Given the existence of a large and still for the most part very well remunerated mortgage industrial complex, it is...]]> Sun, 19 Feb 2012 20:47:00 +0000 http://www.shamethebanks.org/mortgages-in-the-news/pushback-on-the-san-francisco-city-assessor-recorder-foreclosure-audit-credit-slips http://www.shamethebanks.org/mortgages-in-the-news/pushback-on-the-san-francisco-city-assessor-recorder-foreclosure-audit-credit-slips

Not surprisingly, there's been some attempts to downplay the significance of the SF City Assessor-Recorder foreclosure audit. The attacks have...]]> Sun, 19 Feb 2012 20:28:00 +0000 http://www.shamethebanks.org/mortgages-in-the-news/nobody-committed-any-crimes-except-fraud-marketticker-forums http://www.shamethebanks.org/mortgages-in-the-news/nobody-committed-any-crimes-except-fraud-marketticker-forums

First, MBIA says it has evidence of "widespread mortgage-origination fraud" at Countrywide:

Feb 16 (Reuters) - MBIA Inc claimed it has new evidence of...]]> Sun, 19 Feb 2012 20:27:00 +0000 http://www.shamethebanks.org/mortgages-in-the-news/mortgage-fraud-local-officials-step-up-to-uncover-document-fraud http://www.shamethebanks.org/mortgages-in-the-news/mortgage-fraud-local-officials-step-up-to-uncover-document-fraud

In the absence of state and federal research about how the nation's largest mortgage companies are forging mortgage documents and...]]> Sat, 18 Feb 2012 22:04:00 +0000 http://www.shamethebanks.org/mortgages-in-the-news/mortgage-settlement-whitewash-us-taxpayers-will-pay-for-big-bank-settlement-common-dreams http://www.shamethebanks.org/mortgages-in-the-news/mortgage-settlement-whitewash-us-taxpayers-will-pay-for-big-bank-settlement-common-dreams

UPDATE: Reports in the Financial Times and elsewhere say that US taxpayers may be on the hook to bail out...]]> Sat, 18 Feb 2012 10:38:00 +0000