Tags » Foreclosure

Almost 40 millions of Americans live in housing they cannot afford

http://www.cnbc.com/2017/07/13/harvard-study-heres-how-many-americans-cant-afford-housing.html Ester Bloom Thursday, 13 Jul 2017 | 9:22 AM ET Harvard study: Almost 40 million Americans can’t afford to pay for housing According to new research by Harvard University, almost 40 million Americans “live in housing they cannot afford.” Homeownership has gone down and rental prices keep going up, meaning that millions of residents […]

20 more words
California Freelance Paralegal

Subprime mortgages are making a comeback

Apparently the biggest banks in the US didn’t learn their lesson the first time around… Because a few days ago, Wells Fargo, Bank of America, and many of the usual suspects made a stunning announcement that they would start making crappy subprime loans once again!

63 more words
California Freelance Paralegal

Foreclosures lead to profits for house flippers

http://www.truth-out.org/opinion/item/41151-foreclosures-lead-to-flippers-profits The United States has entered a new phase of residential foreclosure. The basic narrative is shocking: House-flippers are being allowed to push troubled homeowners out of their houses.

68 more words
California Freelance Paralegal

10th Circuit refuses to apply Jesinoski decision

US Bank, rescission,

via 10th Circuit Challenges SCOTUS on TILA Rescission — Pohl v US Bank, “Trustee” — Livinglies’s Weblog

This is a bad decision that is made even worse by the fact that this decision is published which means that it is now binding authority in all Courts under the jurisdiction of the Tenth Circuit Court of Appeals. 

21 more words
California Freelance Paralegal

Trouble is brewing in banker paradise

Authored by Adam Taggart via PeakProsperity.com, In our recent report, Banks Are Evil, we pulled no punches in making the accusation that the financial system is the root cause of injustice in today’s society.ADVERTISING It’s a good blood-boiler.

33 more words
California Freelance Paralegal

The Real Fraudsters: Banks or Homeowners like Barbara Bratton?

I was informed last night that Barbara Bratton—who sued U.S. Bank in 2012 over the foreclosure of her home in Ontario, California–was recently convicted on 6 counts of real estate fraud and now faces up to 6 years in prison.  1,340 more words

Everything Is Rigged

Ocwen stock is tanking fast

Update: The Consumer Financial Protection Bureau just sued Ocwen for “failing borrowers throughout mortgage servicing process. It says “mortgage servicer’s widespread errors, shortcuts, and runarounds cost borrowers money, homes.” CFPB Press Release CFPB Complaint The Commissioner of Financial Regulation for the State of Maryland issued a Summary Order to Cease and Desist and Partial Summary […]

13 more words
California Freelance Paralegal