Articles about Foreclosures
The Trustees Program has accused the banks of falsifying documents and inflating loan due amounts causing untold harm to the house owners. Under pressure from the Congress the Justice Department bestirred itself following the robo-signing scandal in 2010 fall. But targeting countless lower level employees who obeyed orders from superiors would be of no use.
Instead of pursuing foreclosure fraud the law enforcing arm of the federal government is either looking the other way or even shutting down its offices. This has led to frustration among the states that are doing their own investigating.Nevada took the lead in filing criminal case against executives of LPS.
The OWS movement is being given recognition by the institutions that collect items in their archives for preserving history. Noted museums and other bodies are feverishly collecting placards, documents, fliers etc of the movement. OWS itself has set up its archival section. The digital preservation of its online activities is a distinctive feature.
Many of those who have crafted plans for the conversion of foreclosures of Fannie Mae and Freddie Mac were previously closely connected with bringing about the sub-prime crisis. Some are facing lawsuits regarding the role they played during the booming years. Now they are holding important posts in other firms.
Reuters had done some digging to find in the bankruptcy court of New York many discrepancies in the documents submitted by banks in foreclosure matters. Office of U.S. Attorney has a routine follows up criminal charges against small fry. Why is Wall Street fraudsters, despite evidence, conspicuously absent from their list?
Bankruptcy helps people to stay in their homes and is especially helpful to those ignored by lenders trying to modify their loans. A new programme is scheduled to kick off in Berks County from 1st January that would compel the lenders’ representatives to meet directly the borrowers, if the latter so desire it.
Romney wants unhindered passage to foreclosures. He has forgotten that the drunken behaviour of banks and equally heady bailouts caused the entire economy to go down on its knees. Millions are suffering. They need help in the form of forbearance, modification and or refinancing.
The Occupy protestors have taken to direct action across the country in a big way. The homeless are being settled in vacant houses, former house owners are returning to their homes with their belongings while some are promising not to leave until force is used. All are complaining that the banks ignored their repeated pleas for loan modification.
