Countrywide Investigator Fired for Doing Her Job While Rampant Fraud Was Concealed

The Whistleblower's Tale: Countrywide Investigator Fired for Doing Her Job While Rampant Fraud Was Concealed | | AlterNet
Countrywide Financial was one of the subprime lenders at the heart of the financial crisis; its predatory lending practices resulted in disgustingly large payouts for executives while sticking low-income borrowers with explosive mortgages they hadn't a hope of paying back. The New York Times' Gretchen Morgenson called Countrywide, “Exhibit A for the lax and, until recently, highly lucrative lending that has turned a once-hot business ice cold and has touched off a housing crisis of historic proportions.”

Rick Jacobs: How the Big Banks Lost and Homeowners Won in California

Rick Jacobs: How the Big Banks Lost and Homeowners Won in California
On July 2, the California Legislature passed a package of laws known as the Homeowner Bill of Rights (HBOR) which began to put homeowners on a more level playing field with banks. The legislation, once signed by Governor Jerry Brown, could positively impact over 700,000 homeowners who are in the "foreclosure" pipeline. It's a BFD for California, but it may well be a BFD for the rest of the country.

Massachusetts AG Lawsuit: Five Major U.S. Banks Accused Of Deceptive Foreclosure Practices

Massachusetts AG Lawsuit: Five Major U.S. Banks Accused Of Deceptive Foreclosure Practices