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Controversial Book On Obama Appears To Have Lifted Key Quote
Foreclosures
Our Year of Zombie Politics
By James Grady - Politics DailyWait: Even in politics, 2010 was the year of zombies? Sure, the hot new wonky tome "Zombie Economics" tells how "dead" economic theories walk among us to shape our paychecks, and sure, zombies lumber out of our TVs almost no matter what channel we click to, and sure, my fellow fantasy prose-slingers are flinging new novels about the undead at the dust of Stephen King and George Romero, but zombies as a metaphor for 2010's politics? Come on! What happened to vampires? Vampires are a great political metaphor! Bloodsuckers. Say no more. But zombies? Who are they in America's 2010 ...
Panel Warns of Nightmare Scenarios for Housing Crisis
By Joseph Schuman - AOL News
(Nov. 16) -- The "robo-signing" scandal at the heart of the current foreclosure crisis may be just the tip of a legal iceberg that threatens to destabilize the American financial system just as the government is least equipped to support it. That's the judgment of the Congressional Oversight Panel, the watchdog agency created to keep an eye on the Troubled Asset Relief Program, or TARP. And it's the first official warning from anyone in the government that banks' problematic servicing of foreclosures could obscure and possibly evolve into troubles on a global scale. "At this point the ...
Ignore Your Inner Cynic and Vote on Tuesday
By Donna Trussell - Politics Daily"Tribute to Her," uploaded to the Internet on Nov. 7, 2008, is a slideshow of Election Day photographs. YouTube member SailorBrownie described her post as a "dedication to all those Black Americans who went out on Tuesday and voted. We made history." While it's not altogether clear who is the "Her" in the title of the video, it might as well be the woman collapsed on the floor in tears. A girl nearby touches her cheek with a little confusion and a lot tenderness for the woman who is, most likely, her mother. The pictures are set to the Beatles song, "Blackbird" -- a good choice, considering ...
Obama on 'The Daily Show' -- or Was It 'House of Wax'?
By Robert and Donna Trussell - Politics DailyFollow the Trussell cartoons on Twitter at ChaosTheoryPD ...
Wells Fargo Erred in Thousands of Foreclosure Cases
By not in system - AOL NewsWASHINGTON (Oct. 27) -- Wells Fargo admitted Wednesday it made mistakes in the paperwork for thousands of foreclosure cases and promised to fix them. The San Francisco-based bank said it plans to refile documents in 55,000 of the cases by mid-November. The company said not all those cases included errors but didn't say how many thousands did. Wells Fargo described the mistakes as technical and said it has no plans to halt the foreclosure process, though filing new paperwork will cause some delays. "We don't believe that there are instances in which the foreclosures would not have occurred ...
Federal Foreclosure Review Findings Due Next Month, Bernanke Says
By Christopher Weber - Politics DailyFederal banking agencies have been reviewing foreclosure procedures at mortgage servicers across the country and will present the findings next month, Ben Bernanke said Monday. Speaking about the ongoing foreclosure fiasco, the Federal Reserve chairman said he was concerned about the growing number of reported irregularities in mortgage practices at a number of large financial institutions, CNNMoney reported. "We are looking intensively at the firms' policies, procedures and internal controls related to foreclosures and seeking to determine whether systematic weaknesses are leading to ...
Could Foreclosure Fiasco Harm the Recovery? You Can Bet the House on It.
By Joann M. Weiner - Politics DailyHalloween is still 10 days off, but the housing market has been rocked by horror stories for weeks: tales of mortgage servicers who rubber-stamped documents approving foreclosure without reading them, robo-signers who handled 10,000 cases a month, affidavits that were signed and backdated with no notary present, homeowners who had been evicted from their homes and are now breaking back in, electronic mortgage registration systems that didn't keep track of who owned the mortgage notes, law firms that acted as foreclosure mills, and judges who have threatened to charge loan servicers with fraud ...
HUD Chief: White House Won't Tolerate 'Business as Usual' in Mortgage Market
By Alex Wagner - Politics DailySpeaking to the controversy surrounding possibly illegal foreclosures, Secretary of Housing and Urban Development Shaun Donovan said Wednesday that the White House would "not tolerate business as usual in the mortgage market." Donovan said the results of an ongoing, multiagency review had found "significant differences" in the performance of mortgage lenders, but that the Federal Housing Agency (FHA) had not yet found any evidence of "systemic issues," in the foreclosure market. Asserting that the Obama administration was "committed" to resolving issues surrounding the mortgage market, ...
Resuming Foreclosures: Banks Well Suited to the Task
By Bonnie Goldstein - Politics DailyBank of America announced Monday that having completed due diligence the banking giant will henceforth resume evictions and foreclosures in 23 states as part of its efforts to collect mortgage debts. The end of the bank's moratorium signaled the first of the big mortgage holders (GMAC soon followed) to get back to business after recent court decisions over record-keeping shortcuts (plus state and federal attorney general sword-rattling), threatened to stall an already glacial economic recovery. Foreclosure is the bad nightmare version of the American home ownership dream. Since there is no ...
Banks to Underwater Homeowners: Don't Get Comfy
By Robert and Donna Trussell - Politics DailyFollow the Trussell cartoons on Twitter at ChaosTheoryPD ...
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