Banks are donating more foreclosed homes
Wall Street’s moral hazard
Economic outrage du jour: Banks take a powder
Over the past couple of years there's been plenty of smugness and disdain pitched in the direction of people who have walked away from mortgages. Never mind that many of them were lured into loans they couldn't afford, lost jobs and couldn't find replacements, saw income from their modest investments shrink, couldn't get a break...
Fed will back new rules to rein in foreclosure fraud
In the wake of many highly-publicized stories about rampant fraud perpetrated by banks in foreclosure proceedings, the Federal Reserve has decided to support stronger regulations under financial reform President Obama signed into law last summer.
The FDIC has been pushing hard to ensure that new regulations on the mortgage bond market include...
Bad news on foreclosure, housing price front demands action from administration
The bad news on the housing front continues to worsen, from estimates that housing prices will drop as much as 20 percent to a very sharp increase in foreclosures in the last quarter.
The regulators said one reason for the increase in foreclosures is that banks have "exhausted" options for keeping...
