Ahead Of Brennan Hearing Obama Releases Drone Memos

By: Thursday February 7, 2013 5:54 am

Just ahead of today’s CIA director confirmation hearing President Obama has ordered the release of memos that were written by his administration to justify the killing of American citizens without due process. The White House on Wednesday directed the Justice Department to release to the two Congressional Intelligence Committees classified documents discussing the legal justification [...]

United Nations To Investigate U.S Drone Assassination Program

By: Friday January 25, 2013 9:14 am

Given that Congress has decided to let the President kill people – including American citizens – without any due process it seems once again America will only face its problems due to outside pressure. A United Nations expert has launched an investigation of drone attacks and targeted killings, scrutinizing a deeply controversial tool in the [...]

Lack of a “Foreclosure Wave” Determined By Banks

By: Friday November 30, 2012 6:13 am

Here’s a pretty jerky victory lap clearly planted by the mortgage lending industry, with the boastful title “Foreclosure Wave Averted as Doomsayers Defied.” Let’s hear this out for a second. When banks pulled back on foreclosures two years ago following a government investigation into allegations of faulty practices, market researchers, academics and Wall Street analysts [...]

The Anti-Due Process Bias of Housing Reporters and Analysts

By: Monday November 19, 2012 7:50 am

Existing-home sales rose 2.1% in October, with the number coming in slightly above expectations, although the previous month’s numbers were revised down. Inventory has decreased 21% year-over-year (in no small part due to structural factors like trapped borrowers not putting their houses on the market, as well as artificial constraints on supply from banks keeping [...]

“Bad News” and Housing

By: Monday July 9, 2012 11:37 am

I think that any housing reporter or analyst is disqualified from talking about the market if they claim that judicial foreclosure states are “hampering” the recovery. Because what they’re really saying here – quite openly – is that due process is bad for business. That’s what Bill McBride says right here, when distilling some data [...]

California Passes Significant Protections Against Illegal Foreclosure Processes

By: Tuesday July 3, 2012 6:00 am

Pressured by a coalition of activists and state Attorney General Kamala Harris, the California legislature completed a months-long project yesterday to significantly improve its foreclosure process.  The measure gives homeowners a new right to sue over fraudulent practices, ends dual tracking – where servicers process foreclosures while negotiating loan modifications – and extends a single [...]

Federal Reserve, Regulators Arguing for More, Quicker Foreclosures

By: Wednesday June 27, 2012 12:44 pm

The Federal Reserve has decided to put their thumbs on the scales of justice, explicitly attempting to overturn state-based anti-foreclosure laws on the spurious grounds that they hurt the economy. This story by Tim Reid in Reuters cites the Fed arguing against the kind of laws in states like Nevada – and soon, California – [...]

Massachusetts, Florida Look to Wrap Up Foreclosure Due Process

By: Thursday March 1, 2012 7:07 am

As much as state and federal officials want to describe the foreclosure fraud settlement as a beginning, in many respects it was most certainly an ending. Analysts invested in the meme that “uncertainty” was crippling the housing market now are heavily invested in saying that the clearing of this uncertainty through the settlement will speed [...]

State Foreclosure Fraud Investigation Includes 49 Attorneys General (Now 50)

By: Wednesday October 13, 2010 10:23 am

When talk of a joint investigation by state Attorneys General began, the thinking was that 40 states would be involved in the probe. Now, we’ve learned that every state but Alabama will be involved in the investigation, and even they’re sending a financial regulatory to participate in it, along with regulators from 38 other states. [...]

Florida Rocket Docket Reveals Need for Moratorium

By: Wednesday October 13, 2010 7:50 am

If you still think that a world without foreclosures is like a world without sunshine, and that a moratorium would be CATASTROPHIC!!!, you need to take a look at what’s been happening in Florida. The state, with its major housing crash, has become the hub of foreclosure fraud, with the state government making an effort [...]

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