Consumer Law

Lawmakers hit banks, regulators on foreclosures
"Lawmakers hauled the top U.S. mortgage lenders and their regulators to Capitol Hill on Thursday to chastise them for widespread flaws in foreclosure documents, but failed to extract any promises of fines or fresh loan modification programs...

Document Flaws in Mortgage Foreclosure Process
Today's NY Times has an interesting story about how various documentation issues are creating problems in the mortgage foreclosure process. A taste: The foreclosure machinery that has forced millions of Americans out of their homes is beginning to seize up...

Banking Flaws or Flat-Out Fraud
?Foreclosure flaws? and ?banking irregularies? pepper the headlines so often now, there is danger of becoming numb to the pain these phrases reflect. An article in the New York Times reports that an audit in San Francisco found such flaws to be the rule, not the exception...

Flaws Jeopardize New Attempt to Help Homeowners
``Banking regulators this week launched the government's latest attempt to help troubled homeowners -- the Independent Foreclosure Review -- heralding it as a thorough and fair way to compensate homeowners victimized by big banks...

Review of foreclosure paperwork process finds widespread and inexcusable breakdowns, Treasury official says
An ongoing review by government regulators of foreclosure paperwork problems has found “widespread and, in our judgment, inexcusable breakdowns” in the process for seizing homes of delinquent borrowers, a top Treasury Department official said Tuesday...

Courts - "Some Judges Stiffen Foreclosure Standards"
Amir Efrati of the WSJ reports in an article now freely available that begins:A cadre of state-court judges scrutinizing foreclosure actions in a string of recent rulings have discovered flaws in documents that borrowers may be able to use to...

How to Stop Home Foreclosure
Bankruptcy can Stop Foreclosure

Bank Website Security
New Report Finds Widespread Flaws

LA Wildfires
Bring Widespread Destruction

GMAC Faces Class Action over Foreclosure Abuses
GMAC Faces Foreclosure Abuses Class Action

Bank of America Faces Class Action over Mortgage Foreclosure Practices
Bank of America Faces Class Action over Mortgage Foreclosure Practices

Class Action Filed Against Banks in Foreclosure Proceedings
Class Action Filed Against Banks in Foreclosure Proceedings

Countrywide Financial Corp.
allegedly charged borrowers improper foreclosure fees.