Government Lawsuits Against Big Banks Are a Go

Staff / Truthdig Sep 3, 2011 Federal regulators filed lawsuits against 17 financial institutions Friday afternoon for allegedly misrepresenting the poor quality of mortgage securities they sold to Fannie Mae and Freddie Mac at the height of the housing bubble. (more) Dig deeper ( 1 Min. Read )

U.S. Agency Set to Sue Big Banks on Mortgage Deals

Staff / Truthdig Sep 2, 2011 The Federal Housing Finance Agency is set to file lawsuits against more than a dozen big banks for allegedly misrepresenting the quality of mortgage securities they were assembling and peddling at the height of the housing bubble. (more) Dig deeper ( 1 Min. Read )

Housing Market Still Headed in the Wrong Direction

Staff / Truthdig Mar 30, 2011 Saying the word recovery over and over won't change the fact that the U.S. housing market is continuing its nose dive. David Blitzer of S&P tells the BBC, "Keeping with the trends set in late 2010, January brings us weakening home prices with no real hope in sight for the near future." Dig deeper ( 1 Min. Read )

Half of Californians Can’t Afford Their Homes

By Joanna Lin, California Watch Dec 17, 2010 More than half of the state's homeowners with a mortgage -- 514 percent -- spend more than 30 percent of their monthly income on housing costs, according to 2005-2009 estimates from the US Census Bureau's American Community Survey (more). Dig deeper ( 1 Min. Read )

Bad Guys of the Foreclosure Crisis

Eugene Robinson / Truthdig Oct 23, 2010 The crisis over faulty or fraudulent paperwork in mortgage foreclosures -- which is either a big deal or a humongous deal, depending on which experts you believe -- is the fault of arrogant, greedy lenders who played fast and loose with the basic property rights of homeowners. Dig deeper ( 3 Min. Read )

When Banks Are the Robbers

Amy Goodman / Truthdig Oct 20, 2010 The big banks that caused the collapse of the global finance market, and received tens of billions of dollars in taxpayer-funded bailouts, have likely been engaging in wholesale fraud against homeowners and the courts. Dig deeper ( 3 Min. Read )

Bank of America Ends Foreclosure Ban

Staff / Truthdig Oct 19, 2010 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. Dig deeper ( 1 Min. Read )

Banks Can’t Be Bothered With Foreclosure Paperwork

Staff / Truthdig Sep 29, 2010 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. Dig deeper ( 1 Min. Read )

The Crime of Our Time

Staff / Truthdig May 6, 2010 Danny Schechter's new movie, "Plunder: The Crime of Our Time," tells the story of the economic collapse as "a crime narrative as opposed to a mistakes narrative." Dig deeper ( 1 Min. Read )

A Visit From Citibank

Mike Luckovich / Truthdig Dec 17, 2009 Dig deeper

Not Really a Lifeline for Homeowners?

Staff / Truthdig Sep 2, 2009 John Dunbar of the Center for Public Integrity has analyzed the Obama administration's home loan modification program, which aims to keep troubled borrowers in their homes, and finds it "highly problematic."Analyst John Dunbar finds the administration's home loan modification program "highly problematic." Dig deeper ( 1 Min. Read )

Fatal Health Care

Larry Wright Jul 24, 2009 Dig deeper