Central Bank Intervention: Much Ado About Nothing (tags)
class war
Are Sub-prime Mortgages Pollution? (tags)
Sub-prime mortgage lenders appear protected from homeowner and borrower plaintiffs that might allege a lender’s loan practices damaged the value of their home.
Homeowners' rallying cry: Produce the note (tags)
ZEPHYRHILLS, Fla. (AP) — Kathy Lovelace lost her job and was about to lose her house, too. But then she made a seemingly simple request of the bank: Show me the original mortgage paperwork. And just like that, the foreclosure proceedings came to a standstill.
Will Bailout Minimize FBI Investigation Who Might Have Sold Fraudulent Loans/Securities? (tags)
Some lenders might have lowered their “own mortgage borrowers’ home values” by continuing to make sup-prime loans to unqualified borrowers in their community—after having “knowledge” the community had high numbers of mortgage defaults and foreclosures.