borrowers

Glory be! Another state is not going to sit back and allow their residents be bilked by fraudulent practices and get away with it!

$300,000,000,000.00 in funds for mortgage aid.  I hope this doesn’t get passed for several reasons.  First of all, it’s such an obvious attempt by both Democrats and Republicans to pander.  This probably wouldn’t be happening were this not an election year.

WASHINGTON - Federal authorities announced Thursday that more than 400 real estate industry players have been indicted since March — including dozens over the past two days — in nationwide crackdown on mortgage fraud that has contributed to the country’s housing crisis.
The FBI put the losses to homeowners and other borrowers who were victims in the schemes at over $1 billion.

In a study released this month by a community organization representing low- and moderate- income families, 51 states Attorneys General were rated based on "aggressive and creative" leadership in helping to address the bad apples of the housing crisis.

Home foreclosures set record in first quarter - Mortgage Mess- msnbc.com

CNN reporting some additional info on the measure to assist foreclosure victims I posted here yesterday. I tell ya, no matter what kinds of proposals our vaunted "representatives" come up with, there loopholes that leave the poor and middle class out in the cold - and in this case, literally - big enough to drive an ocean liner through.

Two former executives of a large mortgage company were arrested this week and charged with fraud.

Besides being a federal law breaker, resigned HUD chief, Alphonso Jackson, failed to respond to the looming housing crisis with effective policy and he stayed the course by encouraging legislation making