I’ve read some impractical proposals, this is one from Randall Wray,
http://www.creditwritedowns.com/2010/10/bank-holiday-is-best-solution-for-epidemic-of-mortgage-fraud.html
Impractical, Stupid, Poorly Thought Out, Go Back and Do the Detailed Work |
| By: Synoia Sunday October 17, 2010 8:48 am |
34 Comments
Borrowers and Bankers Relief? Congress, No One-Sided Bailouts! |
| By: Synoia Friday October 15, 2010 5:01 pm |
Who’s going to fix this problem? The Banks? The MOTUs? The Courts or Congress? How is the consumer or voter going to benefit this time? What’s the deal we, the voters, should offer?
Foreclosure Fraud: A Scheme and Artifice to Defraud |
| By: Cynthia Kouril Wednesday October 13, 2010 7:34 am |
There has been fraud in the creation of RMBS, fraud in the collection of mortgage payments, and fraud in foreclosure to cover up the first two frauds. This is not “sloppiness” and it can’t be fixed with contract law.
Foreclosure Fraud: It’s the Tranches, Stupid |
| By: Cynthia Kouril Tuesday October 12, 2010 2:34 pm |
Your servicer can’t tell you who owns your mortgage because, right now, no one does.
Mortgage and Foreclosure Wrongdoing: AGs’ Road Map – How Mortgage Servicing Companies are Ripping off Pension Funds |
| By: Cynthia Kouril Monday September 27, 2010 4:17 pm |
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.
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