Fixing Mortgage Mess: Game-Changing Implications of Bain v. MERS

bank behavior

Ellen Brown: While banks and investors were busy counting their profits behind the curtain of MERS,  homeowners and counties have been made to bear the losses.  The city of San Bernardino is in such dire straits that on August 1, it filed for bankruptcy.

Stopping Foreclosures, One House at a Time

stopping foreclosures

Sylvia Moore: As Americans, we have to ask ourselves, how long are our lawmakers going to continue to allow these too-big-to-fail institutions escape accountability?

Move Our Money: New State Bank Bills Address Credit and Housing Crises

move our money

Ellen Brown: We may not be able to beat the banks, but we don’t have to play their game. We can take our marbles and go home.

The Austerity of Hope

rick santorum fetal rights

Vijay Prashad: The “safety net” that Romney mentioned has been frayed beyond recognition since the 1980s. One of the most grotesque problems is hunger.

Will Obama Administration Now Go After Massive Mortgage Banking Frauds?

wall street offering

Ellen Brown: In his State of the Union, President Obama announced that he would be creating a mortgage crisis unit to investigate wrongdoing related to real estate lending.

The Foreclosure Crisis: Urgent as Ever and Could Get Worse

foreclosure sale

Carl Bloice: There are an estimated 3.5 million seriously delinquent mortgages out there. There were nearly 2.7 million foreclosure filings on about 1.9 million homes last year. That’s down from 2007, but it’s still about one out of every 69 homes in the country.

Victory! Transforming Occupy Wall Street From a Moment to a Movement

Peter Dreier: If the Occupy Wall Street activists join forces with the unions and community groups, they could catalyze a massive nationwide movement to resist foreclosures and block evictions.

Dems: Obama Broke Pledge to Force Banks to Help Homeowners

Rep. Zoe Lofgren

Paul Kiel and Olga Pierce: The Obama administration has relied on a voluntary program with few sticks, that simply offers banks incentives to modify mortgages.

Foreclosure Paperwork Scandal

Marian Wang: Though foreclosures continue to speed through courts in some states, in recent months some judges have increasingly questioned banks bringing foreclosure cases in court, forcing them to prove their legal standing to foreclose.

Los Angeles Homeowners Take to the Streets to Protest Foreclosure Abuses

peter dreier

Peter Dreier: In Los Angeles this Thursday, members of the Alliance of Californians for Community Empowerment (ACCE) — a statewide community organizing group — will sponsor a demonstration at a major bank that will include civil disobedience and probably arrests.

Ahead of Congressional Hearings, Robo-Signer Scrutiny Spreads

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Marian Wang: Several recent reports about robo-signers have brought fresh attention to another angle of the foreclosure scandal: Robo-signing didn’t just occur in the foreclosure process. It also occurred in the processing of mortgage assignments.

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