Category: Real Estate/Foreclosure
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Florida homeowners facing foreclosure catch a break in courts
By Alison Fitzgerald
Center for Public Integrity
Florida homeowners may soon find a more friendly reception in the state’s courtrooms after a state Supreme Court panel found that some judicial practices designed to speed up foreclosure cases may be improper. -
Subprime lending execs back in business five years after crash
By Daniel Wagner
Center for Public Integrity
Andy Pollock rode the last subprime mortgage wave to the top then got out as the industry collapsed and took the U.S. economy with it. Today, he’s back in business. -
Home builders lobby weakens drywall legislation
By Joaquin Sapien
ProPublica.org
Last week, federal lawmakers trumpeted the passage of the Drywall Safety Act of 2012 as a bipartisan victory for thousands of homeowners harmed by contaminated drywall. But the bill doesn’t actually set preventative standards. -
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Secret Documents Show Weak Oversight of Key Foreclosure Program
By Paul Kiel
ProPublica
The Obama administration launched its main program to prevent foreclosures in the spring of 2009 with $50 billion and abundant promises. What the Home Affordable Modification Program, or HAMP, lacked — and wouldn’t have for years — was effective oversight of the big banks that were crucial to the program’s success.
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