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Foreclosure Settlement Fixes Nothing
// politics
2 days ago
by Ryan
The housing bubble was the biggest financial bubble in history. Banks gave loans to people who couldn’t afford them, then sold mortgage-backed securities to dupes around the world. Then, a circle firing squad of financial nitwits decided to insure the securities all along the way. Times were good un ...
Axis of Right - axisofright.com · Rank: 77,213 · 66 references
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Kamala Harris Gets $18 Billion For California Homeowners
// politics
2 days ago
by California Bytes
Kamala Harris has been tough as nails when it comes to bankers and mortgage lenders who defrauded California homeowners. Her persistence paid off Friday when federal officials announced a $25 billion settlement with five of the worst offenders. “This isn’t just about punishing banks for their irresp ...
California Bytes - californiabytes.com · Rank: 100,748 · 5 references
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Justice Department announces mortgage relief plan
// politics
2 days ago
by Kevin Jefferies
The housing bust still has an impact on both the housing market and the millions of people who owe more money on their houses than they are now worth. Some of this has been due to abuses by lenders and five have agreed to provide funds to assist those still trapped by the crunch. More are expected t ...
the weaker party - theweakerparty.blogspot.com · Rank: 68,819 · 3 references
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