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Obama Gets a HAMP Question… On The Daily Show
President Obama appeared on the Daily Show last night, and Jon Stewart confronted him with the “H” word. It’s not one that comes up much in Obama’s presence; I can’t remember the last time, in fact....
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The Banks Devise a New Deal for Homeowners: Token Relief for Liability Waivers
The failings of the 49-state foreclosure fraud settlement have by now become so obvious that even traditional media cannot ignore it. When half of the $2.5 billion earmarked as a hard-dollar penalty to...
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Wells Fargo Argues Government Trying to Sue Them for Conduct Covered in...
Put this one in the “what you reap is what you sow” file. A few weeks ago, the US Attorney for the Southern District of New York sued Wells Fargo for collecting insurance on FHA loans that were...
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BP, Justice Department Close to Settlement in Deepwater Horizon Case; BP to...
Fire boat response crews battle the blazing remnants of the off shore oil rig Deepwater Horizon April 21, 2010. (U.S. Coast Guard photo) Well, I think we’ve figured out how an elite corporation can...
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Yes, Banks Are Paying “Penalties” in Foreclosure Fraud Settlement With Other...
This one offers a bit of vindication. I cannot tell you how much grief I got from “official sources” over the clear reality that banks would be able to pay off their penalties in the foreclosure fraud...
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Short Sales Continue to Dominate Consumer Relief in Foreclosure Fraud Settlement
The second report from the Office of Mortgage Settlement Oversight has arrived, and it shows a continuation of one trend, tempered by the first batch of consumer relief in the form of actual principal...
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On Economy, Justice, Obama Housing Plan Fell Well Short
Over the holiday, Zachary Goldfarb released a fairly remarkable article recounting a meeting between the President and top economists: One year and one month before President Obama won reelection, he...
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Financial Services Roundtable Joins Up With Homeowner Group to Urge Extension...
It’s not often that the homeowner advocates at the Center for Responsible Lending and the bank lobbyists at the Financial Services Roundtable agree on anything. But they’re teaming up on urging...
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Justice: Wells Fargo Still Liable for FHA Abuse, Despite Foreclosure Fraud...
Late last week, the Justice Department issued a filing that attempts to reinforce the release limitations set by the foreclosure fraud settlement, stopping Wells Fargo from reimagining the deal as a...
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Short Sales Increase As Debt Relief Tax Time Bomb Nears
I’ve had more than a few assurances that Congress would get its act together and pass an extension of the Mortgage Forgiveness Debt Relief Act, so that underwater homeowners who get some debt relief...
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