Financial Services Roundtable Joins Up With Homeowner Group to Urge Extension of Mortgage Debt Forgiveness Tax Relief

By: Thursday November 29, 2012 12:18 pm

It’s not often that the homeowner advocates at the Center for Responsible Lending and the bank lobbyists at the Financial Services Roundtable agree on anything. But they’re teaming up on urging Congress to extend the Mortgage Forgiveness Debt Relief Act, which would continue the foreclosure crisis-era policy of forgiving payment of taxes on debt forgiveness [...]

How a Lack of Financial Fraud Prosecutions Aids and Abets More Fraud

By: Thursday May 31, 2012 2:24 pm

I generally agree with Peter Henning that Eric Schneiderman’s plaintive wail for more resources for the RMBS working group, the task force looking into fraud in the mortgage securitization business, suggests that there will not be any meaningful prosecutions coming out of Washington against Wall Street. And he marshals a bunch of other evidence. [Schneiderman's] [...]

Center for Responsible Lending Offers Misguided Praise of Proposed Foreclosure Fraud Settlement

By: Tuesday January 24, 2012 12:32 pm

Over the next couple weeks, as more dribbles out about the settlement terms on the table for foreclosure fraud, you’re going to see more of the institutional groups take positions. And there are going to be some conflicts of interest in those positions. I’m not saying that’s what’s at work with this Center for Responsible [...]

Report: Foreclosure Crisis Only Half Over

By: Thursday November 17, 2011 1:59 pm

The Center for Responsible Lending has released a survey of the foreclosure crisis, and finds that we are probably only halfway through the damage. Here are the major findings of the paper: The nation is not even halfway through the foreclosure crisis. 6.4 percent of mortgages made between 2004 and 2008 have ended in foreclosure, [...]

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