There’s a huge buzz out there among homeowner activists who are feeling vindicated for the hard work they’ve done over the past couple of years and in many cases even longer. The recent news inundating the headlines of blatant fraud on the part of lenders and servicers has offered proof that their actions and fight have not been in vain.

Many liberals argue the people have not gotten the government they deserve. Morris Berman disagrees, saying that the sorry state of Washington these days is a reflection of the sorry state of the people.

An extended metaphor: Mortgages as meat, and banks & mortgage lenders as sausage makers.

Trust me — it makes sense!

This morning, judges woke up to coffee and information that I hope, will profoundly change their attitude toward the legitimacy of the legal pleadings being promulgated.

States Attorneys General need to be less concerned with investments based on RMBS and more focused on orderly cramdown mortgages with good faith mortgage modifications.

President Barack Obama’s decision to appoint Elizabeth Warren to set up the new Consumer Financial Protection Bureau (CFPB) couldn’t have come at a more critical time.

Today, GMAC mortgage announced that it is suspending evictions, short sales and resales of foreclosed homes in 23 states.

Florida hasa created a speciality court ot deal with the foreclosure backlog. However, the judges in this court seem to think it is more important to clear cases quickly than to give homeowners a fair hearing. Banks who don’t own the mortgages are winning foreclosure case.

This article I wrote tries to explain how some of the assumptions concerning housing may not be valid. I wrote this in 2009 and the topic still remains absent from any housing financial forecasts.

Here’s a potential Obama bombshell that would shake up the 2010 midterms: Main Street may be about to get its own gigantic bailout. Rumors are running wild from Washington to Wall Street that the Obama administration is about to order government-controlled lenders Fannie Mae and Freddie Mac to forgive a portion of the mortgage debt [...]