Robert Shiller has finally gone off the deep end. He wants to condemn millions of US guaranteed mortgages from the bankster mafia. Shiller: My colleague…
Major Banks Face New Foreclosure Lawsuit
By GRETCHEN MORGENSON
Citing extensive abuses of troubled borrowers across Massachusetts, the state’s attorney general sued the nation’s five largest mortgage lenders on Thursday, seeking relief for cons…
Hat tip to SDRman, on another board
Excerpt:
Widespread demonstrations in support of Occupy Wall Street have put the financial crisis back into the national spotlight lately.
So here’s a quick refresher on what’s happened to some of the main pla…
HOLDING banks accountable for all those disastrous mortgages has been remarkably difficult. But last week, a big bank agreed to pay a price: Bank of America announced that it would part with $8.5 billion to settle claims that its Countrywide Financi…
From the WSJ online…
Economists are worried that the housing sector may be heading into another downdraft as mortgage lenders continue to tighten already restrictive lending standards.
Such a scenario seemed less likely earlier this year, when …
There is an assumption that borrowers with good credit histories will keep paying. If that changes, there could be another wave of losses for the financial system…if the banks are not honoring their promises, why should the homeowners?”
Foreclosur…
Due to the enormity of collecting and reporting all the data at one time, I’m trying something different this month. I will be posting the…
