GMAC – Richmond Tea Party

Wanna Know Why House Prices Skyrocketed, Then Collapsed?

Did you buy a house in good faith, at the peak of prices, only to see the value of that house collapse when the housing market collapsed? Would you like to know why house prices skyrocketed and then collapsed? Are you upside-down in your house? Maybe you are concerned about losses incurred by your retirement [...]

Bank allegedly submits false evidence in foreclosure proceedings, 10,000 times per month; Feds, apparently complicit, yawn

From WaPo Some of the nation's largest mortgage companies used a single document processor who said he signed off on foreclosures without having read the paperwork - an admission that may open the door for homeowners across the country to challenge foreclosure proceedings. As head of Ally's foreclosure document processing team, 41-year-old Jeffrey Stephan was [...]