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News Consumer Advocacy Consumer Protections to Arrive This Summer  Video interview with Elizabeth Warren Warren: CFPB Could Have Stopped Foreclosure Fraud Once it is fully operational, the new consumer agency will have supervisory authority over all large mortgage servicers. It will be able to examine them on a regular basis to make sure they follow the rules. If those servicers decide it is cheaper or faster to circumvent federal law, the consumer agency will have the tools to hold them accountable. Consumer Advocate Has Met More Often With Industry Warren's meetings included sessions with Jamie Dimon, head of JPMorgan Chase & Co., Vikram Pandit, the head of Citigroup Inc. and various other senior executives from such financial giants as Goldman Sachs, Morgan Stanley, American Express Co. and Wells Fargo & Co. Arizona AG Terry Goddard Interview About B of A Mortgage Modification Fraud Lawsuit "They have systematically deceived homeowners." Liz Warren Tells Only Half the Story It is a pernicious myth, perpetuated by those in charge at the time (many still here), that the federal government was powerless to stop the financial crisis and all the fraud and looting that attended it. There was plenty of authority, but the people in charge chose to look the other way. Two AGs Send Letter to Federal Reserve Qeustioning TILA Provision That Will Harm Consumers Foreclosure Foreclose on the Foreclosure Fraudsters, Part 1: Put Bank of America in ReceivershipHUD reviewed the "paperwork" problem to see whether it threatened the banks -- not the homeowners who were the victims of foreclosure fraud. Your foreclosure stories The Washington Post asks readers to share their experiences. Time, Effort Can Rebuild Credit After Foreclosure After a foreclosure, your priority has to be rebuilding your credit. Foreclosures on People Who Never Missed a PaymentMortgage service industry makes more money from foreclosures than restructuring debt Foreclosure Fraud: 6 Things You Need To Know About The Crisis That Could Potentially Rip The U.S. Economy To Shreds Liveblog: Senate Banking Committee Hearing on Foreclosure Fraud Two Cords of Wood: An Intimate Look at Unnecessary Foreclosure I had to tell my client that she should not buy the firewood, as I knew that KeyBank was planning an eviction within days. U of I law professor says financial crisis is a wakeup call We have a system in this country where people have to follow rules, big or small. And if a small consumer has to follow the rules, like if they don't pay their mortgage they get foreclosed on, then a big bank has to follow the rules when they take a person's house. Primer: What Is a Wrongful Foreclosure?Foreclosure defense attorneys, however, say that wrongful foreclosures not only happen, they’re widespread. Administration faults firms in foreclosures Assistant Treasury Secretary Michael Barr said Tuesday that a foreclosure task force composed of 11 federal agencies had found serious problems in the way home foreclosures were being handled. More on Florida’s Kangaroo Foreclosure Courts Christopher Meister, who ran for the sheriff of Lee County, Florida, provides specific examples of judicial misconduct. Courts Helping Banks Screw Over Homeowners They told me the state of Florida had created a special super-high-speed housing court with a specific mandate to rubber-stamp the legally dicey foreclosures by corporate mortgage pushers Raskin Text Excerpts: Serious Mtg Processing Reform Needed Many may view these procedural flaws as trivial, technical, or inconsequential, but I consider them to be part of a deeper, systemic problem and am gravely concerned. Why Servicers Foreclose When They Should Modify… YAWN. In fact, best that I can tell from listening to President Obama… his view is that some 20+ million Americans, inexplicably all became irresponsible at the same time, all bought homes they couldn’t afford, and now deserve to lose their homes to foreclosure… because losing 20 million homes to foreclosure will HELP our economy. Vultures & Sharks – Lenders Who WANT To Foreclose On You Shady companies that are out there buying these troubled mortgages, are running around practically unregulated by a government that says they are doing everything in their power to stabilize housing prices and help people keep their homes. Mapping Voter Anger, Foreclosure Rates By District Fascinating overlay maps correlating voters and foreclosures Foreclosure Activity Increases 4 Percent in Third Quarter RealtyTrac's U.S. Foreclosure Market Report for the third quarter of 2010, which shows that foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 930,437 properties in the third quarter.  The Foreclosure Capitals of the Third Quarter Foreclosure data specialist RealtyTrac's tally of foreclosure activity for the third quarter by metropolitan statistical area Getting Medieval On Your Assets: Four Reasons Foreclosure Fraud Really, Really Matters Nobody's suggesting there weren't irresponsible buyers out there. But so far, the bankers have been able to convince the country that the "moral hazard" was everybody's but theirs -- even though they were running the entire system, and it's the entire system that's broken down. Untangling The Complex Foreclosure Mess NPR's Terry Gross interviews Gretchen Morgenson, assistant business and financial editor and a columnist at The New York Times. Info. about the fraudulent foreclosure practices. Foreclosure Defense: A Strategy Based On Banks Losing The Paper Trail Both homeowners and lawyers have something to gain from trying to find a flaw in the banks' record-keeping. From a Maine House, A National Foreclosure Freeze  Thomas A. Cox, a retired lawyer who volunteers at Pine Tree Legal Assistance, realized almost immediately that Mrs. Bradbury's foreclosure file did not look right. Mortgage Mayhem: One Homeowner's Cautionary Tale A 60-year-old cashier from Astoria, Queens, has been trying to get a mortgage modification, spurred by news of a federal assistance program that the Obama administration unveiled in February 2009. Foreclosure (Non-judicial) In States Where Foreclosures Bypass Judges, New Evidence of Robo-Signers Asked what documents he reviews prior to signing the default notice, Silva responded, “We don’t review any documents.” Freddie Mac Fannie and Freddie’s Regulator Opposes Reducing Mortgages for Struggling Homeowners Rush to foreclose by Fannie, Freddie helped feed problems with legal paperwork In at least one case Fannie executives also greenlighted working with a firm that they knew firsthand had engaged in legally questionable practices Document Mess Hits Fannie, Freddie Fannie and Freddie don't actually issue mortgages, but purchase them from banks and sell them to investors as mortgage-backed securities, providing guarantees to cover losses in the event of default. While they rely on banks and other firms to service those loans, they helped build the framework for managing those loans. Home-mortgage modification work by Fannie, Freddie scrutinized The panel questioned Treasury’s decision to use Fannie Mae and Freddie Mac to administer the Home Affordable Modification Program, with Fannie so far receiving $111 million for administrating that program and Freddie $79 million Banks Want Pieces of Fannie-Freddie Pie Wells Fargo and some other large banks would like private companies, perhaps even themselves, to become the new housing finance giants helping to bundle individual mortgages into securities — that would be stamped with a government guarantee. HAMP Loan Modifications, More About the Failed Program The point is the rules are not clear at all so homeowners waste time and money applying for a loan mod when they have absolutely no chance of it getting approved. HAMP Data Analysis Reveals Servicer Failure Three times as many applications were turned down for a trial mod because of paperwork issues than because of a failure of the net present value test. Was HAMP a Failure Because it Was Designed to Benefit Banks, Not Homeowners? Part of the Dylan Ratigan/Huffington Post series "No Way to Live" HAMP Doesn't Work Because it wasn't designed to work ... Loan Mod Program Left Homeowners Fate in Hands of Dysfunctional Industry the Obama administration bet the success of its foreclosure prevention program on the ability and willingness of the troubled loan-servicing industry to help homeowners -- and lost. Homeowners Express Frustration with Government Loan Modifications PBS Newshour report Here's What It Takes To Get A Bank To Modify Your Mortgage And Cut Your Principal After a long, long relentless back and forth with Chase's “Burger King kids (and adults)” who couldn't answer any questions about how a mortgage or mortgage mod worked unless they conformed perfectly to their script ... Chase agreed to a $250k principal balance reduction Loan Modification Process Hard For Many As Congress urged banks to modify more home loans Tuesday, hundreds of thousands of homeowners are caught in the foreclosure crunch. To them it's more than just numbers. BofA Blames Investors for Lack of Loan Modifications, But Evidence Points ElsewhereBank of America and others say that the contracts they sign with investors frequently limit their ability to make modifications. But a recent study looked at the contracts covering subprime deals from 2006 — at the height of the boom — and found that only 8 percent actually prohibited modifications. Housing Action Illinois Says Mortgage Loan Servicers Need To Be Held Accountable Data in New Report Demonstrates that Homeowners Wait Far Too Long for Loan Modifications Geithner Meets with Homeowners Burned By HAMP This meeting is the continuation of a national effort by groups to end the "extend-and-pretend" scheme of HAMP and replace it with a totally new approach. Arizona Attorney General Seeks Changes to Home-Loan Modification Process The agreement requires a “single point of contact,” so that the consumer deals only with one person at the bank. It also requires the bank to decide within 30 days whether to offer a loan modification Homeowners Get The Boot For Bad Paperwork While Banks Get Millions For Same I am concerned by what appears to be a discrepancy between the treatment of paperwork defects on the part of homeowners seeking help from HAMP, and the treatment of servicers who are obtaining HAMP funds on the basis that they have a valid lien on the homeowner's property. Most of Treasury’s Successful Mortgage Modifications Weren’t Actually Successful "We Were Just Kidding," Treasury Sez. "Wait, You Believed It?" Blogs about the U.S. Treasury Department's inflated numbers that make HAMP sound successful at helping homeowners. Turns out, that's not quite true ... The Fix Is Over: Mortgage Foreclosure Scandal Offers New Hope for Homeowners A large part of the problem is that banks have dragged their feet getting borrowers into the program, which bogged borrowers down in repeated rounds of paperwork that were subsequently lost. Homeowner Wants To Walk, Despite New Loan Terms The loan modification includes a $107,000 balloon payment before he can pay off the mortgage. So financially, Salter says he feels like a hostage. The Foreclosure Rescue Mirage How the government’s flagship homeowner relief program hangs borrowers out to dry. Mortgage modification hassles common Homeowners see the same mortgage modification problems over and over Obama's Foreclosure Prevention Efforts Criticized State prosecutors think they've got solid cases against the banks over tarnished foreclosure documents. But they also say they'd like to use that leverage to force lenders to do a better job at qualifying people for HAMP and other effective loan modification programs. Finally Some Hope of HAMP Oversight It's well known that the servicers and banks have not been forthcoming in their reasons for denying loan modifications and in some cases have given outlandish reasons to home owners Confusion, frustration mark mortgage modification program Finally, the media and other organizations are starting to notice that the lenders are totally screwing people who could be (and should be) helped by HAMP. Keep telling your stories! A Shot Across the Bow! A game changing precedent was set in a small claims court in Indio California that may bring the Banks to their knees.  A small lawsuit with a unique plan of action has gotten the attention of one of the Country’s largest Banks. Loan Modification Profile: Fed Up, Giving Up, and Moving OnFarmer’s frustration at the delays and the runaround are common among people trying to get help through the government program. More than three-quarters of the homeowners who responded to our questionnaire said they did not trust their servicers to make a good-faith effort to evaluate them for a modification. Bank Of America Finally Admits Its Mortgage Modification Program Is A Mess BofA had been dismissing its shortcomings by blaming its customers for failing to make it through the program. Law Foreclosed Homeowners Go to Court on Their Own Lawyers are scarce and free legal assistance is overwhelmed in New Mexico, so a community center here is offering an hourlong class in how to download the correct forms, decipher the lingo and mount a defense, however tentative and primitive, against a multibillion-dollar bank. Indiana Court Case: Servicer Contractually Bound to Federal Servicing Guidelines The court ruled these are binding conditions that the servicer must comply with before instigating a foreclosure. Novice Florida lawyers draw suspicion in foreclosure mess The Florida Bar is investigating 42 attorneys in cases where foreclosure fraud was alleged, and 17 lawyers stemming from complaints of problems with foreclosure defense. New claims in foreclosure fights "If the government doesn't step in, this [type of litigation] is going to make personal injury, or maybe even asbestos litigation, seem like a drop in a bucket." Harwood Feffer LLP Files Class Action Against Wells Fargo’s Loan Servicing Unit, America’s Servicing Company (“ASC”) Blame Dishonest Banks, Not Ethical Lawyers Exposing Foreclosure Frauds You excuse loan servicers and their lawyers for presenting of false affidavits in thousands of cases. I cannot believe that you would ever have tolerated the presentation of false or perjured testimony in your courtroom, and I cannot understand why you are willing to excuse it now. Justice to look into foreclosure practices after call by Pelosi, other House DemsAttorney General Eric Holder announced a task force housed in the Justice Department will look into the foreclosure practices of a number of financial institutions for possible violations.  A Foreclosure Laywer Goes to Washington Foreclosure lawyers may be better off working in the states than getting DC involved. California Man Gets to Keep His House, for Now Because the bank told him to stop making his payments and to default on his loan, Gonzalez found that Khast was irreparably harmed and entitled to an order temporarily halting foreclosure proceedings. Journalist Matt Taibbi Describes ‘Rocket Docket’ Court Rubber Stamping Questionable ForeclosuresInterview on NPR's "Here and Now"  Foreclosure defense attorneys working with judges to save homes Banks were hoping for leniency from the state judges they face, but signs point to judges who are not willing to give big banks a break.  Big banks escaping big foreclosure class action lawsuits Lenders snarled in the legal thicket over shoddy U.S. foreclosure procedures have so far avoided national class action lawsuits from homeowners, largely because borrowers cannot demonstrate economic harm, according to plaintiff lawyers. Some judges chastise banks over foreclosure paperworkIn millions of cases across the United States, local judges have wide latitude to impose sanctions on banks, free homeowners from their mortgage debts or allow the companies to proceed with flawed foreclosures. The jury is in AND we need judges to modify the way banks behave.... lenders and mortgage servicers in this country are working solely in their own best interests, and it should be just as clear that those interests are not aligned with the interests of anyone else; not the investors they’re supposed to protect, not the borrowers whose lives have been torn apart but will someday recover, and certainly not our nation as a whole. Bank of America Wants Robo-Sign Suit Tossed Lender says plaintiffs might have lost their homes anyway Legislation Goodnight Banks: Arizona Arizona HB 2124 Arizona SB 1259 Committee Testimony Video Arizona bills aim to help homeowners facing foreclosure House Democrats touted that legislation Monday as part of a package foreclosure-related bills they dubbed Homeowner Relief for a Strong Future. Bankers Apoplectic Over Arizona’s Republican Dominated Senate Passing Chain of Title Bill, 28-2 Arizona’s foreclosure defense plaintiff’s attorneys have been spotted across the state dancing in the streets with some of the state’s distressed homeowners. Loan Modification (not HAMP specific) Beware of the Danger in Loan ModificationsAccording to the latest data from the Federal Reserve "approximately 3 percent of the seriously delinquent borrowers received a concessionary modification in the year following their first serious delinquency, while fewer than 8 percent received any type of modification," at all! Does Applying For A Mortgage Loan Modification Hurt My Credit? In November of 2009 the CDIA (Consumer Date Industry Association), the trade association of the credit reporting agencies, introduced a new way to report loan mods which was neutral in the FICO system. Banks Boost Home-Loan Relief Banks say they are doing more of their own modifications—and fewer HAMP mods—because eligibility requirements for HAMP are more stringent. Fannie, Freddie Pressed on Mortgages An agreement with the two government-owned mortgage giants to write down so-called underwater loans could reduce the threat to the U.S. housing market from the glut of homeowners believed at risk of default Despite Praise From Banks, Treasury, In-House Loan Mods Provide Less Help to Homeowners Obama admin frustrated on mortgage modifications Mortgage finance giants Fannie Mae and Freddie Mac are not interested in principal write-downs. Mediation Saving Homes With Mandatory MediationGoading lenders into modifying mortgages by throwing dollars at them isn't the only way to prevent foreclosures. One option that has received scant national attention is mandatory mediation, which is a requirement that a mortgage servicer meet with the borrower--in the presence of a mediator or other neutral third party--to try to find an alternate arrangement before putting the borrower's home into foreclosure. Oversight/Regulation Treasury’s plan to fix the mortgage mess An “11-agency, 8-week review of servicer practices, with hundreds of investigators crawling all over the banks.” Fed Wants to Strip a Key Protection for Homeowners Since 1968, the Truth in Lending Act has given homeowners the right to cancel, or rescind illegal loans for up to three years after the transaction was completed if the buyer wasn't provided with proper disclosures at the time of closing. Political Dems: Obama Broke Pledge to Force Banks to Help Homeowners To force those servicers to modify mortgages, advocates pushed for a change to bankruptcy law giving judges the power not just to change interest rates but to reduce the overall amount owed on the loan, something servicers are loath to do. Statistics The Face of Foreclosure: An Analysis of the Nevada Foreclosure Crisis by the Nevada Association of Realtors Strategic Default If you do decide to walk, after you've done all you could to work out your mortgage problems with the blood-sucking bank, don't feel too bad. Walk out with your head high. Here's a little musical sendoff for you ... walk like an Egyptian. Learning To Walk: Fear, Shame And Your Underwater Mortgage Walking away from a home, however, is more than the sum of a few business decisions. For many homeowners, it's either an act of civic defiance against a system they no longer buy into or the end result of being shuffled around by institutions that don't help them solve their financial problems. Strategic Defaults Don’t Really Exist… Who would have thought that? Oh, that’s right… ME. Strategic Default: Watch as Elites Freak Out About a Trend That Isn't Happening 'Strategic Defaulters' Skip Mortgage Payments as Home Values Tumble The American Dream Deferred: What Befell our Strategic Defaulters? From PBS NewsHour  More see walking on mortgage as a viable plan Nearly half, 48 percent, of homeowners with a mortgage said they would consider walking away from their home if they owed more on it than it was worth No Help in Sight, More Homeowners Walk Away Suggestions that people would be wise to renege on their home loans are at least a couple of years old, but they are turning into a full-throated barrage. Is Walking Away from Your Mortgage the Smartest Thing You Can Do? Ethics didn't enter bank's decision to give you a mortgage, and ethics should not enter your decision to stop paying the mortgage Strategic Mortgage Default: The Irresponsible, Amoral, But Best Strategy? If you owe a ton more than what your home is worth, the only real holdups to walking away from your mortgage are your sense of obligation, your fear of getting a bad credit score, and your personal attachment to the home. Home Underwater? Walk Away from Geithner's Perverse 'Homeowner Relief' Plan As the program is currently structured, its chief benefits accrue directly to the nation's largest banks, leaving troubled borrowers to twist in the wind. Treasury Dept. Foreclosure Express: Why the Feds Let Banks Get Away With Murder Let us pause briefly to marvel at the imbecility of this policy, at its Kafkaesque incoherence, its brutish indifference to people’s lives: The feds won’t punish banks for breaking the rules because, if they do, the banks might break the rules. Govt’s Loan Mod Program Crippled by Lax Oversight and Deference to Banks Despite issuing public warnings for more than a year about imposing penalties, the Treasury Department told ProPublica they don’t even have the power to punish servicers for wrongfully denying help to homeowners. Trial Modification Bank of America, JPMorgan Chase object of mortgage lawsuits The lawsuits say the banks agreed under HAMP to grant permanent mortgage modifications to borrowers who make all payments during trial modifications. THE JURY IS IN: Obama’s Foreclosure Program Run by Morons… and Trial Modifications are the Biggest Loan Mod Scam Ever It occurs to me that you could have created a program that fined banks $1,000 for doing modifications and come out about the same. Video The American Dream A bittersweet cartoon that gives the historical perspective of how U.S. banks have controlled this country and its citizens for years pippinghole How Wall Street Shafted Main Street CNN's ParkerSpitzer show Mortgage Servicers' SecretThe secret mortgage servicers don't want you to know is they can make MORE money off of homeowners when they keep your loan in default. Ohio's Cordray Interview on Wells Fargo, Foreclosures "They assured us they were different from the other financial firms. They did not have these robo-signing problems." Warren Says Focus Should Be Stabilizing U.S. Families Elizabeth Warren, the White House adviser in charge of setting up the Consumer Financial Protection Bureau, talks with Judy Woodruff about Wall Street profits and executive bonus payouts amid an unstable economy. Bank adds insult to foreclosure injury Foreclose first adn ask questions later ... and bread into people's houses and steal their property. Rep. Marcy Kaptur Floor Testimony and Media: Revolving Door between Goldman Sachs, Other Financial Institutions, and the GovernmentKaptur: Is there anybody that isn't from Goldman Sachs? Update on Goldman Sachs We Need a Full Cost Accounting of How Much Wall Steet Cost this Economy and We're Far from Calculating It This Is Unacceptable In America! Congresswoman Marcy Kaptur Marcy Kaptur tells foreclosure victims, "Don't leave your homes!" CNN reports on Rep. Marci Kaptur's comments to her constituents to stay put instead of moving out after foreclosure. Michael Wasylik Talks to Bay 9 News about Fraudclosures Wells Fargo Kristy Sinsara speaks to Lisa about her Wells Fargo loan modification "Lisa's" experience with Wells Fargo...she handled her own loan modification and did it the RIGHT way!! Never surrender. Never give up!!! Robo-Signing: Documents Show Citi and Wells Also Committed Foreclosure Fraud Tthe papers Wells Fargo filed included a different transfer of the mortgage dated three days before the debtor took out the loan. Wells Fargo flatly stands behind its practices Wells Fargo 'Nightmare' For Homeowner Applying For Help Under Administration's Anti-Foreclosure Program "I am not just fighting for myself," said Crowley in a statement. "I want to make sure other people won't have to endure the same nightmare of harassment, frustration, and relentless stress that I have suffered." Wells Fargo Loan Modification Reality Check-Fannie Mae Getting Impatient Wells Fargo will now be held accountable to Fannie Mae and will be motivated to review loan modification applications quickly Wells Fargo Bank Sues Itself Tampa attorney Kristofer Fernandez, said he’s seen several cases where a large bank has sued itself for foreclosure as the holder of both first and second mortgages. Wells Fargo Loan Modification Wells Fargo loves to kick homeowners out of Trial Modifications. They have the right to request all supporting documents to be re-submitted during the trial modification period; if these documents are not received “on time”, they may kick you out. Wells Fargo Is Target, Role Model in Foreclosure Probe At least the attornies general are looking out for consumers. Maybe Congress and the President will get around to it, too. Wells Fargo erred in thousands of foreclosures Wells Fargo described the mistakes as technical and said it has no plans to halt the foreclosure process, though filing new paperwork will cause some delays. Wells Fargo Admits Foreclosure Problems, Tries To Sweep Them Under The Rug And that’s what the banks keep trying to play down: they’re committing fraud by circumventing the legal process in place for initiating and completing a foreclosure. Clinic at University of Maryland School of Law joins foreclosure They charge that Jeffrey Stephan of GMAC Mortgage and Xee Moua of Wells Fargo did not have any personal knowledge of facts in affidavits they signed. Both gave depositions last year in Florida foreclosure cases, stating that they signed hundreds of documents a day, only making sure the spellings of their names was correct. Wells Fargo Represented At Loan Modification Hearing A trial modification should not count as "help." That's really misleading; only permanent mods should be counted. Then the numbers would reflect the truly dismal extent of help offered. Wells Fargo Robo-signing FORECLOSURE SELF-DEFENSE COMPLETE GUIDE TO ROBO-SIGNERS Robo Signers Signors Names Revealed – Know Who They Are! In States Where Foreclosures Bypass Judges, New Evidence of Robo-Signers Silva was deposed as part of a lawsuit against Wells Fargo, in which he testified that he signed the default notice on behalf of his employer, Ticor Title, which was signing on behalf of another LSI Title, which was signing as an agent for National Default Servicing Corporation, an agent for Wells Fargo. Wells Fargo discloses foreclosure mistakes, use of 'robo-signers' Wells Fargo to amend 55,000 foreclosures Wells Fargo foreclosures will not be suspended despite robo-signing Wells Fargo admits to foreclosure paperwork problems Another Wells Fargo robo-signer Wells Fargo Robosigner Extraordinaire 500 Documents a Day ... Xee Moua, identified in court documents as a vice-president of loan documentation for Wells, said she signed as many as 500 foreclosure-related papers a day on behalf of the bank. Wells Fargo used robo-signers in foreclosures Wells Fargo Caught Using Robo-Signers -- So Why Haven't They Halted Foreclosures Yet? Wells Fargo standing by accuracy of foreclosure affidavits In an email to HousingWire, Wells Fargo spokesman Jason Menke said, "Wells Fargo policies, procedures and practices satisfy us that the affidavits we sign are accurate. Wells Fargo Blames Borrowers, Noted California Bankruptcy and Real Estate Attorney Timothy McFarlin Reacts Misc. Official blasts Treasury over foreclosure program The administration "is either hopelessly out of touch, or it's really a cynical attempt to try to define failure as success. What Cooked the World's Economy?What we are living through is the worst financial scandal in history. News Consolidators National Mortgage News National Foreclosure News Stop Foreclosure Fraud Mortgage News Clips Columns/EditorialsNew Deal 2.0 a one-stop-shop for current news, fresh insight, sharp analysis of the country’s fiscal crisis — and the people and policies that offer potential solutions. No Room at the Inn, No Mortgage Relief in TARP "HAMP produced a net increase of fewer than 26,000 permanent modifications a month signaling that the anemic pace of permanent modifications may even get worse" When Banks Are the Robbers According to RealtyTrac, banks repossessed 102,134 properties in September, a home roughly every 30 seconds. Every 30 seconds, banks—many that received funds from the Bush administration’s TARP, and that may be using fraudulent practices—foreclose on an American family’s dream of home ownership. 11 Ways Bank of America Practices Hurt Americans What WikiLeaks has is a mystery, but we already know a lot about Bank of America practices that are hurting Americans and prolonging the economic crisis. (And the other big mortgage lenders seem to all be doing the same things ...) How the Banks Put the Economy Underwater The banks and other players in the securitization industry now seem to be looking to Congress to snap its fingers to make the whole problem go away, preferably with a law that relieves them of liability for their bad behavior. Wall Street Execs Whine To Politico About Their Hurt Feelings They are sad, you see, and the record-setting profits they have made are no comfort to them, because hey, maybe The Huffington Post will say something really mean! Wells Fargo and Freddie Mac: No Honor Among Lenders! What is particularly galling is the blend of incompetence and arrogance exercised by these two giants, who took multi-billions of federal tax dollars from all of our pockets, while dragging their heels on federally-supported and mandated loan modifications and other legal requirements Foreclosure Fraud: 6 Things You Need To Know About The Crisis That Could Potentially Rip The U.S. Economy To Shreds TheDC OP-ED: One nation, under fraud Tomorrow, a bank—not your bank, but any bank—could evict you from your home. Even if you didn’t know the bank was foreclosing. Even if the bank doesn’t hold a single piece of paper that you signed. Blogs Timothy McCandless' Weblog An attorney offers information and advice to avoid foreclosure The HAMP Scam Making Home Affordable - My Story Two blogs from a real estate professional about the dark side of HAMP and foreclosures Foreclosure Defense & Property Law Blog Wells Fargo Hall of Shame Keep My House A blog that encourages the respectful exchange of ideas, opinions, and advice about loan modifications (also known as mortgage modifications), loan workouts, foreclosure and foreclosure self-defense, forbearance, loss mitigation, mortgage recast and more. naked capitalism Housing Doom The Automatic Earth The Foreclosure Detonator  Defend Your Foreclosure Now! You can save your home. Uppity Banker A blog site where we explore the Banking Industry and how they are really handling Loan Modifications and Short Sales for their Customers! I hope this site can be a forum for answering Borrower questions concerning their own Loan Modifications and Short Sales. Mortgage Fraud Blog The editor is an attorney and Certified Mortgage Banker who handles litigation for lending institutions and secondary market investors. The other side of the mortgage fraud issue. The Mortgage Corner Forum News and information about fraud in the mortgage industry The Wonk RoomForeclosureblues Smart Credit Financial Fraud Law An attorney, formerly of a prominent Wall Street law firm, provides financial fraud news and legal analysis Mandelman Matters Living Lies Fraud Digest Loan Workout The free forms, loan modification agreements, paperwork, companies, government agencies, attorneys and ammunition for you to begin the fight to save your home. Straight Talk About Mortgages and Real Estate Parallel Foreclosure Denise Richardson: Give Me Back My Credit Richard (RJ) Eskow A former executive with experience in health care, benefits, and risk management, finance, and information technology who blogs at Huffington Post. 4Closure Fraud Swarm the Banks Max Gardner' Bankruptcy Boot Camp Forclosure Forum A blog to provide information to those involved in Mortgage Foreclosure and Bank Fraud. Chink in the Armor Allmand and Lee bankruptcy blog Washington's Blog The Florida Foreclosure Fraud Weblog Attorney Michael Alex Wasylik helps Florida homeowners fight mortgage fraud, predatory lending and foreclosure rescue scams. Political Economics Blog by GaryA Stop Foreclosure Homeowner Resources BanksterUSA Foreclosure Industry A free information resource guide for Foreclosures, Short Sales and the Real Estate industry. Taibblog Rolling Stone political reporter Matt Taibbi  Have a site to add to this page? Contact the Webmaster.

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