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Abigail Caplovitz Field: The Mortgage Settlement Allows Banks to Steal Without Penalty

The consent agreements the bailed-out bankers (B.O.B.s), the feds and the states are largely as had been promised. One big surprise, however, is that the B.O.B.s would now be allowed to systematically overcharge borrowers and steal their homes. Seriously.
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Large Bank Mortgage Cartels and Fed Economists

Business & Finance : Zero Hedge (2 years ago)

Jesse Eisinger has a great artice in the NYT, “After Bailout, Giants Allowed to Dominate the Mortgage Business,” which says a great deal about how the Fed looks at the economic world. Allow me to expand on Jesse’s work. The problem ... Read Post

After March 2, Reverse Mortgage Borrowers Will Have to Prove They Are Not Deadbeats

Business & Finance : Huffington Post: Business Blog (1 hour ago)

One of the attractive features of the HECM reverse mortgage has been that there are no income or credit requirements. All homeowners 62 and older who live in their homes without a mortgage have been eligible, and those with mortgage... Read Post

Abigail Caplovitz Field: There's No Bank 'Settlement' -- That Was All Election PR

Business & Finance : Huffington Post: Business Blog (3 years ago)

What are "Agreements in Principle"? Everyone in the know knows there's no deal yet, just promises from the ever-so-trustworthy bankers and the Feds that cater to them. Read Post


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