March 23, 2017

Whoa, An Actual Addmission of Guilt | Justice Department Reaches Lending Discrimination Settlement with GFI Mortgage Bankers Inc.

“As part of the settlement, GFI admits that an analysis of the note interest rates and fees … [Read more...]

Cramdown and the Cost of Mortgage Credit

Joshua Goodman at the Harvard Kennedy School and I have a new paper out examining the impact of … [Read more...]

Zywicki’s Interchange Settlement Balderdash

I was really hoping that I would be able to go at least a year without having to call Todd Zywicki … [Read more...]

No Income? No Job? No Assets? Chase Offers No Doc Refis, Principal Reduction

“Chase is taking a proactive approach to helping homeowners. We are automatically reducing … [Read more...]

As Libor Fault-Finding Grows, It Is Now Every Bank for Itself

As Libor Fault-Finding Grows, It Is Now Every Bank for Itself Major banks, which often band together … [Read more...]

As Libor Fault-Finding Grows, It Is Now Every Bank for Itself

As Libor Fault-Finding Grows, It Is Now Every Bank for Itself Major banks, which often band together … [Read more...]

As Libor Fault-Finding Grows, It Is Now Every Bank for Itself

As Libor Fault-Finding Grows, It Is Now Every Bank for Itself Major banks, which often band together … [Read more...]

Barclays Case Opens a Window on Wall St.

The British, at Least, Are Getting Tough THE unfolding story of how Barclays — and, in all … [Read more...]

Charles Ferguson (Inside Job) | Banking Is a Criminal Industry Because Its Crimes Go Unpunished

Banking Is a Criminal Industry Because Its Crimes Go Unpunished Consider just this month’s … [Read more...]

Speak Up if You Were a Victim of Wells Fargo Mortgage Discrimination

Speak up if you were a victim of Wells Fargo mortgage discrimination Local homeowners may be able to … [Read more...]

Three Central Banks Surprise… Desperation in Three Part Harmony

  Yesterday, the New York Times reported that in a single hour three central banks… one in … [Read more...]

How Do You Take Your Catastrophe? Um, just a little at a time, please… with two Splendas.

  We really are, in large part anyway, a nation of petty, self-absorbed, badly behaved … [Read more...]

How Do You Take Your Catastrophe? Um, just a little at a time, please… with two Splendas.

  We really are, in large part anyway, a nation of petty, self-absorbed, badly behaved … [Read more...]

NY Times | How Banks Could Return the Favor to Governments

How Banks Could Return the Favor LIKE millions of homeowners, shrewd state and local governments are … [Read more...]

What does the collapse in US Treasury Bond interest rates really portend?

It was the biggest story of the week… at least among the financial geeks. What’s that, … [Read more...]

Frank & Brian in Arizona for Spring Training: Think… Not, Work… Not.

  Look, I like Frank and Brian of Think Big/Work Small… I really do.  A lot.  In fact, I … [Read more...]

Bias v. Wells Fargo, JPMorgan Chase, et al | Homebuyers Sue in RICO Class Action

SAN FRANCISCO (CN) – Wells Fargo Bank and J.P. Morgan Chase charge homebuyers who go into … [Read more...]

IndyMac | Financial Finger-Pointing Turns to Regulators

Financial Finger-Pointing Turns to Regulators In the whodunit of the financial crisis, Wall Street … [Read more...]

Helping Big Banks Help Themselves…To Your Money! (VIDEO)

We see it all over America: one part of town has bank branches and another part of town has payday … [Read more...]

What Shall We Tell Our Children, Mr. President?

Reposted from last November because I felt like it… It’s 4:00 AM.  I couldn’t … [Read more...]

Americans are Innumerate and Broke

And not just the ones I tell stories about from my clinical law teaching.  Some of our readers have … [Read more...]

FOR THE FATHERS

Re-posted from last year by special request, and because it’s Fathers’ Day! I’m a … [Read more...]

Earth to Bankers, Earth to Bankers… Your Planet is Dying, You Must Evacuate, It’s Time to Come Home.

Okay, this is becoming positively surreal.  Yves Smith at Naked Capitalism calls it “Banker … [Read more...]

The Most Damaging Propaganda Campaign in History. And its Aimed at You and Me

Originally posted in October 2010… Re-posted at request of readers. When I think of the most … [Read more...]

Geithner Won’t Quit in Battle Over Elizabeth Warren – WE NEED YOU NOW!

The Wall Street Journal has come out with a story that may signal the end of the road for Elizabeth … [Read more...]

The Problem With Amerika- One in Ten Homes With Mortgages in Foreclosure

I suspect this number is low, and if you factor in the number of homes that are struggling or who … [Read more...]

QE2 Leaves Port, Bernanke Takes Leave of Senses

Okay, so you’ve heard that Federal Reserve Chairman, Ben Bernanke is at it again… he’s doing some … [Read more...]

First Premier Bank Credit Cards… Now at 79.9% Interest! Thank you, Mr. President.

Here’s something you don’t see every day: A credit card with a $75 dollar annual fee, a $300 limit, … [Read more...]

Home loan demand hits highest since late May

U.S. mortgage applications jumped last week to their highest since late May as interest rates … [Read more...]

U.S. mortgage applications rise as rates plunge

U.S. mortgage applications rose last week, largely reflecting a jump in demand for home refinancing … [Read more...]

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