The Mortgage Settlement Lets Banks Systematically Overcharge You And Wrongly Take Your Home REALITY CHECK By Abigail Caplovitz Field
On my first read through of the consent agreements the bailed-out bankers (B.O.Bs), the Feds and the States I saw much as had been promised. One thing I hadn’t seen coming, however, was that the B.O.Bs would now be allowed to systematically overcharge borrowers and steal their homes. Seriously. Who cares about $1 million or $5 million penalties if horrible damage can be inflicted without punishment?
To see what I’m talking about, you need to look at Exhibit E-1.
Foreclosure Fraud Settlement Docs (I): Ally’s Side Deal FDL By: David Dayen
Foreclosure Fraud Settlement Docs (II): Giving Homes to Charity as a Penalty FDL By: David Dayen
Foreclosure Fraud Settlement Docs (III): “Internal Review Group” FDL By: David Dayen
Foreclosure Fraud Settlement Docs (IV): Association of Mortgage Investors Planning to Challenge in Court
FDL By: David Dayen