Tag Archives: kamala harris

Attorney Generals Bank Settlement Talks Drag On

The Obama administration plans to extort at least $20 billion from the banks to settle various government probes over inadequate paperwork processing for mortgages. Blaming the rich is the major theme from Barack Obama these days. He thinks that will … Continue reading

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New Plan Likely To Allow For Refinancing Of Underwater Mortgages

A major settlement between the Obama administration and the state attorney generals over shoddy foreclosure practices by the big banks is likely to allow tens of thousands of people with underwater mortgages to refinance. Without this special break, people who … Continue reading

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California Atty. Gen. Kamala Harris Pushed To Get Tough With Banks

I saw California Atty. Gen. Kamala Harris on the Larry King show last year debating Dennis Prager about same-sex marriage. She was unimpressive. She didn’t answer questions. She just repeated familiar talking points. Now she’s a big player in the … Continue reading

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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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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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California Launches A Mortgage Fraud Taskforce

Mortgages are particularly susceptible to fraud because they are so complicated that ordinary people don’t understand them. They don’t understand what they are signing up for. And they are vulnerable to being taken advantage of. Lenders like to keep the … Continue reading

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California Settles With Countrywide

Part of the terms of the deal include a fund to assist with mortgage modifications. Countrywide was a big name in the mortgage lending business during the first eight years of this millenia, but then they crashed and burned and … Continue reading

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