Posts tagged foreclosure crisis

• Senator Dodd: V.I.P.

  Paul Kiesel | June 18, 2008 7:42 PM | 4 CommentsLos Angeles, CA Category: Miscellaneous
  

  Senator Chris Dodd said Tuesday that he was aware that Countrywide Financial had assigned him to a V.I.P. program in 2003 (the beginning of the subprime boom) when he refinanced his mortgages on his...

• California Senate Passes Key Mortgage Bill

  Paul Kiesel | July 03, 2008 5:57 PM | 1 CommentLos Angeles, CA Category: Miscellaneous
  

  The California Senate passed the first major bill that is designed to help prevent more home foreclosures and it is being sent to the governor. Gov. Schwarzenegger is expected to sign the measure...

• California and Illinois AGs Sue Countrywide Over Mortgage Loans, Borrowers Misled

  Paul Kiesel | June 25, 2008 3:22 PM | 1 CommentLos Angeles, CA Category: Miscellaneous
  

  California Attorney General Jerry Brown filed a complaint today in Los Angeles state court claiming that Countrywide Chief Executive Officer Angelo Mozilo and a unit specializing in loans to...

• Lucrative Fees More Attractive to Loan Servicers than Modifications

  Paul Kiesel | August 04, 2009 4:21 PM | 0 CommentsLos Angeles, CA Category: Miscellaneous
  

  From The New York Times: This week, the Obama administration summoned mortgage company executives to Washington to demand they move faster to lower payments for homeowners sliding toward...

• Reuters: Microsoft Warns of Financial Crisis E-mail Scams

  Paul Kiesel | October 29, 2008 3:58 PM | 0 CommentsLos Angeles, CA Category: Miscellaneous
  

  Loan modification scams are becoming more prevalent as most of the nation, along with nefarious scam artists, is aware of the $700 billion financial bailout that was passed weeks ago. Congress and...

• Freddie Mac Boss Ignored Foreclosure, Housing Crisis Warnings

  Paul Kiesel | August 05, 2008 3:17 PM | 0 CommentsLos Angeles, CA Category: Miscellaneous
  

  Richard F. Syron, the chief executive of Freddie Mac, rejected internal warnings that, according to the New York Times, "Could have protected the company from some of the financial crises now engulfing it."

• Center for Responsible Lending Foresaw Foreclosure Crisis Back in 2006, Greenspan and Bush Officials Largely Ignored Group's Findings

  Paul Kiesel | July 28, 2008 6:08 PM | 0 CommentsLos Angeles, CA Category: Miscellaneous
  

  Below is an article from HousingWire.com, written back in December, 2006. The article clearly states that "billions of dollars" will be lost and that the then looming foreclosure crisis will be "one...

• 75% of Americans and a Growing Number of Republicans Blame Bush for Failed Economic Policies, Foreclosure Crisis

  Paul Kiesel | June 26, 2008 7:33 PM | 0 CommentsLos Angeles, CA Category: Miscellaneous
  

  There has been a sharp increase in economic pessimism over the last year, and three out of four Americans blame President Bush for ushering in one of the more turbulent economic periods,...

• States to Help Rescue Homeowners from Foreclosures

  Paul Kiesel | June 23, 2008 3:45 PM | 0 CommentsLos Angeles, CA Category: Miscellaneous
  

  As Congress continues to talk about providing a federal response to the foreclosure crisis, which has been going on for almost a year, attorneys general, like New York Attorney General Andrew Cuomo,...

• Bush to Veto Foreclosure Rescue Bill

  Paul Kiesel | June 20, 2008 6:42 PM | 0 CommentsLos Angeles, CA Category: Miscellaneous
  

  President Bush has repeatedly said that he would veto any House or Senate housing bill/ foreclosure package that helps out lenders and/or speculators. Of course, it's interesting he continues to say...