New Orleans It was bad enough when Wall Street sharpies like Blackstone started buying tranches of foreclosed houses in the suburbs to paint, rent, and then cash out. Now, algorithms are being deployed for house flippers. What could go right or wrong with this picture? A story in the Wall Street Journal claimed that …
Category: Foreclosure
Self-Dealing Revenge from OCC & Treasury Targets the CRA
Greenville Sometimes you wonder why former Goldman Sachs and banking executives flock to political jobs like running the Treasury Department or the Office of the Comptroller of the Currency, but then you realize the facts. It’s about score-settling or figuring out how they and their buddies can make more money in banking now and in …
The Census and Contracts-for-Deed
Little Rock One somewhat nagging problem the ACORN Home Savers Campaign has confronted over the last several years, especially when we looked at the frequency of “contracts-for-deed” was the lack of definitive data. Sure, we knew in Detroit that more contracts-for-deed were being registered under real estate transfers in recent years than were any form …