State and federal officials on Thursday announced a settlement of $26 billion with five of the nation’s banks over flawed and fraudulent foreclosure practices that affected several million homeowners and became commonplace after the housing boom turned to bust in recent years. It is the largest government-industry settlement in more than a decade ( Read more... )

JUDGE DENNIS BLACKMON NAILS US BANK IN GEORGIA ON HAMP, WRONGFUL FORECLOSURE

OP Note for context: The judge wrote the below opinion rejecting the bank's motion to dismiss a case challenging their refusal to do a loan modification.From the opinion ( Read more... )

Occupy Wall Street Protesters Occupy Harlem Boiler Room, Get Tenants Heat And Hot Water

by Trymaine Lee

First Posted: 11/7/11 05:24 PM ET Updated: 11/7/11 05:55 PM ET


( Read more... )

So I Cant Haz Cake and Eat It Too?

Bank of America death-watch

One of the most mesmerizing aspects of the market rout of the last week is the decline in Bank of America's stock price. It fell a stunning 20% yesterday, and even with a strong rebound today, it closed over 22% below its level of two week ago. That puts it well below half of the book ( Read more... )

Mother kills 3 children, self in their Kenner house

( cutting the complete article because it's pretty tragic )

( Read more... )

Published: Monday, 31 Jan 2011 | 3:34 PM ET ( Read more... )

Hellish home refinancing nears bleak conclusion
It's been an odyssey of misery for Imogene Hall, a Miami Gardens woman who just wanted to tap some home equityBy TOLUSE OLORUNNIPA ( Read more... )

Foreclosure Paperwork Scandal 'Same Process' That Fed The Housing Bubble
First Posted: 10- 4-10 05:33 PM | Updated: 10- 4-10 10:01 PM

The paperwork scandal that has prompted several banks to halt evictions and review their foreclosure procedures is reminiscent of the predatory lending scheme that inflated the housing bubble"It's the same ( Read more... )

Foreclosures Slow as Document Flaws Emerge

The foreclosure machinery that has forced millions of Americans out of their homes is beginning to seize up as some lenders and their lawyers are accused of cutting corners in their pursuit of rapid home repossessions.Evictions are expected to slow sharply, housing analysts said, as state and national law ( Read more... )