Federal Reserve, Regulators Arguing for More, Quicker Foreclosures

By: Wednesday June 27, 2012 4:15 pm

The Federal Reserve has decided to put their thumbs on the scales of justice, explicitly attempting to overturn state-based anti-foreclosure laws on the spurious grounds that requiring foreclosures to meet due process standards hurts the economy.

 

Hard Times in California for Bank Accountability

By: Thursday May 31, 2012 8:00 am

California’s efforts to create a better environment for foreclosure victims have begun to fade. $410 million from the foreclosure fraud settlement that was supposed to go into counseling and legal services was instead diverted to pay for a state budget shortfall. While this has angered the legal aid community, with the enormity of the budget problem in the state, it’s unlikely that will be reversed.

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