Obama Administration Officials Side with Bankers Against the Middle Class

By: Thursday March 17, 2011 5:36 pm

Why does the Obama administration take the side of the banks against the middle class? Look at the officials he hires and listens to: they sold out long ago, and now are nothing but jello when they face their potential employers.


FHA Commissioner David Stevens Cannot Serve Two Masters: Fire Him Immediately

By: Tuesday March 15, 2011 2:45 pm

Why doesn’t President Obama fire David Stevens and terminate his health insurance?

Administration Foreclosure Relief Programs Plagued By Broken Servicers

By: Saturday March 12, 2011 7:00 pm

Friday, the House voted to terminate the FHA Refinance Program by a vote of 256-171. This is one of a number of upcoming votes in the House to eliminate foreclosure mitigation programs. Only one Republican, Joe Heck of Nevada, whose district features one of the worst foreclosure crises in the nation, voted to retain the program. 18 Democrats went along with termination.

Indiana Court Case: Servicer Contractually Bound to Federal Servicing Guidelines

By: Friday December 31, 2010 8:15 am

Even though the Treasury Department isn’t sanctioning servicers for their failure to comply with HAMP guidelines, it looks like in some cases, the courts could. In a case in the Indiana Court of Appeals, a foreclosure case was reversed for essentially one reason — failing to follow FHA guidelines when proceeding to foreclosure, guidelines which aren’t substantially different from HAMP guidelines.

Donovan on Foreclosure Fraud: “The Federal Government Is Moving Comprehensively and Quickly” – Really?

By: Friday October 22, 2010 8:55 am

Well over a million homes have been foreclosed on since the government began its review of the foreclosure process. At some point in that time, the government determined that certain servicers were not complying with federal rules about modifications.

So why are we just hearing about it now after those million families have lost their homes?

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