Large mortgage lenders off the hook?

Thanks to Jean Eaglesham for his article in the Wall Street Journal on page B1, printed on August 6, 2011 entitled “Criminal Mortgage Probes Fizzle Out”. During the 2005 and 2006 mortgage boom period that led to our recession Wamu, Indymac and New Century made about 25% of these home loans.  The lending and accounting […]

Victims of Improper Bank Foreclosures May Have Help

Thanks to Dan Fitzpatrick of The Wall Street Journal for his August 3, 2011, article, page C3 “Bank of America in Loan-Foregiveness Talks”. As many of you probably know there has been heated litigation concerning mortgage foreclosures in the past several years.  Clever foreclosure defense attorneys have been raising arguments like lack of standing and […]