Tag Archives: Foreclosure
Should wolves manage henhouses?
Should the banks that helped create the foreclosure crisis now be allowed to profit from it by renting out foreclosed homes?
That’s the question being asked in response to a Bloomberg report last week that several major financial and investment compani… Continue reading
Should wolves manage henhouses?
Should the banks that helped create the foreclosure crisis now be allowed to profit from it by renting out foreclosed homes?
That’s the question being asked in response to a Bloomberg report last week that several major financial and investment compani… Continue reading
Were big banks ‘stealing homes’?
Forget for the time being all the Three Stooges document-fumbling surrounding the housing collapse. Set aside the obvious malfeasance of robosigning and rocket dockets.
The question on the table now is, were America’s largest mortgage lenders stealing … Continue reading
Were big banks ’stealing homes’?
Forget for the time being all the Three Stooges document-fumbling surrounding the housing collapse. Set aside the obvious malfeasance of robosigning and rocket dockets.
The question on the table now is, were America’s largest mortgage lenders stealing … Continue reading
GMAC out of Massachusetts
GMAC, the mortgage arm of Ally Financial, will cease most of its mortgage lending in Massachusetts.
The announcement came a day after Massachusetts Attorney General Martha Coakley filed suit against GMAC and four other major mortgage servicers, allegin… Continue reading
GMAC out of Massachusetts
GMAC, the mortgage arm of Ally Financial, will cease most of its mortgage lending in Massachusetts.
The announcement came a day after Massachusetts Attorney General Martha Coakley filed suit against GMAC and four other major mortgage servicers, allegin… Continue reading
The foreclosure gold digger
Among the more bizarre bottom-feeders to profit from our foreclosure mess is Jacob Franz: Dyck (yep, he signs with a colon), a 72-year-old former Florida dentist and ex-con who figured out a clever way to drill for gold in the cavities of America’s bro… Continue reading
Did racism skew foreclosures?
Two studies just released confirm what we already know: we’re less than halfway out of the foreclosure mess. But one of them drills down deeper to expose a racial subtext to the story.
According to new data from the Mortgage Bankers Association, the ra… Continue reading
Servicers to obey rules
Three national mortgage companies have agreed to play by the rules when foreclosing on people’s homes. They’ve promised to not lie when they sign foreclosure documents, not to foreclose when a borrower is obtaining a mortgage modification and not to … Continue reading
How about a mortgage bailout?
It has been the elephant in the living room of our national debate since the housing bubble burst five years ago: Why not simply bail out homeowners who are upside down in their homes and facing foreclosure?
As Harvard economist Martin S. Feldstein poi… Continue reading