Tag Archives: california attorney general

California’s Attorney General Increasingly Active On Mortgage Fraud

You’re getting a lot of attempts at committing mortgage fraud these days because the stakes are huge and the odds of getting caught are small. The odds of getting caught are not low because of lack of attention from California’s … Continue reading

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Political Investigations Widen Into Mortgage Backed Securities

Politicians from both parties, though mainly the Democrats, are eager to lay the blame for the housing crash at the feet of Wall Street and the banks. Investors bought mortgage-backed securities without really knowing what they were getting into. Risky … Continue reading

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CA’s Mortgage Fraud Strike Force

California’s Attorney General is eager to marshal all the weapons at her disposal to crack down on mortgage fraud. California has been particularly hard hit by mortgage scammers and by the housing crash. Subprime mortgages were particularly popular in California … Continue reading

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State AGs Develop Mortgage Probes

Five years after the beginning of the housing crash, state Attorney Generals are investigating if laws were broken. They’re particularly interested in if laws were broken in the securitization of mortgages. The WSJ reports: California Attorney General Kamala D. Harris … Continue reading

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Politicians Still Eager To Blame Banks For The Mortgage Meltdown

I don’t hear many politicians talk about their responsibility for the housing crash. What about the lowered lending standards they pushed through for blacks and latinos? What about forcing banks to lend money to people who are not credit worthy? … Continue reading

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Yisroel Pensack: Ballot Measure to Overhaul California’s Tax System Receives Clearance to Collect Voter Petition Signatures

The proponent of a constitutional amendment that would overhaul California’s tax system by abolishing or reducing taxes on earned incomes, commerce and industry has received authorization from state officials to solicit signatures needed to place the measure on next November’s … Continue reading

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Three Arrests In An Alleged Foreclosure Scam

Expect a lot more arrests in these types of scams. Cracking down on predatory lenders is all the rage with law enforcement, politicians and the general public. No response yet from those arrested. From the Los Angeles Times: The California … Continue reading

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States Reach Deal With Countrywide

From SFgate.com: The pact stems from cases filed earlier this year by California and other states, alleging Countrywide, based in Calabasas (Los Angeles County), used misleading advertising and unfair business practices to dupe customers into taking out home loans they … Continue reading

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CA Sues Countrywide

LOS ANGELES (AP) — Countrywide Financial Corp. is accused of using misleading advertising and other unfair business practices to trick borrowers into taking on risky home loans they didn’t fully understand in a lawsuit filed Wednesday by the California attorney … Continue reading

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