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New York sues banks over electronic mortgage system (Reuters)

February 4th, 2012

Reuters - New York State Attorney General Eric Schneiderman on Friday sued three major U.S. banks, accusing them of fraud for using an electronic mortgage database that resulted in deceptive and illegal practices. Read Original Post Here

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Romney focuses on Obama, Gingrich on Romney in NV (AP)

February 4th, 2012

Republican presidential candidate, former House Speaker Newt Gingrich speaks at Stoney's Rockin Country, Friday, Feb. 3, 2012, in Las Vegas, Nev.  (AP Photo/Evan Vucci)AP - A confident Mitt Romney accused President Barack Obama of failing to do enough to create jobs as he campaigned Friday ahead of GOP presidential caucuses this weekend in a state with sky-high unemployment and foreclosure rates. Newt Gingrich, who is fighting for a respectable showing here, rolled out a fresh line of criticism by comparing the former Massachusetts governor to Obama.

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Romney focuses on Obama, Gingrich on Romney in NV (AP)

February 4th, 2012

Republican presidential candidate, former House Speaker Newt Gingrich speaks at Stoney's Rockin Country, Friday, Feb. 3, 2012, in Las Vegas, Nev.  (AP Photo/Evan Vucci)AP - A confident Mitt Romney accused President Barack Obama of failing to do enough to create jobs as he campaigned Friday ahead of GOP presidential caucuses this weekend in a state with sky-high unemployment and foreclosure rates. Newt Gingrich, who is fighting for a respectable showing here, rolled out a fresh line of criticism by comparing the former Massachusetts governor to Obama.

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NY's Schneiderman sues banks in foreclosure effort (AP)

February 4th, 2012

AP - New York’s attorney general on Friday accused some of the nation’s largest banks of deceit and fraud in using an electronic mortgage registry that he said puts homeowners at a disadvantage in foreclosures while saving banks over $2 billion. Read Original Post Here

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New York sues banks over electronic mortgage system (Reuters)

February 4th, 2012

Reuters - New York State Attorney General Eric Schneiderman on Friday sued three major U.S. banks, accusing them of fraud for using an electronic mortgage database that resulted in deceptive and illegal practices. Read Original Post Here

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Goldman to face mortgage debt class-action lawsuit (Reuters)

February 4th, 2012

Reuters - Goldman Sachs Group Inc was ordered by a federal judge to face a securities class-action lawsuit accusing it of defrauding investors about a 2006 offering of securities backed by risky mortgage loans from a now-defunct lender. Read Original Post Here

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NY's Schneiderman sues banks in foreclosure effort (AP)

February 4th, 2012

AP - New York’s attorney general on Friday accused some of the nation’s largest banks of deceit and fraud in using an electronic mortgage registry that he said puts homeowners at a disadvantage in foreclosures while saving banks over $2 billion. Read Original Post Here

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Analysis: Obstacles high for more mortgage prosecutions (Reuters)

February 3rd, 2012

Reuters - Despite the determination of President Obama to take Wall Street to court for the financial crisis, prosecutors face an uphill struggle to win more convictions like the two they scored on Wednesday against former Credit Suisse Group AG mortgage traders. Read Original Post Here

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Analysis: Obstacles high for more mortgage prosecutions (Reuters)

February 3rd, 2012

Reuters - Despite the determination of President Obama to take Wall Street to court for the financial crisis, prosecutors face an uphill struggle to win more convictions like the two they scored on Wednesday against former Credit Suisse Group AG mortgage traders. Read Original Post Here

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Homebuilders see stable housing market ahead (AP)

February 3rd, 2012

AP - The CEOs of some of the nation’s biggest homebuilding companies said Thursday that they feel the housing market has stabilized. Read Original Post Here

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