Disorganization at Banks Causing Mistaken Foreclosures

Paul Kiel, ProPublica: "Millions of homeowners face losing their homes in the continuing foreclosure crisis, but homeowners often have more than the struggling economy and slumping house prices to worry about: Disorganization within the big banks that service mortgages has made a bad problem worse."

http://www.truthout.org/disorganization-banks-causing-mistaken-foreclosures59183

--------

Break Up the Banks: By the Numbers
http://act.commondreams.org/go/503?akid=50.124981.j4hPeS&t=26

--------

Shadow Inventory

A "Lost Decade" Ahead For Housing

By Mike Whitney

"The U.S. government's massive share of the nation's mortgage market grew even larger during the first quarter. Government-related entities backed 96.5% of all home loans during the first quarter, up from 90% in 2009, according to Inside Mortgage Finance.

http://www.informationclearinghouse.info/article25402.htm



Chase's Foreclosure Disgrace

Here's the problem with the Obama Administration's approach to foreclosure prevention: it depends entirely on the banks voluntarily doing the right thing, even when homeowners have held up their end of the bargain to prevent a foreclosure.

http://www.thenation.com/article/chases-foreclosure-disgrace


From Information Clearing House



http://freepage.twoday.net/search?q=Obama
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