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Yet Another Obama Big Lie: Mortgage Fraud Investigation Not Even Staffed « naked capitalism
The Administration has managed the impressive task of operating in a more cynical fashion than even its worst critics predicted.Remember the widely ballyhooed mortgage fraud investigation, announced at the State...
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Bank of America punked by fake website, yourbofa.com - Boston Business Journal
Yourbofa.com screen grabA fake letter from Bank of America CEO Brian Moynihan invites BofA customers to take control of the bank's destiny: "When the day comes that you, the American...
Read moreHome appraiser blacklists probed - CBS 5 - KPHO
PHOENIX (CBS5) - Clay Gregory is a Valley home appraiser who is spending a lot of time at home these day, but it's not by choice. "I was put in a position...
Read moreBofA Profit Falls on Charge - WSJ.com
BY DAN FITZPATRICKBank of America Corp.'s first-quarter profit fell 68% from a year earlier, as the nation's second-largest bank by assets continues to shed baggage from the financial crisis even...
Read moreU.S. News - Foreclosure fraud whistleblower found dead
By msnbc.com staffA notary public who signed tens of thousands of false documents in a massive foreclosure scam before blowing the whistle on the scandal has been found dead in...
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Housing Market Recovery, Despite Wall Street Claims, Still A Dream On Main Street
A street sign lies on the ground in an unfinished housing development site in Victorville, Calif. in June 2011If the U.S. housing market is experiencing a nascent recovery, it hasn't...
Read moreBusiness: Washington Post Business Page, Business News
Kathleen M. Howley and Dakin CampbellApr 18, 2012 4:21 pm ETApril 18 (Bloomberg) -- Bank of America Corp., whose home- equity mortgage portfolio exceeds its stock market value, probably will…
Richard (RJ) Eskow: The White House And Mortgage Fraud: So Far It's All Talk, No Action
The Obama Administration worked for months on a deal that would have let America's biggest banks off the hook for a crime wave of runaway mortgage fraud. All they had…
You've Been Had AGAIN (Obama / Mtg. Fraud)
We need to toss this clown out of office, and impeachment is the legal way, so let's get to it. Three months ago, in his State of the Union speech, President…
Foreclosure Threats Even After Loan Modifications | www.wftv.com
ORLANDO, Fl. —A Port Saint John family thought they had avoided disaster after a loan modification was approved.But a year later, they claim, Bank of America is foreclosing on their…
Coakley pushes for law offering mortgage aid
Massachusetts Attorney General Martha Coakley said Monday a new federal study showing more troubled homeowners are staying in their homes after their mortgages are adjusted demonstrates that Massachusetts should require…
Shame the Banks Bloggers
Occupy Wall Street: Flashpoint of an American Uprising?
Occupy Wall Street has successfully occupied New York City’s Liberty Plaza for eight days. Despite numerous arrests (over 80 on Saturday), rainy weather and the scorn of critics, they have prevailed thus far. This achievement is spawning several similar occupations in other cities around the U.S. The peaceful, non-violent and intently leaderless nature of the uprising is modeled after the “Arab Spring” protests which resulted in government overthrows in the Middle East.
“We are the 99 percent” permeates the movement, a reference to the 1% of Americans who control 42% of the nation's wealth. By contrast, 80% of Americans control just 7% of America’s wealth and these masses have been disproportionately impacted by the economic contraction of the last several years. As a result, tens of millions of American families are poor, without health coverage, un- or under-employed, saddled with excessive debt and/or at risk...
Jorge Newbery Comments 27 Sep 2011
Read moreJohn O'Brien MA Registry of Deeds: AG Tom Miller Should Step Dow
Written by: Richard Zombeck
John O'Brien, Registry of Deeds for Southern Essex County in Massachusetts is asking that Tom Miller, Iowa Attorney General, step down. Miller is the lead AG in the controversial settlement with the big banks on mortgage servicing fraud.
In his most recent obscene act Miller kicked Attorney General Eric Schneiderman off of the 50-state task force probing foreclosure abuses and negotiating a possible settlement agreement with the mortgage firms.
Schneiderman, a Democrat who's in his first term as New York's
Comments 24 Aug 2011
Read moreAmerican Homeowner Preservation and Millstone Landing Collaborate to Lease Option Homes
Written by:Jorge Newbery
American Homeowner Preservation LLC, pioneers of the short sale leaseback to assist families at risk of foreclosure, has entered into an agreement with Millstone Landing LLC, the owners of a gated 613 single family development in Vero Beach, Florida, to offer lease options to credit-worthy buyers who cannot obtain financing in today's tight credit environment. Millstone Landing features newly-built quality homes nestled amongst lakes and a nature preserve.
The original developer, Shelby Homes, ended up in bankruptcy after defaulting on a construction loan amounting to $370,000 per home. In 2008, the average sales price of a Millstone Landing home was $618,000. Today, these same homes are offered new for under $260,000, and AHP investors can acquire for $155,000 subject to the leases and options to the end-user buyers.
Jorge Newbery Comments 11 Aug 2011
Read moreMass AG Martha Coakley will not Join in Giving MERS and Banks a Deal
Written by: Richard ZombeckThere are some rumblings that the Department of Justice is putting the pressure on state attorneys general…
Money Held Hostage by Eastern Bank of Massachusetts
Written by: Richard ZombeckYou can also read this post and Huffington Post We live under the unfortunate false assumption that the…
American Homeowner Preservation Acquires 6.6MM of Non-Performing Mortgages
American Homeowner Preservation LLC completed over $6,600,000 in non-performing mortgage and REO acquisitions in June, bringing year-to-date acquisitions to over…
