Posts tagged “mortgage industry”
Since Corporations Aren’t People
I’m certainly perplexed to House Minority Whip Eric Cantor‘s grammar, but I’m even more perplexed to his deep-throated full-throated defense of offending mortgage lenders. This was the slightly misnamed Cantor (by one extra syllable, and one wrong vowel), on Fox Sunday, responding to Rep. Debbie Wasserman-Schultz’s call for a nationwide moratorium on foreclosures: CANTOR: I’m [...]
Foreclosure Crisis, Take Two
There’s probably a full-fledged foreclosure crisis looming. Because the foreclosure problems faced by mortgage lenders go well beyond the issues of forgery and flawed paperwork I talked about last week. It turns out that there’s a whole other dimension to the mortgage industry’s foreclosure problems. One that smacks of poetic justice, actually. When you buy [...]
More Mortgage Industry Shenanigans
The Washington Post brings us news of the mortgage industry’s latest shenanigans: J.P. Morgan Chase, one of the nation’s leading banks, announced Wednesday that it will freeze foreclosures in about half the country because of flawed paperwork, a move that Wall Street analysts said will pressure the rest of the industry to follow suit. I’m [...]