The investigations being carried out by all the A.Gs and other federal departments have been nothing but an attempt to whitewash the fraud pertaining to foreclosure abuses. The last ten years has been stamped with the culture of no-accountability where the big fish have not only escaped scot free but they have been rewarded.

The recession has seen an increase in child abuse. Mainly this is because the mothers, under financial stress are compelled to engage unsuitable people to care for the baby. Mostly the perpetrators of the crime are fathers or male caretakers who cannot bear the crying of unhappy children. The infants are wildly shaken causing brain damage.

There was a lawsuit against developers of homes which stated that they were responsible for creating an illusionary real estate market. When the illusion was cleared, there were an increasing number of foreclosures and short sales. This resulted in chaotic neighbourhoods.

In Oregon, the new House leader (Democrat) Tina Kotek said she is keen to see that the focus is on foreclosures and other small business ventures. She plans, in the future, to place these among her top priorities. Speaking to the Associated Press she said, “Banks don’t want us touching those things, and we are [...]

Paralyzed resident of Oregon, living in a house tailor made to suit his condition and having comfortable funds to pay mortgage dues, is suddenly foreclosed upon by Bank of America. When he had wanted to clarification about the loan when BofA took over Countrywide, the bank told him to withhold mortgage payments; this led to foreclosure and eviction threats.

Two sisters and a friend chummed up to spend their retirement years in Naples. They invested in a project – Bristol Pines. The elderly women invested their money but the developer went into foreclosure. Although the women were armed with court orders that the money was to be returned to them the developer had no funds to pay.

During July-August 2011, the prices for New Jersey foreclosures were decreasing statewide, while the prices for existing single-family homes were slightly higher resulting in flat prices for the market as a whole. On the employment front, the state gained a net of 1800 jobs, with 3900 private sector jobs added. The New Jersey unemployment rate [...]

The economy of Pennsylvania, a state that is dominated by coal and steel, has suffered in recent months. Pennsylvania continues to be the leading state in coal production in the United States, but the economic downturn has caused massive pricing fluctuations. Pennsylvania’s unemployment rate has increased slightly since July and is listed at 7.8%. New [...]