New York Attorney General Eric Schneiderman and Massachusetts Attorney General Martha Coakley have called for Federal Housing Finance Agency head and notorious Wall Street puppet Edward DeMarco to be removed from office. In an op-ed in Politico, Schneiderman and Coakley join a long line of critics noting DeMarco’s commitment to screwing homeowners. Last week, we [...]

The foreclosure fraud settlement has been predicted as coming in “a matter of weeks” for I think about 5 months now. I don’t see it coming at all, so it’s not entirely smart to jump on every rumor of a deal or a settlement. But Shahien Nasiripour’s story about a side deal with Bank of [...]

Brady Dennis of the Washington Post brings up the spectre of moral hazard on the part of homeowners, who may not pay for their loans if they see the turmoil in the housing market and the inability of servicers to foreclose. This is one of the unintended consequences of the spreading foreclosure freeze. Although there [...]