Why Isn’t The Detroit Emergency Financial Manager Fighting The Banks Like This Alabama County? JPMorgan Chase agreed to forgive $842 million of debt owed by Jefferson County, Alabama. The new agreement follows a $722 million settlement in 2009 with the U.S. SEC related to the Jefferson County financing. So why isn’t the Detroit Emergency Financial […]
Michigan GOP Sponsored Foreclosure Bills Would Cost Banks Money & Would Not Speed Up Foreclosures As I wrote about last week, the Michigan GOP dominated Michigan Legislature is using legislation written by the Michigan Bankers Association and lobbyists representing foreclosure mill operator David Trott to shorten Michigan’s post Sheriff’s Sale redemption period from six months […]
DOJ Says Dethroned Boy Kingpin Of Detroit Strip Clubs Committed Fraud Attorneys for the U.S. Attorney’s Office allege Bilal Haidar now 27, lied about having a job and bank account on a mortgage application for nearly $742,000. The FBI says Haidar lied on the mortgage application in 2006 for the house he wanted to purchase the Detroit […]
Reagan Appointed Federal Judge Upholds MERS Tax Dodging Scheme In Michigan On Friday, Judge Robert Holmes Bell dismissed Ingham County Register of Deeds Curtis Hertel’s lawsuit seeking unpaid Michigan Real Estate Transfer Taxes on property being transferred in and out of Fannie Mae, Freddie Mac with the use of the MERS database system. Holmes ruled […]
Mortgage Settlement Is Garbage Last year, when the 49-state AG mortgage agreement with the banks was signed, corporate media praised it, Obama almost broke out his happy feet and mortgage activists celebrated with tears of joy as if it was their favorite contestant won American Idol. But buried deep below all the hoopla from the […]
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