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.

Who should replace Ed DeMarco?

We need to push the White House to name a banking activist to the position

DeMarco Hearing 3/19/13: Call your Congressperson

DeMarco needs to be replaced. We have written extensively about why

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.

Is there a coming Reverse Mortgage Crisis?

there is increased pressure by the banks to make the reverse mortgage market work like the disastrous pre-collapse sub-prime market.

Hope for Thanksgiving: Judge stops foreclosure, throws out mortgage and scolds bank…

(See related video at bottom) (excerpt from) The Telegraph UK Judge wipes out couple’s mortgage after bank’s ‘repulsive’ behaviour By Tom Leonard in New York / Nov 26 2009 A New York [from Suffolk County] judge was so angry with a bank’s “harsh, repugnant, shocking and repulsive” behaviour towards a financially struggling couple that he […]

Fannie Mae to stop evictions in foreclosures: report | Reuters

Fannie Mae to stop evictions in foreclosures: report | Reuters NEW YORK (Reuters) – Fannie Mae said on Monday it will allow tenants to remain in their homes and avoid eviction even if the building’s landlord goes into foreclosure. Posted using ShareThis