Fraud Factories: Rep. Alan Grayson Explains the Fraud Foreclosure Fraud Crisis
Youtube – RepAlanGrayson This is Rep. Alan Grayson explaining the crisis of foreclosure fraud and how it links to the entire securitization chain of Wall…
Housing
JPMorgan Suspending Foreclosures
David Streitfeld The New York Times In a sign that the entire foreclosure process is coming under pressure, a second major mortgage lender said that…
Lauderdale man’s home sold out from under him in foreclosure mistake
(Robert Duyos, Sun Sentinel / September 19, 2010) Harriet Johnson Brackey Sun Sentinel When Jason Grodensky bought his modest Fort Lauderdale home in December, he paid cash. But seven months…
Ally Financial legal issue with foreclosures may affect other mortgage companies
Ariana Eunjung Cha The Washington Post Some of the nation’s largest mortgage companies used a single document processor who said he signed off on foreclosures…
15 Bone Chilling Signs That Part Two Of The Double Dip Housing Crash Has Begun
The Economic Collapse Blog These are harrowing times for anyone trying to sell a home or for anyone who is trying to make a living in…
Grayson Calls Illegal Foreclosures “Largest Seizure of Private Property Ever Attempted by Banks and Government”
Zero Hedge The key story from this morning was the Bloomberg report that GMAC Bank had halted foreclosures in 23 states, following disturbing news from…
Home Prices Drop in 36 States; Beazer Warns on Orders; 8 Million Foreclosure-Bound Homes to Hit the Market; Prices to Stagnate for a Decade
Mish’s Global Economic Trend Analysis The small upward correction in home prices from multiple tax credit offerings died in July. Worse yet, inventory of homes…
Foreclosures Rise; Repossessions Set Record
Joseph Pisani CNBC News Associate US foreclosure activity rose in August from the previous month, and banks and lenders took ownership from homeowners at a…
Should You Buy a House Now?
David Galland, Managing Editor The Casey Report Recently, we have had a number of queries about real estate. And no wonder. For starters, real estate…
U.S. Government Prepares for Crisis
Jeff Nielson The Street Most market reporters, commentators and politicians continue to rely upon nothing but the same short-term “snapshots” which have caused them to…
Banks’ Self-Dealing Super-Charged Financial Crisis
Jake Bernstein and Jesse Eisinger ProPublica Over the last two years of the housing bubble, Wall Street bankers perpetrated one of the greatest episodes of…
Thousands seeking mortgage help line up at Palm Beach County Convention Center this morning
Kimberly Miller The Palm Beach Post Lannis Waters/Palm Beach Post WEST PALM BEACH — Thousands of people are lined up this morning outside the Palm Beach…
U.S. Existing Home Sales in Record Plunge
Courtney Schlisserman Bloomberg Sales of existing houses plunged by a record 27 percent in July as the effects of a government tax credit waned, showing…
Post-Mortgage Meltdown, Where Do We Go Now?
NPR For more than 20 years, the mantra in Washington has been “more, not less” when it comes to Fannie Mae, Freddie Mac and the…