Daily News related to the Foreclosure Crisis

The biggest unpunished heist in human history - Max Keiser

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11/30/16

Trump Treasury pick: Fannie Mae and Freddie Mac will be privatized

Housing Wire

Trump Treasury pick: Fannie Mae and Freddie Mac will be privatized
Steve Mnuchin tells Fox Business: "We’ll get it done reasonably fast"
By Ben Lane

11/30/16

Wilbur Ross and Steve Mnuchin—Profiteers of the Great Foreclosure Machine—Go to Washington

The Nation

Wilbur Ross and Steve Mnuchin—Profiteers of the Great Foreclosure Machine—Go to Washington
Mnuchin and Ross led companies that committed fraud to foreclose on millions of homeowners. Now they will be in charge of the entire US economy. What could go wrong?
By David Dayen

11/29/16

21 Lawmakers Come Out To Defend The Consumer Financial Protection Bureau

Consumerist

21 Lawmakers Come Out To Defend The Consumer Financial Protection Bureau
While most federal agencies will soon see a change in leadership and direction after President-elect Donald Trump takes office, the head of the Consumer Financial Protection Bureau is supposed to be shielded from such sudden changes. A recent court decision put that protection — and the future of the CFPB itself — in question, but today

11/28/16

EXCLUSIVE: Ben Carson will accept HUD secretary role

Housing Wire

EXCLUSIVE: Ben Carson will accept HUD secretary role
The speculation is now over as sources close to the appointment confirm to HousingWire that Ben Carson will officially accept the role of United States Secretary of Housing and Urban Development.

11/18/16

OCC slaps serious sanctions on Wells Fargo as fake account fallout continues

Housing Wire

OCC slaps serious sanctions on Wells Fargo as fake account fallout continues
The Office of the Comptroller of the Currency slapped a series of sanctions on Wells Fargo that were previously excluded from its settlement with the megabank over the fake account scandal that recently shrouded the bank in controversy.

11/14/16

They’re Growing Older. Their Mortgage Debt Is Growing Deeper.

New York Times

They’re Growing Older. Their Mortgage Debt Is Growing Deeper.
It was a modest house, a two-bedroom ranch in Arlington, Mass. Jerri and Richard Newman had to stretch to buy it for $169,000 in 1996, but with his job at Boston’s Museum of Fine Arts and her freelance editing, they figured they could swing it. They took out a 30-year, fixed-rate mortgage. But

11/14/16

Guest post: the foreclosure vote

Mathbabe

Guest post: the foreclosure vote
This is a guest post by Tom Adams, who spent over 20 years in the securitization business and now works as an attorney and consultant and expert witness on MBS, CDO and securitization related issues. I don’t expect anyone to really come up with the perfect explanation for why Clinton lost and Trump won the presidential election. But I do spend some time looking at these maps:

11/16/16

Will Trump Tackle Housing Finance Reform?

National Mortgage News

Will Trump Tackle Housing Finance Reform?
WASHINGTON – Housing was the talk of the campaign two presidential elections ago, but it stayed under the radar in the 2016 race, leaving plenty of room to speculate about President-elect Donald Trump's likely mortgage policy for the next four years.

11/16/16

Fed's Kashkari unveils plan to tackle 'too big to fail' banks and funds

CNBC

Fed's Kashkari unveils plan to tackle 'too big to fail' banks and funds
Fed's Kashkari unveil plan to end 'too big to fail' Fed's Kashkari unveils plan to end 'too big to fail' 12 Hours Ago | 01:43 Minneapolis Federal Reserve President Neel Kashkari unveiled a plan on Wednesday to prevent future government bailouts by forcing the largest U.S. banks to hold so much capital that they would probably decide to break themselves up.

11/11/16

How Letting Bankers Off the Hook May Have Tipped the Election

New York Times

How Letting Bankers Off the Hook May Have Tipped the Election
There are many facets to the populist, anti-establishment anger that swept Donald J. Trump into the White House in Tuesday’s election. A crucial element fueling the rage, in my view, was this: Not one high-ranking executive at a major financial firm was held to account for the crisis of 2008.
As millions of foreclosures and job losses followed,

11/10/16

HISTORY OF THE FINANCIAL CRISIS

Fraud Investigation Bureau This is a comprehensive history documenting the events that caused the 2008 Financial Crisis through news articles, documents, and public pronouncements. We hope this resource will assist fraud investigators and activists in understanding the larger context of the battle we are waging to bring truth and shed light on those who are gutting average Americans through back room deals and fraudulent settlements.

11/10/16

Critics of Colorado’s foreclosure process say it is “fundamentally broken”

The Denver Post Colorado Supreme Court considering changes to how foreclosures happen

11/03/16

11 Oregon counties sue private mortgage registry MERS

The Oregonian

11 Oregon counties sue private mortgage registry MERS
Eleven Oregon counties are suing a mortgage-industry company that registers loan sales, circumventing public property records.
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