Teenager Builds Tiny House, Avoids a Mortgage

(Source: tucsoncitizen by Kate Kaemerle) – This teenager built his own tiny home in his parent’s backyard. It’s 130 square feet, has a sleeping loft, an electrical hookup and he’s planning his kitchen. He plans to live in it when he attends college to have his...

Banks Said to Balk at ‘Robo-Signing’ Offer

NEW YORK, Sept. 6 (Source: UPI) — U.S. banks are balking at an offer by state officials to limit their blame for alleged improper mortgage practices in return for a multibillion-dollar payment.Mortgage giants Bank of America Corp., J.P. Morgan Chase & Co.,...

Mortgage Suits Inflict Super-Damages on Banks

LONDON, Sept 6 (Source: Reuters Breakingviews) – Just when investors in European and U.S. banks thought things couldn’t get worse, 17 financial institutions have been sued over $196 billion-worth of toxic mortgage bonds. Bank shares fell up to 12 percent...

Nevada AG Renews Mortgage Fraud Battle

(Source: Bloomberg Businessweek) – Nevada’s attorney general wants a federal judge in a big mortgage fraud case to set aside an earlier consent judgment so the state can sue Countrywide Financial Corp. and Bank of America for consumer fraud.Catherine...