Editor’s Comment: The practice of disregarding normal loan underwriting standards creates a claim that homeowners were tricked into loans that they could never repay. The Consumer Financial Protection Bureau, built by Elizabeth Warren under Obama’s direction is about to pass a rule that addresses that very issue. The new Rule would allow homeowners contesting foreclosure […]

Tags: CFPB, credit default swaps, Elizabeth Warren, Federal Bailout, foreclosures, housing, insurance, investors, Obama, Richard Cordray, TARP, underwriting
Posted in bubble, Corruption, Eviction, securities fraud |

MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT SERVICE 520-405-1688 Release on Foreclosure Fraud Settlement Looks Broader Than Advertised By: David Dayen In his statement on the Administration’s new housing policies, CFPB Director Richard Cordray makes a fairly stunning response, considering it’s posted at the White House blog: The principles articulated […]

Tags: appraisal fraud, Beau Bid, CFPB, chain of title, Eric Schneiderman, foreclosure fraud, FORECLOSURE SETTLEMENT, foreclosures, global settlement, housing market, housing prices, investors, Kamala Harris, mortgage fruad, mortgages, Richard Cordray, settlement, state AG investigation, strategic default, uaction fraud
Posted in bubble, Corruption, Eviction, securities fraud |

GMAC foreclosure case may set anti-bank precedent Michael Riley, Bloomberg News Tuesday, November 9, 2010 When James Renfro had to stop making payments on his two-story fixer-upper in Parma, Ohio, a suburb of Cleveland, he triggered events that were supposed to result in the forced sale of his home. That Nov. 15 auction has been […]

Tags: Ally, GMAC, Ohio, Richard Cordray
Posted in bubble, Corruption, Eviction, securities fraud |

October 11, 2010 Ohio Attorney General Fights Against Wall Street By MICHAEL POWELL COLUMBUS, Ohio — Back East, at the corner of Broad and Wall Streets, the view is swell. The Dow is soaring, and bankers look pleased. But here on East Broad Street, the mood is gloomier. At least 90,000 residential and commercial foreclosure […]

Tags: Eliot Spitzer, Lisa Madigan, Martha Coakley, Ohio, Richard Cordray
Posted in bubble, Corruption, Eviction, securities fraud |

July 16, 2010 A.I.G. to Pay $725 Million in Ohio Case By MICHAEL POWELL and MARY WILLIAMS WALSH The American International Group, once the nation’s largest insurance group before it nearly collapsed in 2008, has agreed to pay $725 million to three Ohio pension funds to settle six-year-old claims of accounting fraud, stock manipulation and […]

Tags: A.I.G., accounting fraud, American International Group, Andrew M. Cuomo, Bid Rigging, Eliot L. Spitzer, Federal reserve Bank of New York, fraud, HERS, MARY WILLIAMS WALSH, Maurice R. Greenberg, MICHAEL POWELL, Ohio pension, Richard Cordray, Securities and Exchange Commission, stock manipulation
Posted in bubble, Corruption, evidence, expert witness, Pleading |