The Banks' Mafia: Robbing Your Fully Paid Home

Sen. Warren Celebrates Victory In CFPB Confirmation

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Just when we thought the big banks couldn't hit a new low - they do...

Bank Of America Employee: 'We Were Told To Lie'

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Big Banks Still Exploiting The Foreclosure Fraud Settlement

Big Banks Still Exploiting The Foreclosure Fraud Settlement: The banks involved in last year’s foreclosure abuse settlement are spending more money to get bad loans off of their books than they are on directly reducing the amount homeowners owe on their mortgages, according to a new report from the settlement’s overseer released Thursday. Five large banks reached a $25 billion settlement with the [...]/p

Chris Christie Vetoes Help For Homeowners In State Plagued By Foreclosures

Chris Christie Vetoes Help For Homeowners In State Plagued By Foreclosures:  New Jersey is facing a twin crisis of foreclosures and lack of affordable housing, but Gov. Chris Christie (R) recently vetoed two bills that would have brightened the outlook for New Jersey residents [...]/p

Banks Paid Nearly $11 Billion In Fines In 2012

Banks Paid Nearly $11 Billion In Fines In 2012: Major banks this year paid $10.7 billion in fines for a host of transgressions, including money laundering and foreclosure fraud. As CNN Money noted, “Slightly more than half of the fines were related to improper mortgage practices.” However, those fines won’t put much of a dent in the financial sector’s bottom line, as “Thomson Reuters [...]/p

Bank Of America Has Provided No Mortgage Principal Relief Under The Foreclosure Fraud Settlement

Bank Of America Has Provided No Mortgage Principal Relief Under The Foreclosure Fraud Settlement: The nation’s five biggest banks agreed to a $25 billion foreclosure fraud settlement back in February that required them to provide $17 billion of mortgage relief to troubled homeowners. However, one of the banks, Bank of America, is hardly holding up its end of the bargain. According to a new report, as of June 30, [...]/p

Real Remedies for the Foreclosure Crisis Exist: The Game-Changing Implications of Bain v. MERS

Real Remedies for the Foreclosure Crisis Exist: The Game-Changing Implications of Bain v. MERS
"Two landmark developments on August 16 give momentum to the growing interest of cities and counties in addressing the mortgage mess using eminent domain"

Bank Of America Fails To Hold Up Its End Of Foreclosure Fraud Settlement

Bank Of America Fails To Hold Up Its End Of Foreclosure Fraud Settlement: When it comes to getting borrowers through foreclosure prevention programs, Bank of America has lagged the other large mortgage servicers in the country for years. Initially, the bank blamed its borrowers for the lack of success, before eventually acknowledging that its mortgage modification processes are wholly inadequate. According to a report today in Bloomberg News, [...]/p

How New Homeowner Protections Will Cut Down On Improper Foreclosures

How New Homeowner Protections Will Cut Down On Improper Foreclosures: The Consumer Financial Protection Bureau (CFPB) is proposing new transparency and accountability rules for banks that handle mortgages, with the aim of cutting down on the number of avoidable or improper foreclosures. Some of the proposed rules deal directly with how mortgage services deal with their non-delinquent clients. But along with those, CFPB is proposing [...]/p