Checks Sent To Victims Of Foreclosure Fraud Are Bouncing

Checks Sent To Victims Of Foreclosure Fraud Are Bouncing: Could federal regulators and their cast of private contractors possibly do a worse job of getting relief to families who were wronged during the foreclosure crisis? First, private contractors botched their initial review of banks’ foreclosure files. Then, the Office of the Comptroller of the Currency cut a bad deal with mortgage servicers that pays [...]/p

Senator Elizabeth Warren's opening statement and Q&A at the April 11, 2013 Senate Banking Committee

Elizabeth Warren Tears Into Federal Regulators For Shielding Big Banks

Elizabeth Warren Tears Into Federal Regulators For Shielding Big Banks: Sen. Elizabeth Warren (D-MA) embarrassed government regulators during a Senate Banking Committee hearing on Thursday morning as she demanded to know why they won’t reveal how frequently big banks illegally foreclosed on homeowners. In January, regulators abandoned a case-by-case review of foreclosure fraud conducted by some of the nation’s largest banks in favor of a [...]/p

Sen. Warren, Rep. Cummings Seek Docs To ID Mortgage Servicers

Sen. Warren, Rep. Cummings Seek Docs To ID Mortgage Servicers
"Sen. Elizabeth Warren and Rep. Elijah E. Cummings sent a letter to Fed Chairman Ben Bernanke and Comptroller Thomas Curry, challenging a decision by agency staff not to supply documents related to violations of federal and state law by mortgage servicing companies. This is why we wanted her, and by gum, it's good to have her!"

Wells Fargo Hounds Disabled Veteran To Death -- Literally

Wells Fargo Hounds Disabled Veteran To Death -- Literally
"A bank foreclosure can be a horrifically stressful event on a young and healthy person. But imagine coping with a bank trying to take away your home because of a typo on their part, and not any fault of your own, when you are a frail, disabled veteran. That's the battle 62-year-old Larry Delassus had to fight even though court records show he paid his mortgage two months ahead of schedule and also paid his property taxes in advance."

How Obama’s Call For Refinancing Mortgages Will Boost The Economy

How Obama’s Call For Refinancing Mortgages Will Boost The Economy: President Obama last night called on Congress to make it easier for families to refinance their mortgages. Noting that many eligible families are having a hard time refinancing, Obama urged Congress to pass a bill as soon as it can that would ease the process and open up refinancing to those currently blocked out: Part [...]/p