More Servicing Horror Stories: Couple Paying Off Loan Almost Forced Into Foreclosure

By: Sunday April 8, 2012 7:40 am

We’re learning that the foreclosure fraud settlement is leading to a jump in foreclosures, as the banks feel less constrained by their document problems, secure in the knowledge that they can just buy their way out of them. And the other part of this is that, despite the settlement, the banks have not stopped the behavior that required the settlement in the first place. And here’s some more evidence of that, from yet another example of the broken servicing market.


Republicans Pounce on Solyndra Bankruptcy; Company Got Recovery Act Loans

By: Thursday September 1, 2011 8:10 am

Lots of attention is being paid to the shuttering of Solyndra, a solar company that received federal loans from the Energy Department in the Recovery Act, and took part in a visit by the President last year.

Goldman Sells Off Servicing Unit

By: Monday June 6, 2011 6:30 pm

I know it’s hard to believe, but Goldman Sachs is in some trouble. They may not ultimately see indictments of their executives or massive forced payouts of a large chunk of their profits. But the well-researched, well-described Senate Permanent Subcommittee on Investigations report, which partially covered Goldman’s lies to their clients and to Congress, could have serious consequences for the firm.

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