Republicans Run From Cliven Bundy After Slavery Statements

By: Friday April 25, 2014 11:40 am

It was not so long ago that Cliven Bundy was a conservative hero for organizing an armed posse to defend his right to not pay federal grazing fees, but now it seems everyone in the Republican Party and mainstream conservative movement is running the other way. After claiming African-Americans would be better off in chains, [...]

Banks Want Nevada to Change Laws Criminalizing Foreclosure Fraud

By: Monday December 17, 2012 11:06 am

One of the most successful states at restoring due process and the rule of law to the foreclosure process has been Nevada. The state put into law the simple principle that, before a bank takes someone’s home away, they must actually prove that they own the property. And if they try to fabricate that property [...]

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 [...]

Victims of Foreclosure Crisis Line Up Demographically With Core Democratic Voting Blocs

By: Friday July 20, 2012 12:22 pm

If we were to build the perfect example of an individual borrower squeezed by the foreclosure crisis, they would line up somewhat favorably with the attributes of the average voter that the Obama campaign is hoping will turn out in large numbers to put him over the top in this election. First of all, you [...]

Culinary Union May Sit Out Election Cycle in Nevada

By: Friday July 20, 2012 7:40 am

Other states like Florida and Ohio may be bigger, but Nevada and its 6 electoral votes will be key in the fall. And the race in that state, along with a couple House races and a key Senate race that could determine control of the chamber, may come down to whether the Culinary Union engages [...]

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 – [...]

Donovan Distorts Administration Housing Efforts in Nevada

By: Wednesday May 30, 2012 12:18 pm

It’s tedious to keep debunking these efforts to distort reality from housing policy officials, but it’s sadly necessary. So off into the breach again… Shaun Donovan wants the state of Nevada to know that they have made real progress on their housing collapse, and he wants them to know who’s responsible: him. Too many homeowners [...]

Polling: President Has Failed on Housing, Wall Street Accountability

By: Wednesday May 16, 2012 6:28 am

The issues of housing policy and Wall Street criminality have not appeared at the top of the agenda in the Presidential campaign, certainly not among horse race journalists. But new polling shows that this is a major challenge for the President, who is viewed as having failed on housing and foreclosure policy, and as too [...]

Schneiderman Settles Suit Against Banks for Use of MERS for Paltry $25 Million

By: Wednesday March 14, 2012 6:17 am

One of the big claims by defenders of the foreclosure fraud settlement is that it’s just a down payment on future actions. The release was narrow enough that state and federal regulators can still hold the banks accountable for their crimes. Why, even some active lawsuits were carved out to allow state AGs to pursue [...]

The Harris Claim: Side Deals and Numbers

By: Thursday February 9, 2012 11:17 am

“Attorney General Kamala D. Harris Secures $18 Billion California Commitment for Struggling Homeowners,” the headline blares. But wait: the foreclosure fraud settlement is only a total of $25 billion. Even if you believe HUD Secretary Donovan’s figures about principal reduction credits being worth more in actual principal reduction, you don’t get higher than $40 billion. [...]

49-State Foreclosure Fraud Settlement Will Be Finalized Thursday

By: Wednesday February 8, 2012 8:15 pm

Forty-nine states, every one but Oklahoma, as well as federal regulators will participate in a foreclosure fraud settlement that will release the five biggest banks (Wells Fargo, Citi, Ally/GMAC, JPMorgan Chase and Bank of America) and their mortgage servicing units from liability for robo-signing and other forms of servicer abuse, in exchange for $25 billion [...]

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