Home » Topics » foreclosure
Documents: Government foreclosure audit held off on looking at largest banks
By Paul Kiel, Pro Publica The Obama administration launched its main program to prevent foreclosures in the spring of 2009 with $50 billion and abundant promises. What the Home Affordable Modification Program, or HAMP, lacked u2014 and wouldn’t have for years u2014 was effective oversight of the big banks that…
Families caught in foreclosure crisis unite in national campaign
A national campaign representing more than 50,000 families caught up in America’s foreclosure crisis has been launched, with the aim of making mortgage relief a key issue in battleground states during the 2012 election. The Home Defenders League, launched on Thursday, plans to be active in 17 states across the…
Audit reveals foreclosure abuse is rampant
LOS ANGELES (Reuters) – A report this week showing rampant foreclosure abuse in San Francisco reflects similar levels of lender fraud and faulty documentation across the United States, say experts and officials who have done studies in other parts of the country. The audit of almost 400 foreclosures in San…
Still waiting for cleanup in foreclosure mess
If last year was the year in which faulty foreclosures and bank errors became a full-blown scandal, this has been the year of waiting for something to be done about it. First, there’s the still-to-come multi-state settlement over alleged fraud on the part of the country’s five largest mortgage servicers.…
Mass. AG hits big banks with foreclosure lawsuit
(Reuters) – The Massachusetts attorney general has filed a lawsuit against five large U.S. banks accusing them of deceptive foreclosure practices, such as robo-signing. Attorney General Martha Coakley said on Thursday the lawsuit was filed in state court inBoston against Bank of America Corp, JPMorgan Chase & Co Inc, Citigroup Inc, Wells Fargo & Co and Ally Financial.…
Obama task force probing banks on foreclosures, criminal charges possible
In the still-developing “mortgagegate” scandal, the Obama White House is pledging its loyalties to the letter of the law, vowing Tuesday to hold “accountable” any bank that engaged in foreclosure fraud. “As institutions are determining their next steps in addressing these issues, we remain committed to holding accountable any bank…
‘Foreclosure mill’ gave employees jewelry, cars, houses to forge documents: testimony
According to sworn statements released by the Florida Attorney General’s office, one of the state’s “foreclosure mills” bribed employees with jewelry, cars and houses to forge and alter documents required by courts conducting foreclosure proceedings. Kelly Scott and Mary Cordova, two former employees of Florida attorney David J. Stern, were…
Foreclosure activity up across most US metro areas
Report: Most large US metro areas saw spike in foreclosure warnings between January-June. Households across a majority of large U.S. cities received more foreclosure warnings in the first six months of this year than in the first half of 2009, new data shows. The trend is the latest sign that…
Brand new on Raw Story
- Researcher: Owning a gun for safety like hiding from lightning under a tree
- Gay and lesbian couples push for same-sex marriage in Venezuela
- Right-wing radio host: I want to shoot Clinton right in the vagina
- Fifth edition of Diagnostic and Statistical Manual of Mental Disorders published
- Human tissue cloning could treat heart disease or Parkinson’s disease
- Noam Chomsky: Obama was willing to start nuclear war to kill bin Laden
- Psychologists find being positioned above others buffers against effects of ostracization
- Democrat tears into GOP for politicizing IRS hearing and encouraging ‘pollution of our democracy’
- Female filmmaker says Saudi Arabia becoming more tolerant
- Tens of thousands march against budget cuts in Rome
Commentary
Stop whining about Millennials
By Pando Daily
Six ways the GOP could screw up the Obama administration’s scandals
By Ana Marie Cox, The Guardian
Raw Exclusives
Featured Video
Follow Us!
