Obama vetoed the odious save-the-banksters foreclosure bill. See Mr. President, it’s just not that hard to oppose the banksters. You should do it more often.
Grayson sends letter to Geithner, Bernanke demanding foreclosure freeze, warns of systemic bank failure risk
The bank failure could happen because the trusts supposedly holding the mortgages may not have legal authority to hold them or foreclose. And that could knock over a very lon chain of dominos indeed.
Economist Tom Lawler: Foreclosure-Gate: Who Will, and who should pay?
It is crystal clear that the “right” answer should be that mortgage servicers who messed up should bear all of the costs associated with their mess up.
Not without a fight, apparently. But I bet this ruling gets overturned on appeal. And it does not pass the smell test, IMHO.
Florida’s attorney general has no authority to investigate or discipline one of the state’s large foreclosure law firms, a Palm Beach County judge ruled Monday.