Allied Home Mortgage Is Sued Over Bad Loans By The Associated Press, Nov. 1, 2011 The federal government sued one of the nation’s largest privately held mortgage brokers on Tuesday, saying its decade-long lending practices amounted to fraud and cost the government hundreds of millions of dollars...
Critical Signs in Foreclosure Talks Wall Street Journal, April 12, 2011 Hopes are fading for a far-reaching settlement between regulators and banks over improper home foreclosures as some regulators press ahead to reach their own settlements with banks that others involved in the talks deem weak. The...
New Obama Mortgage Plan: A Backdoor Bank Bailout March 30, 2010, Wall Street Journal Today President Obama announced an expansion and modification of his Home Affordable Modification Program (HAMP). While one can debate the merits of incentives to keep unemployed families in their homes while they search...