Categories

Credit Scores and Healthcare Bills

Little Rock       If you have every tried to borrow money from a bank or buy a house, you have been introduced to the strange and terrible world of credit scores that are often key factors not only in whether or not you get the loan or are able to buy the house, but in the [...]

The Poor Need Good Organization and Representation, Not Attorneys

Jackson   It was my kind of headline in the Times, “Right to Lawyer Can be Empty Promise to the Poor.”  I was ready to agree whether I read the article or not, they “had me from hello.”

Inarguably this is not a new problem.  In criminal matters even with the Gideon decision ostensibly giving indigents the [...]

Bank Mortgage Settlement Scam Even Worse, Crediting Zombie Valuations

New Orleans   Yesterday a brief look at the new National Mortgage Settlement (NMS) and the results of the Independent Foreclosure Review (IFR) indicated that the latest reports, just like the earlier reports, indicate that the Obama Administration continues to get snookered at every brush with the big banks and Wall Street as it continues to [...]

Mortgage Brokers Wrest Free of Real Regulatory Reform

one woman protest against New Century

New Orleans     On the eve of the subprime meltdown in 2007 in Orange County, I met with a co-founder and the new CEO, general counsel, and some of the board members of the high flying mortgage player, New Century, along with several ACORN leaders from California, and ACORN’s national [...]

Some Affordability Finally Coming to Mortgage Lending but Is Fraud Protection Enough?

New Orleans    The new Consumer Financial Protection Bureau (CFPB) released its outline of new mortgage lending rules that will take effect in 2014.  The new rules are interesting, though in some ways not reassuring.

After years of arguing with big banks and subprime houses that “affordability” had to be the key test regardless of all of [...]

Bank of America and JP Morgan Chase Fleeing Community in Face of More Accountability

New Orleans    Banks have become either near criminal enterprises or complete criminal enterprises.  This is no longer a matter of speculation.  This is now a documented fact with confessions made in the dock.   Even with the very minimal supervision being given big banks by regulators and the vast loopholes in any banking laws, some are [...]