Tag Archives: Mortgage Fraud

William Black on Le Show with Harry Shearer

Posted on May 4, 2011 by HS

Great interview with William Black and Harry Shearer (Yes, of The Simpsons and Spinal Tap) about mortgage fraud. Continue reading →

Posted in Fresh Perspectives, Mortgage News | Tagged Mortgage Fraud, Mortgage Regulation | Leave a comment

Another Way Banks Put Borrowers Into Poverty

Posted on April 19, 2011 by HS

“In our view, living at the poverty index would be unsuitable for mortgage borrowers, and the banks’ default living costs are even below the poverty index and well below any other comparable budget. We believe the banks’ default living assumptions underestimate the real cost of living for mortgage borrowers. While it might be plausible for a borrower to keep within such a low budget for the short-term, we question if it is sustainable.” Continue reading →

Posted in Banking and Finance, Mortgage News, The Buying and Selling Process | Tagged Australia, Debt-to-Income Ratio, Home Prices, Mortgage Fraud, Qualifying for a Mortgage | Leave a comment

60 Minutes On Mortgage Robosigning Scandal

Posted on April 3, 2011 by HS

Tonight, 60 Minutes explored how banks forged foreclosure documents and complications that mortgage securitization has caused with chains of title. Continue reading →

Posted in Banking and Finance, Foreclosures and Short Sales, Fresh Perspectives, Newsletter | Tagged FDIC, foreclosuregate, Foreclosures, Mortgage Fraud, Mortgage Securitization, Robosigner | 1 Comment

Bank of America Fraud Exposed

Posted on January 4, 2011 by Mish

Clearly, Bank of America (Countrywide Financial) committed fraud, so the idea that investor lawsuits have no merit is preposterous. Moreover, it is a simple matter of common sense that when Bank of America exaggerated various numbers in its pools, that it “contributed to losses”.
Continue reading →

Posted in Banking and Finance, Fresh Perspectives, Mortgage News | Tagged bank of america, Countrywide, Mortgage Fraud | 1 Comment

Guest Post: Double Dip In Housing Largely Caused By Failure to Prosecute Mortgage Fraud

Posted on December 3, 2010 by HS

Much of the massive shadow inventory of homes is due to the fraud involved with mortgage documents. Continue reading →

Posted in Banking and Finance, Foreclosures, Fresh Perspectives, Newsletter | Tagged Foreclosure-Gate, Foreclosures, Mortgage Fraud, robo-signers, Shadow Inventory | 2 Comments