As foreclosures mount, Florida court turns to ‘rocket docket’
FORT MYERS, Florida (CNN) — With eyes tearing, some stare off into space. Others sit quietly with an expressionless pain as they wait for the inevitable. When you are called before this court, it’s the end of the line. You are about to lose your home. This is foreclosure court in Fort Myers,...
90-Day Freeze On Foreclosures in California
Originaly by CBS13: SACRAMENTO (AP) ― California is imposing a 90-day moratorium on housing foreclosures under a new law that takes effect Monday. The law is expected to make lenders try harder to keep borrowers in their homes. Loan companies must prove they tried to modify the delinquent loans...
Bank Accused of Pushing Mortgage Deals on Blacks
Originaly By MICHAEL POWELL New York Times: As she describes it, Beth Jacobson and her fellow loan officers at Wells Fargo Bank “rode the stagecoach from hell” for a decade, systematically singling out blacks in Baltimore and suburban Maryland for high-interest subprime mortgages. These loans, Baltimore...
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