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. […]

Federal Reserve Should Withdraw Proposals that Enable Loan Scams on Senior Citizens

The Fed has issued a wide-ranging proposal on reverse mortgages—a loan product that represents a growing market for lenders, but which can pose major risks for elderly homeowners. In comments submitted to the Board, the groups detail how the Board’s proposal would permit several negative outcomes: Bundling harmful and unnecessary products with reverse mortgages.  When […]

Mortgage Bankers Association Strategic Default

[vodpod id=Video.4639457&w=425&h=350&fv=bgcolor%3D%23000000%26amp%3Bseamlesstabbing%3Dtrue%26amp%3Bswliveconnect%3Dtrue%26amp%3Ballowfullscreen%3D] Mortgage Bankers Association Strategic Default, posted with vodpod Separated at Birth