‘Putting People Over Profits’: The Fight Against Fracking

By: Saturday July 13, 2013 5:20 pm

Pennsylvanians want to put a moratorium on fracking.

And it’s not just a few thousand, but a majority of the state’s residents.

 

Storm-Washing: The New Bank Ploy to Milk Foreclosure Relief PR In Storm-Wrecked Areas

By: Tuesday November 6, 2012 7:25 am

Ever since Superstorm Sandy, we’ve seen the phenomenon of storm-washing from our finance sector. That’s when banks decide to capitalize on the storm and generate some good PR by offering extended relief to homeowners in the storm’s path.

State-Level Efforts Seek Accountability for Foreclosure Fraud, Justice for Homeowners

By: Thursday April 12, 2012 7:13 pm

RealtyTrac data shows that judicial foreclosure states, where the integrity of the documents is most acute, experienced a spike in foreclosure filings over these three months. The non-judicial foreclosure states have seen falling filings, perhaps correlated to the falling unemployment rate, perhaps correlated to not much. The full effect of the settlement has yet to be seen.

As Bank-Imposed Foreclosure Suspensions Continue, Criminal Investigations Offer Leverage for Loan Mod Deal

By: Wednesday October 13, 2010 11:45 am

Ally Financial (the parent company of GMAC Mortgage) expanded their review of their foreclosure processes to all 50 states, the second mortgage servicer to do so after Bank of America; the Obama Administration supports the 40-state investigation by Attorneys General into foreclosure fraud.

White House Lifts Deepwater Drilling Moratorium; Landrieu Doesn’t Lift Lew Hold

By: Tuesday October 12, 2010 4:45 pm

The White House lifted its deepwater drilling moratorium today, but Mary Landrieu still won’t lift her hold on Jack Lew.

White House, Warren Back State AG Investigation of Foreclosure Fraud

By: Tuesday October 12, 2010 12:35 pm

“This problem is big and it is serious… we know that the issuers themselves are trying to get this problem solved. Right now the role is to do what we can, not just this agency which is in its infancy but the federal government generally, to gather information to try to get ahead of understanding what is going on.” –Elizabeth Warren

Democrats Continue to Pressure Lenders Toward Nationwide Foreclosure Moratorium

By: Saturday October 9, 2010 10:30 am

The smaller servicers have begun to follow the big boys, by closing up some of their foreclosure operations. Litton Loan Servicing LP, a subsidiary of Goldman Sachs, halted “some” foreclosure operations. But this vagueness is why public officials like Richard Cordray doesn’t want to leave this to internal reviews and the discretion of the lenders. We need to either put this in the hands of the courts, or put together a permanent moratorium on foreclosure operations.

Grayson Wants Foreclosure Fraud Investigated as Systemic Risk, Calls for National Moratorium

By: Thursday October 7, 2010 4:15 pm

In a letter to the Financial Stability Oversight Council, the board made up of chief regulators of the financial industry, Rep. Alan Grayson has called for a national moratorium on all foreclosures because of the systemic risk of fraudulent practices.

Reid Calls for Foreclosure Moratorium in Nevada

By: Thursday October 7, 2010 1:01 pm

Reid had to do this. Nevada is off the charts when it comes to foreclosures and negative equity. Over 70% of homeowners in the state, an amazing number, are underwater or nearly underwater. Foreclosures are higher than any other state as well, and this contributes to both the skyrocketing unemployment rate and state budget deficit.

As California Goes: Potential for Statewide Moratorium on Foreclosures Could Effectively End Them

By: Wednesday October 6, 2010 11:44 am

I think we’re close to politicians calling for a nationwide foreclosure moratorium, including in non-judicial foreclosure states. The AFL-CIO is already there. One analyst told WaPo “Right now, there’s no question we’re headed into a moratorium period.”

The tipping point could be California, the largest state in the union but also one where a judicial sign-off is not required for foreclosures.

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