With stories like this, we know that there are settlements, but we don’t know the terms. Just like the confidential settlements with homeowners that occur every day, we never hear the terms of settlement. The issue is whether the banks are being forced to either pay for the losses they created by writing bad loans …
Jon Stewart committed his entire show to the mortgage crisis last Wednesday night. Go watch it. It wasn’t funny although they added some comedic aspects. The bottom line is the question “why aren’t these people in jail?” And the media was scorched with the fact that despite a constant culture of continuing corruption and absurd …
More Lawsuits, Still No Real Progress and No Coverage by Media Read More »
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT CUSTOMER SERVICE 520-405-1688 Editor’s Comment: People in the U.S. are finally coming around to the view that complete and utter transparency in reporting all aspects of banking is required to prevent moral hazard. In Greece, while transparency is not the virtue of the …
Greek Banker Learns Bad (Illegal) Habits from U.S. Banks Read More »
COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary “The problem facing Bank of America is stunning, both on an economic and on a human scale. Among its 14 million mortgage customers, nearly 1 in 10 is past due. Another 190,000 have not been able to make a payment in at least two years, …
April 16, 2010 Editorial NY Times Fighting Foreclosures From the start, the central concern about President Obama’s antiforeclosure effort has been that it would postpone foreclosures but ultimately not prevent enough to ease the economic strain from mass defaults. That concern seems increasingly justified. In the first quarter of 2010, there were 930,000 foreclosure filings …
BlackRock Shifts: Principal Reduction OK in Bankruptcy Read More »
