Appeals Court Clarifies MERS Role in Foreclosures
NY Appellate Division: MERS Does NOT Have The Right to Foreclose on a Mortgage or Assign That Right to Anyone Else in Default Dees Illustration…
Mortgage
Senate report to reveal mortgage crisis details: WSJ
The Journal said the Senate investigation’s findings would likely expose bad blood between Goldman and Morgan Stanley © AFP/Getty Images/File Chris Hondros AFP WASHINGTON (AFP)…
In Prison for Taking a Liar Loan
Dees Illustration Joe Nocera New York Times A few weeks ago, when the Justice Department decided not to prosecute Angelo Mozilo, the former chief executive…
US Treasury to sell $142 bn worth of toxic assets
© AFP/File Karen Bleier AFP WASHINGTON (AFP) – The US Treasury Department on Monday said it would begin to sell-off toxic assets worth an estimated…
Trouble for MERS Keeps Mounting
Greg Hunter USA Watchdog In Guilford County, North Carolina, the Register of Deeds, Jeff Thigpen, is questioning if his county was cheated out of more…
Ratigan: Why Keep Paying the Bank? (VIDEO)
MSNBC Visit msnbc.com for breaking news, world news, and news about the economy RELATED ARTICLES: 5 Reasons NOT to Pay Your Credit Cards 5 Collapse-Proof…
Should you pay your mortgage?
Huffington Post WASHINGTON — Nearly one in every four homeowners across the country owe more on their home than it’s worth. Once a month, those…
MERS CEO may be leaving the sinking ship
Foreclosure Defender Before It’s News The chief executive of the privately-held Mortgage Electronic Registration Systems, or MERS, is planning to leave the company and an…
Banks Repossess 1 Million Homes in 2010
Dees Illustration Associated Press NEW YORK – The bleakest year in the foreclosure crisis has only just begun. Lenders are poised to take back more…
US Banks Reporting Phantom Income on $1.4 Trillion Delinquent Mortgages
Robert Lenzer Forbes The giant US banks have been bailed out again from huge potential writeoffs by loosey-goosey accounting accepted by the accounting profession and…
Banks lose key foreclosure ruling in top Massachusetts court
Jonathan Stempel and Dena Aubin Reuters In a decision that may slow foreclosures nationwide, Massachusetts’ highest court voided the seizure of two homes by Wells…
Homeowner Beats Bank Of America In Small Claims Court
Arthur Delaney Huffington Post A California homeowner sued Bank of America in small claims court and won $7,595 from the bank after it burned him…
B of A Settlement, Another Taxpayer Rip-off
Greg Hunter USA Watchdog In case you have not heard, Fannie and Freddie (also known as Government-Sponsored Enterprises or GSE’s) settled a big lawsuit with…
Bankers Steal the American Dream (Video)
Youtube The AMERICAN DREAM is a 30 minute animated film that shows you how you’ve been scammed by the most basic elements of our government…