Two Good Potential New York Laws and One Bad Law

Potential New York laws includes a good foreclosure law, a good banking law, and a bad campaign finance law.

Occupy Opposes LA Foreclosures

Upset with Wells Fargo’s foreclosure practices, protesters held a demonstration on May Day that briefly shut down one of the bank’s branches in downtown Los Angeles.

CFPB report on Reverse Mortgages confirms IW Criticisms

The Consumer Financial Protection Board released a report noting problems in the Reverse Mortgage market similar to those I stated in a prior post.

DN!: Green Party VP Cand Cheri Honkala Joins “Romneyville” Encampment

from Democracy Now! Set up for the Republican National Convention in Tampa, the “Romneyville” encampment is similar to Hoovervilles of the 1930s Great Depression. Residents of Romneyville are calling for an end to foreclosures, homelessness and the criminalization of poverty. We hear from Shamako Noble, a Romneyville resident and executive director of the Hip Hop […]

Save Tax Dollars: Fire DeMarco from FHFA

Even principal forgiveness programs that were shown to ultimately cost the taxpaying public less money than foreclosing.

99% Choir Goes Caroling and Forecloses on Bank of America

Foley Square: Occupy Wall Street tells Prez and Attorney General: No Immunity Deal for Crooks

Update, Saturday at 3:46pm: Police…are blocking sidewalks, shoving people, using netting. Please go support occupiers at Foley Square or at least observe on Live Stream. We must watch over our democracy! Occupy NYC Live Stream: http://www.livestream.com/occupynyc (Live comes in and out, in between, showing a meeting room scene) Global Revolution Live Stream for NYC: http://www.livestream.com/occupywallstnyc […]

Green Party calls for a nationwide moratorium on home foreclosures

• Green Party urges Obama, Congress to halt further bank foreclosures: Wall Street firms should suffer ‘austerity’ for the economic crisis they caused, not the American people  The Green Party of the United States called for an immediate nationwide moratorium on foreclosures and urged President Obama and Congress to take steps to halt further actions by banks […]

Philly Sheriff cand Cheri Honkala (G) will halt home evictions and challenge bank power

Cheri Honkala, homeless advocate and Green Party candidate for Sheriff of Philadelphia, Pa., pledges to halt home evictions and challenge the power of banks, if elected Cheri Honkala, candidate for Sheriff of Philadelphia, Pennsylvania, has emerged as the Green Party’s highest profile candidate in the 2011 election year. Ms. Honkala’s campaign slogans, “Keeping Families in […]

Is SEC reporting the key to solving the mortgage crisis?

I don’t believe that we will have an economic recovery until we resolve the mortgage crisis.  The media may have moved on to congressional body parts, but the mortgage crisis is still very real and the engine of financial entropy.  In discussions with foreclosure attorneys for the banks, it seems clear to all parties involved […]

Deputies and Movers Show Up at Bank of America to Seize Assets | Common Dreams

IW:  this is becoming more common. We should have just re-possessed them in 2008 instead of giving them our TARP money. Collier court documents show that they bought a house in Golden Gate from the bank for $165,000 in 2009. They paid cash, no mortgage. But somehow the bank and its attorney, the David J. […]

Doubts raised on OCC foreclosure estimate | Reuters

A Reuters analysis raises doubts about a widely cited statement by U.S. Comptroller of the Currency John Walsh that only a “small number” of wrongful foreclosure sales have occurred despite widespread misdeeds by banks that are the leading mortgage loan servicers. via Analysis: Doubts raised on OCC foreclosure estimate | Reuters.

Flood of Foreclosures Expected Just as Funding to Help Homeowners Dries Up

Foreclosure Tsunami Will Hit New York Soon – Just as State’s Foreclosure Prevention Funding Runs Out New analysis of data from the Federal Reserve of New York shows that the foreclosure crisis in New York is far from over – and without legislative action to provide funding for the state’s “Foreclosure Prevention Services Program,” thousands […]

4 LI Counties worst hit with foreclosures, Suffolk #1

New York State Banking Department Issues Second Report on Pre-Foreclosures Notices 134,000 Notices Sent to NY Homeowners Warning of Possible Foreclosure The New York State Banking Department today announced that more than 76,744 90-day pre-foreclosure notices were sent to New York homeowners who have fallen behind on their mortgage payments since May 31, 2010. A […]

%d bloggers like this: