. of Justice | Common Dreams

Foreclosed Homeowners 'Move In' to the Dept. of Justice | Common Dreams
"Underwater homeowners and hundreds of allies barricaded the front door of the Department of Justice building Monday afternoon to protest the "too big to jail banks" who have shirked punishment despite having destroyed "homes, savings and livelihoods"."

The Courage to Put Yourself on the Line

The Courage to Put Yourself on the Line
"Demonstrators today are using their bodies to send a message to Eric Holder that it is time to stop shielding the big Wall Street banks from prosecution."

April 11, 2013

Elizabeth Warren Tears Into Federal Regulators For Shielding Big Banks

Elizabeth Warren Tears Into Federal Regulators For Shielding Big Banks: Sen. Elizabeth Warren (D-MA) embarrassed government regulators during a Senate Banking Committee hearing on Thursday morning as she demanded to know why they won’t reveal how frequently big banks illegally foreclosed on homeowners. In January, regulators abandoned a case-by-case review of foreclosure fraud conducted by some of the nation’s largest banks in favor of a [...]/p

Sen. Warren, Rep. Cummings Seek Docs To ID Mortgage Servicers

Sen. Warren, Rep. Cummings Seek Docs To ID Mortgage Servicers
"Sen. Elizabeth Warren and Rep. Elijah E. Cummings sent a letter to Fed Chairman Ben Bernanke and Comptroller Thomas Curry, challenging a decision by agency staff not to supply documents related to violations of federal and state law by mortgage servicing companies. This is why we wanted her, and by gum, it's good to have her!"