East LA Family, Occupy LA Fight Home Foreclosure

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Dan Bluemel: At the request of a homeowner under foreclosure, occupiers have barricaded themselves inside another home. They hope to stave off eviction and force an amicable arrangement with the mortgage lender.

California Primary Election: Most Boring Ever

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Randy Shaw: Expect a record percentage of absentee votes next week, which might lead to calls to make June contests vote by mail only.

Occupy Fights Foreclosures Forces Bank of America to Rescind LA Foreclosure

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Cheryl Aichele: Occupy Fights Foreclosures won the home back of an LA homeowner whose home Bank of America fraudulently foreclosed on and sold, even after dutiful payments on a temporary loan modification were made for over a year.

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

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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.

Fighting Foreclosures: Compassion in Action

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Matt Ward: Nationwide, the Occupy movement’s defense of foreclosed homes and individuals is an embodiment of the compassion espoused by the history’s greatest prophets and philosophers.

Kamala Harris: Foreclosure Settlement Scores Points, Raises Questions

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Sharon Kyle: Kamala Harris’ broad smile and “down home” style was gobbled up by the crowd as members of the African American Caucus listened and showed support for their Attorney General.

California Attorney General Kamala Harris Agrees to Monumental Settlement

Kamala Harris

Sharon Kyle: Kamala Harris emphasized the need to continue to chip away at the forces behind this crisis, stating that she and her team have instituted a Mortgage Fraud Strike Force which has been created to protect innocent homeowners and bring to justice those who defraud them.

Foreclosures 101 – Part 1

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Kwazi Nkrumah: For years the banks, real estate agents and investors in real estate securities on Wall Street were making money hand-over-fist. They did all this while pretending to break from their previous established history of gross discrimination and red-lining against the disproportionately non-white borrowers whose limited financial resources forced them into “sub-prime” status in the first place.

Wells Fargo Meets Occupy: Where There’s Smoke There’s Smoke?

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Dick Price: Occupiers expressed satisfaction that their concerns had been heard by Wells Fargo leaders, but frustration that little concrete action had been taken and no promises made for future steps.

California AG Kamala Harris Standing Firm Against Foreclosure Settlement

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Sharon Kyle: Kamala Harris standing firm on decision to reject bank settlement that could garner the state $15 billion but would release bank liability.

Will Obama Administration Now Go After Massive Mortgage Banking Frauds?

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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

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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.

Why We Shouldn’t be Selling the Right to Live in America

america for sale

Robert Reich: The visa-for-home swap proposal also comes at exactly the same time the nation is actively closing its doors to foreigners who aren’t wealthy. Is this what America is all about?

The Revolution Will Be Livestreamed

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Lauren Steiner: Since the mainstream media, even MSNBC, is owned by large corporations representing the top 1%, we cannot count on them to serve as the check on government that our Founders intended the press to be.

Nevada Wallops Bank of America With Sweeping Suit

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Paul Kiel: Nevada’s action signals that the banks’ problems with home mortgages—the main cause of the financial crisis—continue to burden them and rattle investors.

Where Have All the Jobs Gone?

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Judith Stein: If President Obama wants the United States to manufacture again, he must change foreign and domestic priorities. The United States is more committed to maintaining its open market than to providing jobs for Americans.

“The Arab Awakening”

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Scott Prosterman: Now, it’s time for Barak Obama to direct the American military and intelligence resources to work with other nations to take Qadaffi down and out once and for all.

Faith Predators: Looting the American Dream

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Sikivu Hutchinson: The solipsism of the prosperity gospel as vehicle for commodity capitalism mires African-American communities in an endless spiral of dependence on the supernatural.

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

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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.

Banks Face New Rules on Foreclosures from Skeptical State Judges

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Marian Wang: As banks resume foreclosures and claim to have added safeguards to their processes, it’s been left up to state court judges to decide whether they buy what the banks are saying. Many judges haven’t.

The Republican Recipe for An Anemic Economy Through Election Day 2012

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Robert Reich: The real message from voters was “Fix this stinking economy.” But Republicans have no intention of doing so. With Republicans in control of the House, forget spending increases or tax cuts to stimulate the economy.

Republican Economics as Social Darwinism

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Robert Reich: John Boehner, the Republican House leader who will become Speaker if Democrats lose control of the House in the upcoming midterms, recently offered his solution to the current economic crisis: “Liquidate labor, liquidate stocks, liquidate the farmer, liquidate real estate. It will purge the rottenness out of the system. People will work harder, lead a more moral life.”

Is There a Plan for Longtime Residents in the Master Plan for University Park?

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Diane Lefer: According to Uriarte, speculators aren’t just driving out longtime residents but taking advantage of the students, too. “Where a family used to rent a house, or apartments used to be rented as one-bedroom or two-bedroom, now the property-owners rent by the bed.”

Blacks Prison and Unemployment

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Sherwood Ross: Slumlords charge exorbitant rents. “Convenience” stores charge higher prices. Military recruiters have their pick of jobless youth desperate for work. And the for-profit, private prisons increase their head count (and income) as the judicial system hands off the young drug peddlers caught in the legal web. As the Kaiser Family Foundation reported, African-Americans fill 40 percent of the nation’s prison cells. Yet they make up just 13 percent of the nation’s population.

They Don’t Call ’Em Landlords for Nothin’

Photo: Kenny Muir

hough you may have accidentally become noble…well, at least, you can vote…the next time you’re writing your rent check remember this: You’re still paying the lord to live on his land and you’re still the villain.

Save $1 Billion in Five Years—End the Death Penalty in California

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In the market for a prime piece of real estate? Governor Schwarzenegger has the deal for you! Facing a $21.3 Billion budget deficit in California, Schwarzenegger has offered to sell state-owned property to make up the difference. The crown jewel of the proposed fire sale is San Quentin State Prison, home to California’s death row [...]

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