Calling themselves “giant killers” the Colorado Progressive Coalition (CPC) announced a campaign of “organized chaos” against Wells Fargo Thursday morning for what the group said were the bank’s predatory practices and illegal foreclosures.
Shahien Nasiripour at the Huffington Post parses a J.P. Morgan filing with the Securities and Exchange Commission and notes that the bank, the second largest in the United States, is concerned about the rising tide of strategic defaulters —…
Memphis city officials have filed a lawsuit charging mortgage-loan giant Wells Fargo with discrimination. The New York Times reports:
The lawsuit, filed in federal court in Tennessee, marshaled a raft of statistics to argue that Wells Fargo offered
…
Just in time for your holiday listening pleasure, two songs are making their way around the blogosphere, marking another year of falling home prices and an expanding commercial real estate bust. Cheers!
Well, at least one banking executive is personally feeling the pain of the foreclosure crisis: Wells Fargo has fired a top employee who moved into a foreclosed Malibu beach house and threw lavish parties all summer there, the Los Angeles…
As The Washington Independent reported yesterday, a small group of Senate Democrats is pushing to revive the mortgage loan cramdown idea — a sure sign of frustration as foreclosures continue to pile up. The Senate in April defeated…
There’s more proof out today that the foreclosure crisis is only getting worse, despite everything that’s been thrown at it so far: Foreclosure notices reached a new record high during the first half of this year, Bloomberg reports.
Citing…
Multiplying failed mortgages and home foreclosures were at the heart of the global financial meltdown and remain a national socio-economic disaster. So-called “cramdown” legislation would give bankruptcy judges the power to alter bank loans in order to keep people in…
Although the plight of homeowners affected by the real estate meltdown has been well-documented, renters have mostly fallen under the radar. Recently passed national legislation includes some renter protections, but tenant advocacy groups charge that the new law only scratches the surface.
The number of renters being forced from their homes around the country is on the rise as foreclosures increase.
Do you know where to vote on Election Day? Do you know what to bring with you? Get comprehensive voter information for your state here.
rss