On AlterNet: mortgage

Stories, blog posts, and videos tagged as "mortgage"

7 Foreclosure Horror Stories (And One Possible Win)

Sarah Jaffe, AlterNet. May 9, 2012.

Around the country, families are being tossed out of their homes with astonishing regularity, with local law enforcement enlisted to do the bidding of big banks.

84 Percent of San Francisco Foreclosures Fraudulent--Why are Bankers Still Getting Away with Crimes?

Kai Wright, ColorLines. February 19, 2012.

Someone broke the financial system, and evidence that the break was willful is now piled as high as banking execs’ bonuses.

Fraud and Folly: The Untold Story of General Electric's Subprime Debacle

Michael Hudson, The Center for Public Integrity. January 6, 2012.

The industrial giant jumped into the subprime business in 2004, lending blue-chip respectability to the market for risky home loans.

Debtor's Revolution: Are Debt Strikes Another Possible Tactic in the Fight Against the Big Banks?

Sarah Jaffe, AlterNet. November 3, 2011.

What does it mean to stop cooperating with the banks? Some activists, organizers, and technologists think the answer might be mass refusal to pay debts.

10.4 Million American Families Slide Toward Losing Their Homes -- Is It Time for Debt Forgiveness?

William Greider, The Nation. October 28, 2011.

Wages are stagnant or falling. Foreclosures are tearing through communities, and falling home prices are destroying family equity. It's like a reverse New Deal.

8 Things You Should Know About the New Lawsuit Against the Banks That Torpedoed the Economy

Sarah Jaffe, AlterNet. September 6, 2011.

The FHFA filed lawsuits last Friday alleging nearly $200 billion in fraud by the nation's biggest banks. Could this be the beginning of accountability for the banksters?

4 Desperate Ways the Hardest Hit Are Coping with Economic Crisis

Rania Khalek, AlterNet. August 18, 2011.

People have to make difficult choices during tough economic times. Here are four frightening ways people are coping with the ongoing recession.

92% of Foreclosures in New York Lack Proper Documents -- Banks Booting People Without Proof?

Sarah Jaffe, AlterNet. August 15, 2011.

There's a staggering amount of bad paperwork in citywide foreclosures -- not just in New York, but around the country.

Mortgage Company Bailed Out By Taxpayers Is Caught Forging Documents to Foreclose on Them

Paul Kiel, ProPublica. August 1, 2011.

GMAC, one of the nation's largest mortgage servicers, faced a quandary last summer. It wanted to foreclose on a NYC homeowner but lacked the crucial paperwork.

7 Reasons Why the Mortgage Crisis Is Dragging Down the Entire Economy

blank blank, Blog for Our Future. March 31, 2011.

There are 8,500 foreclosure actions taken every day in this country.

America's 50 Attorneys General Have the Power to Stop the Banks from Kicking People Out of Their Homes -- Will They Use It?

Mary Bottari, Bankster USA. February 2, 2011.

How you can push the attorney generals to do the right thing.

Stocks Are Going Up, But the Value of Your House Is Dropping -- The American Economy Is Not Making a Comeback

Robert Reich, RobertReich.org. February 2, 2011.

The American economy isn’t back. While Wall Street’s bull market is making America’s rich even richer, most Americans continue to be mired in the housing crisis.

Foreclosure Fiasco Continues: The Bush-Obama Strategy of Throwing Billions at Banks Doesn't Work

Robert Scheer, Truthdig. June 27, 2009.

Americans are now $14 trillion poorer. Many who thought they were middle class have now joined the ranks of the poor.

Road to Ruin: Mortgage Fraud Scandal Brewing

Lagan Sebert, American News Project. May 12, 2009.

Former subprime lenders from Ameriquest reveal a system rife with fraud.

Watch Out for the Mortgage Vultures: Cash-Strapped Homeowners Face New Threat

Matthew Palevsky, Huffington Post. April 29, 2009.

Fraudulent schemes that prey on people who risk losing their homes are on the rise.

Stimulus Stagnation: Bipartisanship Is Sunk

Zach Carter, Media Consortium. February 3, 2009.

Lawmakers who actually care about the fate of the U.S. economy are furious.

Houses vs. Stocks: Which is Better?

The American ProspectJune 23, 2008.

Assuming you have the option...

The Mortgage Industry Fights for Its Right to Party

Howie Klein, Down With Tyranny!. April 28, 2008.

Despite failures in the market, the mortgage industry is fighting tighter regulation tooth and nail.

Beware the Credit-Industrial Complex

Susan J. Douglas, In These Times. January 7, 2008.

The subprime fiasco is just one example of how banks profit from shady practices.

Subprime Loans = Primetime for Vampire Lenders

Jim Hightower, Hightower Lowdown. August 22, 2007.

How "reputable" financial firms are using an arsenal of tricks to extract high payments from homeowners, drain their equity and steal their homes.

Subprime or Subcrime? Time To Investigate and Prosecute

Danny Schechter, MediaChannel.org. August 10, 2007.

The "subprime" credit crunch is really a sub-crime ponzi scheme in which millions of people are losing their homes because of criminal tactics by financial institutions.