Category Archives: mortgage crisis

Morning Awful: Freddie Mac

Posted on January 31, 2012 by Matt Osborne

Share the post “Morning Awful: Freddie Mac”FacebookTwitterGoogle+PinterestLinkedInDiggStumbleUponE-mailPrivatized in 1968, Freddie Mac was late to the subprime game. Its status as a “government sponsored entity” gave it a certain chip on the shoulder about profitability — so it bought in big, … Continue reading →

Posted in financial crisis, financial regulation, Morning Awful, mortgage crisis, Obama's Wars | Tagged freddie mad, gses | Leave a comment

Morning Awful: Predatory Lending

Posted on July 28, 2011 by Matt Osborne

Share the post “Morning Awful: Predatory Lending”FacebookTwitterGoogle+PinterestLinkedInDiggStumbleUponE-mailRemember when the mortgage meltdown was blamed on ACORN and minorities taking out bad loans? This is why we need a Consumer Finance Protection Bureau: Wells Fargo & Co. (WFC), the biggest U.S. home … Continue reading →

Posted in financial crisis, Morning Awful, mortgage crisis | Tagged banks, consumer rights, lawsuit, predatory lending, racial bias, Wells Fargo | Leave a comment

Housing Bubble Finally Losing Air?

Posted on March 28, 2011 by Matt Osborne

Share the post “Housing Bubble Finally Losing Air?”FacebookTwitterGoogle+PinterestLinkedInDiggStumbleUponE-mailYou would think the housing market had hit bottom in 2008 or 2009. But you would be wrong. The Wall Street Journal reports: Sales of new homes hit another record low in February, … Continue reading →

Posted in Civilization, mortgage crisis | Tagged cities, development, housing, urban | Leave a comment

Brownback Mountain

Posted on May 13, 2010 by Matt Osborne

Share the post “Brownback Mountain”FacebookTwitterGoogle+PinterestLinkedInDiggStumbleUponE-mail The Senate voted yesterday to stop incentivizing mortgage fraud. Mortgage brokers and loan officers will no longer earn more for sticking a higher interest rate in the fine print, and they have to prove you … Continue reading →

Posted in Financial Reform, financial regulation, mortgage crisis, Sam Brownback, veterans issues | Leave a comment

Trembling Titans Of Wall Street?

Posted on April 14, 2010 by Matt Osborne

Share the post “Trembling Titans Of Wall Street?”FacebookTwitterGoogle+PinterestLinkedInDiggStumbleUponE-mailIt seems the banks are suddenly rethinking their approach to the mortgage crisis. BOA and Citigroup now agree that judges should be able to fix a mortgage in bankruptcy court. Nasiripour reports: In … Continue reading →

Posted in fiasco, financial crisis, Financial Derivatives, financial meltdown, mortgage crisis | 1 Comment

Fault For The Meltdown

Posted on December 22, 2009 by Matt Osborne

Share the post “Fault For The Meltdown”FacebookTwitterGoogle+PinterestLinkedInDiggStumbleUponE-mailEver since the mortgage bubble burst in September of 2008, the right has spread the idea that it was all because ACORN twisted the arms of bankers until they gave loans to unqualified minorities. … Continue reading →

Posted in financial meltdown, Huffington Post, mortgage crisis | Leave a comment

Show Me The Paperwork

Posted on October 26, 2009 by Matt Osborne

Share the post “Show Me The Paperwork”FacebookTwitterGoogle+PinterestLinkedInDiggStumbleUponE-mailThe homeowner tactic of fighting foreclosure by requiring banks to present mortgage documents to a court is gaining traction. The New York Times reports that a $461,263 mortgage debt has been wiped out by … Continue reading →

Posted in financial crisis, mortgage crisis | 1 Comment

MSM Misses MERS Mortgage Mess

Posted on September 23, 2009 by Matt Osborne

Share the post “MSM Misses MERS Mortgage Mess”FacebookTwitterGoogle+PinterestLinkedInDiggStumbleUponE-mailRemember just yesterday we were talking about Americans fighting foreclosure — and winning — because the banks were so sloppy with vital paperwork? Both Matt Taibbi and Barry Ritzholtz are on a major … Continue reading →

Posted in financial crisis, mortgage crisis, Print is Dead | 2 Comments

Show Me The Paperwork

Posted on September 22, 2009 by Matt Osborne

Share the post “Show Me The Paperwork”FacebookTwitterGoogle+PinterestLinkedInDiggStumbleUponE-mailRemember all those stories about the Wild West-style free-for-all that went on in the mortgage broker industry? If you don’t, and have an hour, click here. If not, then just take my word for … Continue reading →

Posted in financial crisis, mortgage crisis | Leave a comment

Americans Are Fighting Foreclosure

Posted on September 6, 2009 by Matt Osborne

Share the post “Americans Are Fighting Foreclosure”FacebookTwitterGoogle+PinterestLinkedInDiggStumbleUponE-mailAnd they’re doing it the old-fashioned way: they’re asking the banks to prove they have a case. All too often, the banks don’t even have the right paperwork. Arthur Delaney over at HuffPo: Several … Continue reading →

Posted in financial meltdown, financial regulation, mortgage crisis | Leave a comment