By Eugene S. Melchionne, Connecticut Consumer Attorney on May 5, 2008 in Foreclosure News, Subprime Mortgages | 1 Comment
It’s no secret that the current economic troubles were brought about by the bursting housing bubble. Professor Robert Shiller of Yale University performed a study of housing prices from the 1890’s to the present and found that the bubble was much larger than previously thought. The New York Times published an extensive article […]
Popularity: 29% [?]
By Jay Fleischman, New York Consumer Attorney on May 5, 2008 in Featured, Foreclosure News, Mortgage Lender Fraud, Mortgage Broker Fraud, Predatory Lending | 0 Comments
According to the New York Times, the Federal Bureau of Investigation and the criminal division of the Internal Revenue Service have formed a task force to examine mortgages that were made with little or no proof of the earnings or assets of borrowers. Federal prosecutors in New York, Los Angeles, Philadelphia, Dallas and Atlanta […]
Popularity: 41% [?]
By Kent Anderson, Oregon Bankruptcy Attorney on May 5, 2008 in Foreclosure News, Subprime Mortgages, Predatory Lending | 0 Comments
For some homeowners who refinanced their homes in those heady days when home prices were increasing daily and loans were available to nearly anyone who could fog a mirror, a day of reckoning has arrived. Many of the loans sold to borrowers with questionable credit or limited ability to make payments are of a type […]
Popularity: 37% [?]
