Countrywide VIP Loans Went to Key Lawmakers: Congressional Report
Countrywide VIP Loans Went to Key Lawmakers: Congressional Report
By Sam Gustin, TIME, July 6, 2012
When people ask why banking CEOs haven’t been called to account for the devastating mortgage meltdown that helped plunge the United States into the worst recession in generations, a name that invariably comes up is Angelo Mozilo, the former CEO of Countrywide Financial. On Thursday, his name surfaced again, after a Congressional committee released a report detailing how Countrywide provided sweetheart mortgage loans to powerful members of Congress. The results of the three-year Congressional investigation have renewed attention on one of the more notable influence-peddling schemes in recent memory, and could revive questions about why the well-tanned Mozilo hasn’t spent any quality-time in the slammer.
Can the States Legislate Robo-Signing Away?
By Joel Cone, Staff Writer, July 5, 2012
With the signing of the $25 billion foreclosure settlement done and over with, state officials are looking for ways to protect their citizens from future abuse of the foreclosure process.
5 Short Sale Homes Listed for More Than $1 Million
By Octavio Nuiry, Staff Writer, July 5, 2012
Short sales are on the rise nationwide in some of the country’s tonier towns, as the well-heeled are drowning in mortgage debt. Here's a list of five short sale homes listed for more than $1 million.