Sep 13th 2012 1:30PM
By Adam Levin It just may become the latest outrage during a year of outrages. At the precise moment when the federal government finally delivers a modicum of justice and some economic relief to millions of homeowners victimized by the nation's largest banks, the government threatens to beat those victims over the head... Continue Reading »
Jul 2nd 2012 10:30AM
By James O'Toole NEW YORK (CNNMoney) -- Getting served with foreclosure papers made Lynn Szymoniak rich. While she couldn't have known it at the time, that day in 2008 led to her uncovering widespread fraud on the part of some of the country's biggest banks, and ultimately taking home $18 million as a result of her... Continue Reading »
Jul 7th 2011 10:25AM
WASHINGTON -- Federal bank regulators are scrutinizing more than 150 home loan-related lawsuits directed at lenders and mortgage companies, a top official at the Federal Deposit Insurance Corporation plans to say Thursday, underscoring the threat the largest U.S. banks face from faulty and improper mortgage and foreclosure... Continue Reading »
Oct 11th 2010 10:28AM
Before four leading banks suspended foreclosures due to improper approvals, the process was already bogged down in the 23 states that require a judge to sign off on all foreclosure cases. In those states, the housing recovery has faltered, some economists claim. For example, in California there is no requirement for a... Continue Reading »
Oct 4th 2010 11:35AM
The dominoes are still falling in the latest foreclosure crisis. As more mortgage lenders admit to widespread mishandling of foreclosure documents, the consensus is growing that many more lenders and loan servers will need to stop their foreclosure machines. Among the problems cropping up: documents signed without... Continue Reading »
