Uneven Recovery: Place, Race and Mortgage Lending on LI 12/10/14

An Uneven Road to Recovery:  New Findings on Place, Race and Mortgage Lending on Long Island Wednesday, December 10, 2014, 9:30 a.m. to 2:30 p.m. Hofstra University, University Club, North Campus, Hempstead, New York Long Island Housing Services (LIHS), the private nonprofit fair housing advocacy and enforcement agency serving Nassau and Suffolk Counties, in partnership […]

Save Tax Dollars: Fire DeMarco from FHFA

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

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 […]

Schneiderman Is Said to Face Pressure to Back Bank Deal

Eric T. Schneiderman, the attorney general of New York, has come under increasing pressure from the Obama administration to drop his opposition to a wide-ranging state settlement with banks over dubious foreclosure practices, according to people briefed on discussions about the deal. In recent weeks, Shaun Donovan, the secretary of Housing and Urban Development, and […]

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. […]

A Gift For A Generation: A US Financial System Of Our Own

Digg It! Buzz It Up! Cynthia McKinney A Gift for a Generation:  A U.S. Financial System of Our Own September 25, 2008 Last week, I posted ten points (that were by no means exhaustive) for Congressional action immediately in the wake of the financial crisis now gripping our country.  At that time, the Democratic leadership […]

Digg it! Seize the Time! by Cynthia McKinney

In my reading over the course of the last few years, I had to become somewhat conversant with the language of the new economy:  bundled mortgages, securitization, SPEs, SIVs, derivatives.  But in addition to the old concepts that always seemed to be with us–predatory lending, redlining, no affordable housing amid “the housing bubble,”– it soon […]