How foreclosure settlement affects borrowers

Information some TFC readers may be able to use or pass on… USA Today Many details of the $8.5 billion mortgage foreclosure settlement that federal banking regulators announced Monday have not been finalized yet. Here are some answers for borrowers. Q: How much money is in it? A: Ten banks and mortgage companies will pay $3.3… More How foreclosure settlement affects borrowers

Banks May Have Illegally Foreclosed On 5,000 Members Of The Military

Think Progress For months, major banks have been dealing with the fallout of the “robo-signing” scandal, following reports that the banks were improperly foreclosing on homeowners and, in many instances, falsifying paperwork that they were submitting to courts. Banks have been forced to go back and re-examine foreclosures to ensure that homeowners did not lose… More Banks May Have Illegally Foreclosed On 5,000 Members Of The Military

The Federal Reserve’s ‘breathtaking’ $7.7 trillion bank bailout

Surprise, the government lied to us… The Week – By The Numbers A new report by Bloomberg Markets Magazine details trillions of dollars in secret federal loans made to the big banks during the 2008 financial crisis, a process that helped them rake in billions of dollars in undisclosed profits. Here, some key numbers that illuminate the Federal… More The Federal Reserve’s ‘breathtaking’ $7.7 trillion bank bailout

Wielding Assault Rifles, Police Arrest Chapel Hill, NC Occupiers Of Building Left Derelict By Developer

Why in the world would they need assault rifles for a peaceful demonstration? Think Progress Wielding assault rifles, about 20 police in riot gear stormed a derelict commercial property in the heart of Chapel Hill, NC, on Sunday afternoon, arresting activists who had taken over the space the night before. According to the Raleigh News & Observer,… More Wielding Assault Rifles, Police Arrest Chapel Hill, NC Occupiers Of Building Left Derelict By Developer

Costume Party At ‘Foreclosure Mill’ Law Firm Mocked Those Who Lost Homes

This is simply outrageous! I’m just glad these creeps were exposed for their callousness and sheer apathy toward the foreclosure mess that they no doubt, helped facilitate… The New York Times On Friday, the law firm of Steven J. Baum threw a Halloween party.The firm, which is located near Buffalo, is what is commonly referred to as a… More Costume Party At ‘Foreclosure Mill’ Law Firm Mocked Those Who Lost Homes