Thursday - May 24, 2012 - ForeclosureGate Gazette
Content
This Edition Of The ForeclosureGate Gazette Contains Active Links
ACADEMIA
ADVERSARIES
ADVOCATES
BLOGOSPHERE
LEGAL
LEGISLATE
OP-ED
HOMEOWNERS NEWS
ForeclosureGate Is A Public Service Homeowner Coalition and Cooperative, Created To Exchange News And Information And To Advance Justice For American Homeowners
THURSDAY MAY 24
Fighting Foreclosure Together Some Occupiers just want the banks to act more reasonably; others want to abolish capitalism. Most cruise to meetings on two wheels; others hate bike lanes. In Minneapolis, as in places across the United States, Occupy Our Homes has brought union members, anarchists, lawyers, grassroots organizers, democrats and veterans all under the same roof, united by a common goal of saving homeowners from eviction and full neighborhoods from displacement…. Lawyers prey on foreclosure-facing homeowners in San Fernando Valley and beyond Suspecting fraud, the Van Nuys resident hired a lawyer to sort things out. That only made things worse. The attorney told her there was indeed fraud, and promised to sue the bank and get her a new loan. She paid him $8,000 upfront and he advised her to stop making her mortgage payments while the matter was being pursued in court….
2012
CA AG Kamala Harris Rejects Governor Brown’s Attempt to Raid Foreclosure Fraud Settlement Funds California Attorney General Kamala Harris has responded to Jerry Brown’s bid to raid foreclosure fraud settlement funds through the back door by zeroing out the state support for the programs she has slated for the money to go….
Of Course Foreclosure Settlement Money Isn't Going to People With Foreclosures Foreclosed-upon homeowners who thought their state governments would deliver on promises to help victims of alleged foreclosure abuse may not get their bailout. As The New York Times reports, funds from the settlement between state attorneys general and five banks that the AGs claimed would deliver "as much as $25 billion in relief to distressed borrowers" are going elsewhere….
Scrutiny over allegations of inflated home prices In June 2006, Antioch residents Stacey and Darren Nash received an enticing letter in the mail from Discovery Builders. The one-page flier from the Seeno Homes company exclaimed, "NEW INCENTIVE ALERT!!!!" For the Nashes, that promotion led to the promise of a $100,000 incentive that would make their dream home affordable, according to their 2008 lawsuit….
Beware of 'Skin In The Game' Home Price Predictions For nearly two years, I have been warning in my articles posted on BUSINESS INSIDER that there is no housing bottom in sight. I’ve been correct. Yet one analyst after another has been proclaiming that the housing bottom is finally here. This is nonsense! Many of these "experts" have skin in the game and hope to lure you back into the market….
Housing Data Disappoint ... Again So the latest housing number is kind of bad: 654,000 new units were started in March, 5.8 percent below the revised February numbers. Economists surveyed by Bloomberg were expecting something considerably higher. The median estimate of the 82 who ventured a guess was 705,000. Even the lowball forecast, 670,000, was too high….
So far, U.S. regulators have reacted passively to such moves Form must follow function. For financial regulation to be effective, it should focus on economic function, rather than legal form. If it doesn’t, institutions will quickly find new forms that free them of regulatory constraints. What walks like a duck and quacks like a duck must be regulated as a duck, even if it is legally a goose….
ACADEMIA
ADVERSARIES
ADVOCATES
BLOGOSPHERE
LEGAL
LEGISLATE
OP-ED
HOMEOWNERS NEWS
ForeclosureGate Is A Public Service Homeowner Coalition and Cooperative, Created To Exchange News And Information And To Advance Justice For American Homeowners
THURSDAY MAY 24
Fighting Foreclosure Together Some Occupiers just want the banks to act more reasonably; others want to abolish capitalism. Most cruise to meetings on two wheels; others hate bike lanes. In Minneapolis, as in places across the United States, Occupy Our Homes has brought union members, anarchists, lawyers, grassroots organizers, democrats and veterans all under the same roof, united by a common goal of saving homeowners from eviction and full neighborhoods from displacement…. Lawyers prey on foreclosure-facing homeowners in San Fernando Valley and beyond Suspecting fraud, the Van Nuys resident hired a lawyer to sort things out. That only made things worse. The attorney told her there was indeed fraud, and promised to sue the bank and get her a new loan. She paid him $8,000 upfront and he advised her to stop making her mortgage payments while the matter was being pursued in court….
2012
CA AG Kamala Harris Rejects Governor Brown’s Attempt to Raid Foreclosure Fraud Settlement Funds California Attorney General Kamala Harris has responded to Jerry Brown’s bid to raid foreclosure fraud settlement funds through the back door by zeroing out the state support for the programs she has slated for the money to go….
Of Course Foreclosure Settlement Money Isn't Going to People With Foreclosures Foreclosed-upon homeowners who thought their state governments would deliver on promises to help victims of alleged foreclosure abuse may not get their bailout. As The New York Times reports, funds from the settlement between state attorneys general and five banks that the AGs claimed would deliver "as much as $25 billion in relief to distressed borrowers" are going elsewhere….
Scrutiny over allegations of inflated home prices In June 2006, Antioch residents Stacey and Darren Nash received an enticing letter in the mail from Discovery Builders. The one-page flier from the Seeno Homes company exclaimed, "NEW INCENTIVE ALERT!!!!" For the Nashes, that promotion led to the promise of a $100,000 incentive that would make their dream home affordable, according to their 2008 lawsuit….
Beware of 'Skin In The Game' Home Price Predictions For nearly two years, I have been warning in my articles posted on BUSINESS INSIDER that there is no housing bottom in sight. I’ve been correct. Yet one analyst after another has been proclaiming that the housing bottom is finally here. This is nonsense! Many of these "experts" have skin in the game and hope to lure you back into the market….
Housing Data Disappoint ... Again So the latest housing number is kind of bad: 654,000 new units were started in March, 5.8 percent below the revised February numbers. Economists surveyed by Bloomberg were expecting something considerably higher. The median estimate of the 82 who ventured a guess was 705,000. Even the lowball forecast, 670,000, was too high….
So far, U.S. regulators have reacted passively to such moves Form must follow function. For financial regulation to be effective, it should focus on economic function, rather than legal form. If it doesn’t, institutions will quickly find new forms that free them of regulatory constraints. What walks like a duck and quacks like a duck must be regulated as a duck, even if it is legally a goose….
