Tag: mortgage crisis

Rolling Stone Blows Lid Off Financial Scandal

It did not take long for Matt Taibbi to return Rolling Stone to the top of your must-read list. His story on the financial coverup behind those huge civil lawsuit settlements is making the rounds. He reports, among… Read More

Settlements A Source For Civil Gideon?

The idea of providing the civil-court version of “if you cannot afford one, a lawyer will be appointed without charge” – aka “Gideon” – usually runs into funding questions. But what about all these hundreds of millions of… Read More

‘Zombie’ Properties Targeted for Civil Action

New York moved closer to civil penalties for owners of abandoned properties, especially targeting large financial institutions that have been less than responsible for how they handle homes subject to foreclosure. This week, a group of 16 mayors… Read More

State Sues Feds Over Foreclosure Practices

Even if you think a huge federal agency is breaking state laws, who has the money and experience to sue them? Maybe a state? The Massachusetts Attorney General Martha Coakley is suing the Federal Housing Finance Agency and… Read More

Homeowners Silenced Over Mortgage Complaints

It seems that any frustration over mortgage disputes has an added twist: Shut up about the problem. Reuters is reporting that “… mortgage payment collectors at companies including Ocwen, Bank of America Corp and PNC Financial Services Group… Read More