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Investors Settle for $600 million — so which loans get credit for that payment?
Editor’s Note: This is what we are hearing about. What about the settlements that go unreported? The number of settlements that are off-record (unreported) is unknown but suspected to be very high....
View ArticleMatt Stoller | Mortgage Servicers: Getting Away with the Perfect Crime?
Mortgage Servicers: Getting Away with the Perfect Crime? Without prosecutions, there’s nothing keeping fraud from becoming a standard business practice. In 2004, the FBI warned Congress of an “epidemic...
View ArticleMatt Stoller | The Big Banks Win Again and Foreclosure Victims Get Little...
The big banks win again Foreclosure victims get little help in a mortgage-settlement plan that only benefits the banks’ bottom line On Thursday, a group of well-connected and powerful men announced...
View ArticleMatt Stoller on RT News | Obama’s Financial Practices ‘Dishonest Pretend...
According to a whistleblower’s complaint unsealed in federal court yesterday, Bank of America NA prevented homeowners from receiving mortgage-loan modifications under the federal government’s HAMP...
View ArticleMatt Stoller | Fighting Over the American Home: Handcuffs versus Hope and Change
Fighting Over the American Home: Handcuffs versus Hope and Change Matt Stoller is a fellow at the Roosevelt Institute. You can follow him on twitter at http://www.twitter.com/matthewstoller Over the...
View ArticleMatt Weidner | Don’t Insult the Mafia or Drug Lords by Calling Banks...
Don’t Insult the Mafia or Drug Lords by Calling Banks Organized Crime… I keep having clients try to convince me that we should be calling the banks Organized Crime organizations and treat them as such,...
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