The foreclosure scandal probe is now being investigate by all 50 states: Regulators from all 50 states are launching a coordinated investigation into possibly “deceptive” and “unfair” foreclosure practices that may have illegally evicted families from their homes. A bipartisan group of state attorneys general from 49 states and financial regulators from 39 states will […]
When no matter what you do, you keep sinking. That’s the best way to sum this up: Nearly a fifth of U.S. borrowers owe more on their mortgages than their homes are currently worth – and that number is growing. 20% of American homeowners are in quicksand right now and more are stepping into it. […]
Why didn’t they start this years ago, before the collapse? The Federal Bureau of Investigation has opened criminal inquiries into 14 companies as part of a wide-ranging investigation of the troubled mortgage industry, F.B.I. officials said Tuesday. The F.B.I. said it was looking into possible accounting fraud, insider trading or other violations in connection with […]
This is turning into a daily event and makes one wonder if they aren’t trying to say “hey computers aren’t safe”: Equipment containing the names and Social Security numbers of about 1.3 million Texas Guaranteed Student Loan Corp. borrowers has disappeared, company officials said. There was no evidence the information had been misused, but Texas […]