Foreclosure Robo-Signing Scheme News
Steve Mnuchin's Controversial History With the Foreclosure Crisis
Critics are gearing up for a confirmation fight today over Steven Mnuchin -- Donald Trump ’s pick for treasury secretary -- who previously ran a bank that has faced criticism over its foreclosure record. Mnuchin, a Goldman Sachs veteran and former Hollywood producer, and a group of investors bought
Microsoft Bidding for Barnes and Noble's Nook?
Morning Business Memo… Shares of Barnes & Noble (BKS) soared 24 percent after a report from TechCrunch that Microsoft (MSFT) is considering a bid for the retailer’s Nook e-book business. According to internal documents cited by the website, Microsoft has offered $1 billion for the...
Who's Behind the Latest Bank Giveaway?
Last week offered a very good snapshot of the state of things in the wake of mortgage crisis. On the one hand, there was news of a woefully inadequate $8.5 billion settlement as "remedy" for irresponsible (and worse) behavior by mortgage servicers. On the other, the Consumer Financial Protection
Back From the Vomitorium: The Looting of the Mortgage Settlement Agreement
States are looting the Mortgage Settlement Fund, and the odds are good that you or someone you know is getting robbed -- for the second time. According to recent reports , politicians, not bankers, are the culprits this time around -- siphoning billions from that historic settlement and pumping it
N.Y. Foreclosure "Costume Party" Firm Settles for $4M
A New York law firm at the center of a foreclosure controversy has agreed to a settlement with state prosecutors. Steven J. Baum PC drew widespread criticism after the New York Times published photos of a firm Halloween party during which employees decorated the...
World News (02.09.12)
Tonight on world news pay off the big banks forced to pay an historic 26 billion dollars the cause of the mortgage mess. So how many Americans will get this money and real help saving their homes tonight. Filling nuclear America ready to build its first nuclear power plant since Three Mile Island
Mortgage Settlement: Banks Pay Up
Good news for homeowners and their mortgages the Justice Department announced that five of America's biggest banks will be forced to pay a record penalty. 26 billion dollars for their role in the mortgage mess. They will also have to help lost more homeowners renegotiate better mortgage terms. So
U.S. Jobless Claims Near 4-Year Low
Matt Nesto explains how jobless claims, other factors affect world markets.
Occupy Our Homes Campaign Launches Against Foreclosures Indoors
A subset of Occupy Wall Street protesters across the country are bringing their fight indoors with plans to stay in foreclosed homes for months. The group launched a national campaign on Tuesday called Occupy Our Homes -- literally living in the homes of foreclosed homeowners, giving temporary
Foreclosure Law Firm That Mocked Victims Closing
One of the major law firms handling foreclosures in the U.S. is closing its doors after being banned by Fannie Mae and Freddie Mac from receiving new work from lenders and servicers. It's the same firm that threw a Halloween party last year where its employees dressed up as foreclosure victims,