Dauphine Island New reports have finally trickled out on a “last and final” deal between government regulators and the nation’s big banks over their irresponsible, immoral fleecing of consumers around home mortgages leaving millions as foreclosure victims. Nothing about this settlement sounds really good for consumers particularly. The whole thing smacks of end of the …
Tag: Foreclosure
FACE to Face is Reducing Foreclosures in Hawaii
New Orleans Given how little of any significance has been done on any governmental or financial level to stem the tide of foreclosures in the USA, I read with interest a blurb in an on-line Shelterforce alert about progress in Hawaii. It seems the Gameliel affiliate, FACE (Faith Action for Community Equity), directed by our …
Mortgage Disclosures and Modification Appeals are not Enough Reform
San Francisco There is no question that the new federal level Consumer Financial Protection Bureau (CFPB) is a good thing and that its initiative to reshape and clarify the disclosure forms for homebuyers is important and necessary work. Writing such forms in plain and simple English is a needed step and requiring full transparency of …