New Orleans I have often quoted a line by a former Republican OMB director that we should “never suffer from premature certainty,” and given the disaster that banks, the Treasury Department, the Bush and Obama Administrations, and the servicers have made of the housing crises and its millions of homeowner victims, I almost hesitate to …
Tag: loan modification
Making Banks Pay to Maintain Foreclosed Properties
New Orleans One disclosure after another leads the news disclosing the bad behavior of banks, servicers, and others in the foreclosure racket, but often to the victim it seems like little more than water hitting the rocks whose impact none of us will survive to see. In recent weeks close reading of major papers would …
Widespread Fraud at Bank of America
Orange Beach, Alabama Better late than never, the Attorney Generals of Nevada and Arizona sued Bank of America for “widespread fraud” on the bait and switch of promising that a loan modification is in progress and then foreclosing and selling the house out from under the homeowner at the same time. The Times and the …