Delaware Attorney General Beau Biden has settled his lawsuit with Mortgage Electronic Registration Systems, or MERS. This is one of the lawsuits that was preserved in the aftermath of the foreclosure fraud settlement. To date, none of those lawsuits which were preserved have produced very much in the way of tangible success.
|By: David Dayen Friday July 13, 2012 12:09 pm|
|By: David Dayen Wednesday May 16, 2012 11:20 am|
The polling showing that voters hold negative opinions of the President’s performance in housing policy and Wall Street accountability suggests that Americans have a hungering for a much tougher policy on these issues and will reward candidates who reflect that, according to the pollster who did the survey.
|By: David Dayen Tuesday February 7, 2012 8:45 am|
The deadline for state Attorneys General to sign on to the foreclosure fraud settlement came and went yesterday, and the major holdouts – the Justice Democrats, the AGs from the five states who have objected to the settlement all along (Nevada, New York, California, Delaware, and Massachusetts), still aren’t signed on. And they’re still objecting, or at least bargaining.
|By: ghostof911 Monday February 6, 2012 7:15 pm|
Occupy Delaware made its march to Spencer Plaza in the heart of downtown Wilmington, Delaware on November 6, 2011. It pitched its first tents on November 10, 2011. With the help of the ACLU, it secured its right to remain in the Plaza by taking its case to Chancery Court where judge Vice Chancellor Sam Glasscock III issued a restraining order against the City of Wilmington on behalf of the protesters. In an effort to avoid a court case involving First Amendment freedom of speech issues that it mostly likely would have lost, the City then offered the protesters a deal, which in effect gives Occupy Delaware the right to remain as an encampment in Spencer Plaza as long as it chooses.
|By: David Dayen Wednesday February 1, 2012 4:21 pm|
In his statement on the Administration’s new housing policies, CFPB Director Richard Cordray makes a fairly stunning response, considering it’s posted at the White House blog: “Documents were falsified,” which means criminal fraud. That raises concerns about how broad is the release from criminal liability contained in the proposed settlement.
|By: David Dayen Thursday January 26, 2012 8:25 am|
First, let’s talk about the settlement. The good news here is that the Justice Democrats aren’t jumping off the boat just yet. Delaware’s Beau Biden reaffirmed his stance against the settlement because he wanted to pursue his own investigations. And California’s Kamala Harris reiterated her stance last night.
|By: David Dayen Tuesday January 24, 2012 10:00 am|
The New York Times describes the foreclosure fraud settlement in terms of inches. They say that a deal is “closer,” but they give little evidence to back that up. In fact, there’s more evidence here that the key AGs involved, who did not personally attend Monday’s session in Chicago with Shaun Donovan and other Administration officials, aren’t too keen on the terms.
|By: David Dayen Sunday October 30, 2011 1:00 pm|
I’ve ignored the past few breathless reports about an imminent settlement by state Attorneys General and the big banks over foreclosure fraud, because we’ve been hearing the same talk about a settlement for over a year now, and because several states have already dropped out of the talks. But that doesn’t mean a bad settlement with the remaining states may not be inked, one that would indemnify the banks from state-level prosecution for a series of crimes at practically all stages of the mortgage process, in exchange for a relative pittance.
|By: David Dayen Thursday October 27, 2011 1:00 pm|
New York Attorney General Eric Schneiderman has received a lot of the headlines for his no-holds-barred investigations against the banks, but he’s had a partner in Delaware’s Beau Biden. Because New York and Delaware were where most of the securitization trusts were originated, having a united front on this issue of fraud is vital, and despite the family ties with the White House, Biden has been uncompromising. His latest salvo is a lawsuit against MERS, the electronic registry owned and funded by the banks, which they used to evade the public land transfer system and save money on county recorder fees.
|By: Teddy Partridge Sunday October 9, 2011 8:01 pm|
Having the President of the United States in their corner, publicly and resolutely stating that the “stuff” banks did “wasn’t necessarily illegal,” may not give a great deal of aid and comfort to middle-class Americans who saw their real estate wealth evaporate. It may not comfort folks illegally evicted from their homes, or those illegally foreclosed upon.
Obama’s words must comfort the comfortable most of all.