https://medium.com/@MattBruenig/are-boomers-really-doing-well-8faf4cdbbc9a https://medium.com/@MattBruenig/are-boomers-really-doing-well-8faf4cdbbc9a Are Boomers Really Doing Well? I was inspired by this piece in the Boston Globe about how the Boomers have ruined everything to go into the Survey of Consumer Finances and see just how well the Boomers are actually doing, at least as far as wealth goes. The answer, as with all things, is …
by K.K. MacKinstry The media claims the number of home foreclosures is down sharply from the depths of the financial crisis, even as many of the mortgage firms involved remain the same, including Fannie Mae, Wells Fargo, Bank of America and JPMorgan Chase. However, some companies like CitiMortgage are exiting the servicing industry altogether. As …
Servicing Scavengers buy Defective Loans in Default Read More »
https://www.vice.com/en_us/article/how-a-cruel-foreclosure-drove-a-couple-to-the-brink-of-death A married couple resorted to self-harm after being physically and psychologically terrorized by Bank of America over their house—until a judge fined the bank $46 million. “Franz Kafka lives… he works at Bank of America.” Judge Christopher Klein’s words kick off an incredible ruling in a federal bankruptcy court in California last week, condemning …
David Dayen: How a Cruel Foreclosure Drove a Couple to the Brink of Death Read More »
A potential investigation of foreclosure abuse by OneWest Bank, which was owned at the time by current Trump-appointee Treasury Secretary Steven Mnuchin, was abandoned after OneWest donated to the political campaigns of then-California Attorney General Jerry Brown (2006-2010) and incoming California Attorney General Kamala Harris (2011-2016). The “donations” (political bribes) occurred in 2010, shortly after …
OneWest Donated to California Attorney General Kamala Harris Before Case Was Dropped Read More »
One of the most effective strategies the banks have devised is to utilize a process of servicing musical chairs to keep the homeowner and judges from being able to decipher who the rotating parties involved in the loan are. The name game becomes so convoluted through assignments, serving rights and through attempts to identify the …
In Win for Deutsche Bank, Appeals Court Reverses 'Confused' Judge, Revives Foreclosure Read More »
