November 2010

One Probe, 50 States, High Stakes

DES MOINES, Iowa—From his office overlooking the gold-gilded Iowa State Capitol, Tom Miller is confronting the reality of how hard it is to get all 50 state attorneys general to agree on anything. The 66-year-old Mr. Miller, up for re-election [...]


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More on the Mortgage Mess

Here is the background. The big banks — Bank of America, JPMorgan Chase, Citibank, Wells Fargo — service most of the nation’s home mortgages for investors who own the loans. They are paid a fee by the investors and also [...]


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BofA Tries to Untangle Files

Moe – The question of the foreclosure fraud day is, “Why are only 102,000 files are being examined?” My educated guess is that  Bank of America and most all other mortgage servicers have 3 years of already foreclosed homes to [...]


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Bank of America erroneously began seizure proceeding

Image by seiuhealthcare775nw via Flickr Yet on Oct. 16, Bank of America made a mistake: the nation’s largest lender sent du Bois a letter announcing the imminent sale of her house at auction. She was stunned. “I freaked: the jaw [...]


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Signs of foreclosure paperwork problems were missed, FDIC chief says

Image via Wikipedia Reporting from Washington — Regulators should have foreseen a wave of suspect foreclosure paperwork coming, a key official admitted Monday as federal banking agencies said they had launched their own in-depth review of the issue. “In retrospect, [...]


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Boot camp turns lawyers into lawyers

Consumer lawyers have been traveling to a remote 160-acre farm in the mountains of Western North Carolina since 2006 to network, drink Scotch and prepare for legal combat in foreclosure and bankruptcy cases.


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