The Nigerian Internet scheme is so well known, it’s become a joke. But now, variations of that scam are targeting the housing market, snagging unwary home sellers and buyers with a mix of pathos and pressure on marketplace sites like Craigslist and eBay. Fraud...
In recent posts we’ve been talking about the ongoing lawsuits involving several leading banks and charges that they rigged LIBOR rates, with implications not just for international investing, but also for mortgage rates at home. But the well-publicized US District...
Score one for the big banks. Since the housing collapse, major US lenders have been under fire for a variety of fraudulent practices committed against mortgage holders, investing partners and event he federal government. With new settlements, legislation and lawsuits...
Everyone knows about the shadow inventory of foreclosed houses. But how about the zombie inventory? That’s the term coined by a January 2013 Reuters report on homes abandoned by their owners after receiving a notice of foreclosure from their bank. But here’s the...
The big players in the post- meltdown mortgage fraud scandal continue to behave badly in spite of settlements, suite and legislation. And as legal actions set in motion years ago work their ay through the courts, the nation’s large mortgage lenders continue to fight...
