Four articles on foreclosure via Occupy Fights Foreclosures
Last edited Sun Sep 9, 2012, 05:55 PM - Edit history (1)
4 banks pushed to OK foreclosure deal
http://www.sfgate.com/business/article/4-banks-pushed-to-OK-foreclosure-deal-3848965.php
MORTGAGES
Smaller banks pushed to OK foreclosure deal
U.S. state attorneys general are pressing four banks to accept a legal settlement over botched foreclosures similar to a deal reached with larger competitors this year, according to three people briefed on the matter.
U.S. Bancorp, PNC Financial Services Group, SunTrust Banks and HSBC Holdings have held talks with state and federal officials who investigated claims that loan servicers mishandled foreclosure documents, according to the people, who spoke on condition of anonymity because the talks are private.
State attorneys general began an investigation of mortgage servicers in October 2010 after reports that practices including "robosigning" had led to improper foreclosures. The probe led to a settlement in February among the five biggest servicers - JPMorgan Chase, Citigroup, Wells Fargo, Bank of America and Ally Financial - and 49 states and the federal government.
(End of article)
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Kamala Harris Has Usefully Poor Memory of How Mortgage Settlement Was Spent
http://reason.com/blog/2012/09/06/kamala-harris-has-usefully-poor-memory-o
When it comes to sensible housing policies, don’t we all, as a nation, turn toward the direction of California and nod at all the wisdom the Golden State has to share about home ownership?
No? Well tough. The Democratic National Convention for some reason selected California Attorney General Kamala Harris to speak Wednesday night about “leadership” in the midst of our housing crisis:
(More at the link)
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Foreclosure moratorium needed as Bank of America gets ongoing federal bailout
http://www.workers.org/2012/08/29/foreclosure-moratorium-needed-as-bank-of-america-gets-ongoing-federal-bailout/
The nationalization of the U.S. mortgage industry by the federal government — a takeover implemented by the Democrats and Republicans to bail out Bank of America and other banks at the expense of homeowners and their communities — opens the door for activists to demand a reversal of these anti-people policies.
The first step in stopping the massive, ongoing foreclosure crisis is to demand that President Barack Obama immediately declare a moratorium to stop all foreclosures and foreclosure-related evictions, and then move to implement a plan to reduce the amount owed on the 11.1 million homes currently underwater to reflect their real value.
(More at the link.)
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Homeowners, advocates want bank reps jailed for foreclosure fraud
http://www.cbsatlanta.com/story/19465592/homeowners-advocates-want-bank-reps-jailed-for-foreclosure-fraud
ATLANTA (CBS ATLANTA) -
Homeowners and anti-foreclosure advocates are calling for bank officials and foreclosure attorneys to be criminally investigated and jailed for using fraudulent documents to force families from their homes.
Despite settling claims of foreclosure fraud with the U.S. Justice Department and 49 states, no bank official has been held criminally responsible for the submitted false documents in untold thousands of foreclosure proceedings.
"It makes mafia's organized crime look like fifth-grade math," said Patrick Powell of Cumming.
(Video and more text at the link.)