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August 21, 2014
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‘A Billion Wicked Thoughts’

‘A Billion Wicked Thoughts’

By Ogi Ogas (Author), Sai Gaddam (Author)

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Tag: Foreclosures


(AP Photo/Cliff Owen)

Elizabeth Warren’s New Bill Aims to Stop Employers Discriminating Against the Poor

Citing “basic fairness” as motivation for introducing a bill that would prevent employers from using credit reports as criteria when hiring a new employee, Warren, along with six other senators, is once again fighting battles for the disadvantaged. Meanwhile, Hillary Clinton is busy assuaging Wall Street’s fears about populism.

Posted on Dec 17, 2013 READ MORE



JefferyTurner (CC BY 2.0)

Banks Suspected of Racial Bias in Housing Crisis Aftermath

Financial institutions handling foreclosures, especially Bank of America, have been accused of letting properties in minority neighborhoods deteriorate. The National Fair Housing Alliance collected evidence that the bank is maintaining foreclosed houses in predominantly white areas in far better conditions.

Posted on Sep 28, 2013 READ MORE


Coal, Foreclosures and Bank of America’s ‘Extraordinary Event’

Shareholder meetings can be routine, unless you are Bank of America, in which case it may be declared an “extraordinary event.”

Posted on May 10, 2012 READ MORE



AP / Saul Loeb

Obama’s Faux Populism Sounds Like Bill Clinton

I get angry because betrayal by the “good guys” for whom I have ended up voting has become the norm.

Posted on Jan 26, 2012 READ MORE



White House / Pete Souza

Obama’s Late Payment to Mortgage-Fraud Victims

In his State of the Union address, many heard echoes of the Barack Obama of old, the presidential aspirant of 2007 and 2008.

Posted on Jan 25, 2012 READ MORE


Bull Cuts

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Posted on Oct 8, 2011 READ MORE



Flickr / Michael Gray (CC-BY-SA)

Bank of America Ends Foreclosure Ban

Bank of America said Monday it will resume foreclosures in 23 states. The country’s largest bank stopped processing foreclosures nationwide while it investigated a mess of paperwork that cast doubt on the validity of home seizures. A self-imposed ban remains in 27 states.

Posted on Oct 18, 2010 READ MORE


Foreclosure
Flickr / respres

Halt! Who Forecloses There?

Arriving a little late to the party, Bank of America has announced it is halting home foreclosure sales in all 50 states as it proceeds with a widening investigation of flaws in the process.

Posted on Oct 8, 2010 READ MORE



Flickr / Philippe Put (CC-BY-ND)

Banks Can’t Be Bothered With Foreclosure Paperwork

You know how financial institutions have a way of wielding fine print like a weapon? Well it turns out that when it comes to foreclosures, many of the nation’s lenders are either willfully ignoring procedure or are woefully incompetent at paperwork. Take your pick.

Posted on Sep 28, 2010 READ MORE



Flickr / respres

Homeowners Say Banks Not Following Rules for Loan Modifications

The administration set a goal of helping up to 4 million homeowners through the $75 billion mortgage modification program, but banks appear to have created unnecessary hurdles that, in some instances, violate the loan program’s rules.

Posted on Jan 14, 2010 READ MORE


ENTER_ALT_TEXT
Flickr/respres

Foreclosures Mean Big Money for Lenders

The Obama administration is trying to pressure mortgage companies to move quicker in lowering payments for homeowners facing foreclosure. But many observers believe lenders are dragging their feet because they collect lucrative junk fees on the delinquent loans.

Posted on Jul 30, 2009 READ MORE


Bank Owned
willows-journal.com

$75 Billion to Fight Foreclosures

While $700 billion was given to the banks and credit institutions that haphazardly pushed forward our current economic fiasco, millions of homeowners at risk of foreclosure may now be given only about one-tenth of that figure—$75 billion—in an effort to slow the deterioration of the housing market.

Posted on Feb 18, 2009 READ MORE


Foreclosure
Flickr / respres

Fed Takes a Swing at Foreclosures

After pumping hundreds of billions into the banking system with not much to show for it, Fed chief Ben Bernanke says he will try to reduce the number of foreclosures. As he put it to Rep. Barney Frank: “The goal of the policy is to avoid preventable foreclosures on residential mortgage assets that are held, owned or controlled by a Federal Reserve Bank.”

Posted on Jan 27, 2009 READ MORE


foreclosure
AP photo / Reed Saxon

Lose Your Home, Lose Your Vote

The tanking economy is screwing over citizens both as homeowners and voters. The past two years have seen more than 1 million people lose their homes through foreclosure, and November’s election may see the same people also disqualified from voting due to election laws requiring official notification of voters’ new addresses.

Posted on Sep 25, 2008 READ MORE


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