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Why the Foreclosure Mess Settlement Proposal Can’t Fix the Damage

by | Mar 18, 2011 | Towing

State attorneys general and federal regulators are rushing to settle the robo-signing foreclosure mess created by the banks and get the real estate market back on its feet. But their proposals don’t fully address the one of the…

Foreclosure Fraud in Maryland: Banks’ Lawyers Accused of Forging 1,000+ Deeds

by | Mar 9, 2011 | Towing

As if we needed more proof of the outlaw actions of banks and their agents, The Baltimore Sun reports that 1,000 or more Maryland deeds are likely forgeries created by a foreclosure mill. If the accusation is true, the false de…

The Mortgage Mess Settlement Proposal: Off to an Awful Start

by | Mar 7, 2011 | Towing

A partial settlement plan has been constructed by a group of state attorneys general and federal regulators. In theory, it addresses banks’ flawed mortgage servicing, modification and foreclosure practices. In reality, it just …

What Do HSBC’s Foreclosure Moratorium and Robo-Signing Claims Really Mean?

by | Mar 4, 2011 | Towing

HSBC announced late last month that it had put all of its U.S. foreclosures on hold to review their documents — back in December. So why are its lawyers still pushing cases ahead? HSBC also says it doesn’t robo-sign. So why do…

Justice Denied: Why Countrywide Chief Fraudster Mozilo Isn’t Going to Prison

by | Feb 23, 2011 | Towing

Nope, Angelo Mozilo won’t be serving time, no matter what the evidence shows. In fact, he won’t even face a trial. Wondering how the most convictable CEO among the titans who brought down the financial system is getting off so …

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