Final QM Rule Should Include Strong Protection from Lawsuits

Glen Corso and Pete Mills, American Banker The Consumer Financial Protection Bureau is working to finalize the definition of a Qualified Mortgage under the forthcoming ability-to-pay regulations. These regulations will have profound implications for the entire U.S. residential mortgage market. In order to ensure consumers have wide access to affordable mortgage credit, the final QM rule must […]

FHFA Puppet Master Caught Lying To Congress About Write Downs

Fannie Mae backed principal reductions, internal documents show Jim Puzzanghera, LA Times Fannie Mae officials supported principal reductions for some struggling homeowners in 2009 and believed they would save taxpayer money, but a pilot program set to start a year later was abruptly canceled apparently for ideological reasons, according to internal documents obtained by two House Democrats. […]

Libertarian Candidate Wants To Make Robo-signing Campaign Issue

James Mosher, Norwich Bulletin “Fraudulent” foreclosure documents are being used widely to force people from their homes and the issue needs to be addressed in this fall’s political campaign, says Dan Reale, chairman of the Libertarian Party of Connecticut and candidate for Congress in Connecticut’s 2nd District. Documents containing “robosigning” are “obvious forgeries,” according to […]

Florida Barbie Wants Know How You Want Her To Spend Her Monopoly Money

Bondi wants input on spending $300 million in foreclosure cash Kim Miller, Palm Beach Post Attorney General Pam Bondi is giving Floridians until May 14 to submit suggestions on how to spend $300 million that was part of the nationwide attorneys general settlement with banks announced in February. Florida got a total of about $8.4 billion […]

More Proof That Florida HOAs Are Run by Wannabe Hitlers

Homeowners association rents home it doesn’t own Shannon Behnken, Tampa Tribune Joanne McCarn owns her home, but her homeowners association has taken it over and calls the sheriff’s office if she comes near the property. What’s more, the Bridgewater Community Association evicted her tenant, changed the locks and moved in its own renter. “This is […]

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