Tag Archive: wrongful foreclosure

Mar 18

New Lawsuit Designed to Cut Through The Banks’ Lies

Banks say they never break the law. The Federal Reserve has declared that there are no fraudulent foreclosures. And now, the 50 states’ Attorneys General have put on hiatus their negotiations for creating new loan modification standards. Let’s face it: The foreclosure situation is as predatory and unfair as ever, and in 3 years no …

Continue reading »

Mar 11

Government Foreclosure Assistance Hangs By A Thread

Even at its most impotent, the HAMP program is expected to help around 300,000 more homeowners in the time of its life – if it doesn’t meet a premature end. This week the house of representatives voted to cut funding to HAMP. Spencer Bacchus (R-AL) commented “We should not waste taxpayer dollars on failed government …

Continue reading »

Feb 21

Bailout Chief Says HAMP Does More Harm Than Good, Then Walks Away

“You have people come out of this with tons of late fees that they otherwise may not have been looking at, their credit ratings have been destroyed, their savings depleted…They’re in a far worse place than they would have been had this program not existed.” Neil Barofsky, Special Inspector General for TARP Showing more fortitude …

Continue reading »

Feb 14

Banks Asks Their Victims To Come Back For More

Bad Business In 2010, Bank of America paid out $137 million to settle accusations of “defrauding schools, hospitals, and dozens of state and local government organizations via misconduct and illegal activities involving the investment of proceeds from municipal bond sales.” Investigations continue against bank employees, but the banks’ business has continued unaffected.

» Newer posts