Mortgage servicing company Ocwen doesn't even have to admit it did anything wrong.
JP Morgan gets to write off its $13 bill fine. Thanks to Congress, homeowners don't get to write off the help it provides.
A Home for Every American Family? No!
President Obama's plan for Fannie and Freddie just repeats old mistakes.
The unstated purpose of reality television is for viewers to feel superior to the poor saps on screen. And this week it is also apparently the purpose of the Department of Justice, which indicted two of the stars of “The Real Housewives of New Jersey” on Monday. In a case involving the Federal Deposit Insurance Corporation (FDIC) Inspector General, the IRS, the U.S. Bankruptcy Trustee and the U.S.
How mortgage servicers are strong-arming the victims of the Moore, Oklahoma tornado (among others)
On May 20, a massive EF5 tornado whipped through heavily populated Moore, Oklahoma, killing 24 and injuring nearly 400. That tragedy has now shifted into the drudgery of recovery. According to the state’s Insurance Department, claims from the tornado in Moore and a subsequent twister in the city of El Reno have topped 60,000. The damage is expected to reach $2 billion.
The reviled companies are the only players in the secondary mortgage market
Fannie Mae and Freddie Mac, the government-backed guarantors of residential mortgages, hold a particularly reviled place in our political culture. They stand accused of taking a $187.5 billion government bailout (correct) and inciting the housing bubble and financial crisis (largely incorrect).
Why the next housing crisis could be worse than the last one
Unless the White House changes course, the next housing crisis will be worse than the last one