Category Archives: Takings Clause

Is Foreclosure Settlement Déjà Vu All Over Again?

Today, the Attorneys General of 49 states (with Oklahoma being the lone holdout) announced a record $26 billion settlement with the nation’s five largest servicers over false and fraudulent foreclosure practices like robosigning.  That big number looks great on paper, … Continue reading

Posted in allocation of loss, Attorneys General, bailout, banks, BofA, consitutionality, contract rights, costs of the crisis, Countrywide, education, foreclosure crisis, global settlement, Government bailout, Greenwich Financial Services, Helping Families Save Homes, homeowner relief, improper documentation, incentives, investigations, investors, irresponsible lending, junior liens, lenders, liabilities, loan modifications, lobbying, MBS, media coverage, moral hazard, mortgage market, predatory lending, press, private label MBS, probes, public perceptions, Regulators, RMBS, robo-signers, securitization, Servicer Safe Harbor, servicers, settlements, sophistication, subprime, Takings Clause, The Subprime Shakeout, Way Too Big to Fail, William Frey, workouts | 13 Comments

Wikipedia Loan Modification Page Offers Concise Look at History and Current Programs, Ignores Government Failures


Warning: Illegal string offset 'wordbooker_share_button_post' in /nfs/c07/h01/mnt/112606/domains/subprimeshakeout.com/html/wp-content/plugins/wordbooker/wordbooker.php on line 1784

Warning: Illegal string offset 'wordbooker_share_button_page' in /nfs/c07/h01/mnt/112606/domains/subprimeshakeout.com/html/wp-content/plugins/wordbooker/wordbooker.php on line 1785

Warning: Illegal string offset 'wordbooker_like_button_post' in /nfs/c07/h01/mnt/112606/domains/subprimeshakeout.com/html/wp-content/plugins/wordbooker/wordbooker.php on line 1937

Warning: Illegal string offset 'wordbooker_like_button_page' in /nfs/c07/h01/mnt/112606/domains/subprimeshakeout.com/html/wp-content/plugins/wordbooker/wordbooker.php on line 1938

Warning: Illegal string offset 'wordbooker_like_button_post' in /nfs/c07/h01/mnt/112606/domains/subprimeshakeout.com/html/wp-content/plugins/wordbooker/wordbooker.php on line 1856

Warning: Illegal string offset 'wordbooker_like_button_page' in /nfs/c07/h01/mnt/112606/domains/subprimeshakeout.com/html/wp-content/plugins/wordbooker/wordbooker.php on line 1857

Warning: Illegal string offset 'wordbooker_share_button_post' in /nfs/c07/h01/mnt/112606/domains/subprimeshakeout.com/html/wp-content/plugins/wordbooker/wordbooker.php on line 1784

Warning: Illegal string offset 'wordbooker_share_button_page' in /nfs/c07/h01/mnt/112606/domains/subprimeshakeout.com/html/wp-content/plugins/wordbooker/wordbooker.php on line 1785

Warning: Illegal string offset 'wordbooker_like_button_post' in /nfs/c07/h01/mnt/112606/domains/subprimeshakeout.com/html/wp-content/plugins/wordbooker/wordbooker.php on line 1937

Warning: Illegal string offset 'wordbooker_like_button_page' in /nfs/c07/h01/mnt/112606/domains/subprimeshakeout.com/html/wp-content/plugins/wordbooker/wordbooker.php on line 1938

Warning: Illegal string offset 'wordbooker_like_button_post' in /nfs/c07/h01/mnt/112606/domains/subprimeshakeout.com/html/wp-content/plugins/wordbooker/wordbooker.php on line 1856

Warning: Illegal string offset 'wordbooker_like_button_page' in /nfs/c07/h01/mnt/112606/domains/subprimeshakeout.com/html/wp-content/plugins/wordbooker/wordbooker.php on line 1857

I get frequent questions about loan modifications and resources for learning more about available programs. Those interested in learning more about this subject at the heart of the current financial crisis should start with the Wikipedia page entitled “Loan Modification … Continue reading

Posted in banks, Helping Families Save Homes, HOLC, Hope For Homeowners, incentives, loan modifications, Michael Barr, reflexive tactics, securitization, Takings Clause, TARP, Wikipedia | Leave a comment

Countrywide Files Motion to Dismiss in Greenwich Financial Case


Warning: Illegal string offset 'wordbooker_share_button_post' in /nfs/c07/h01/mnt/112606/domains/subprimeshakeout.com/html/wp-content/plugins/wordbooker/wordbooker.php on line 1784

Warning: Illegal string offset 'wordbooker_share_button_page' in /nfs/c07/h01/mnt/112606/domains/subprimeshakeout.com/html/wp-content/plugins/wordbooker/wordbooker.php on line 1785

Warning: Illegal string offset 'wordbooker_like_button_post' in /nfs/c07/h01/mnt/112606/domains/subprimeshakeout.com/html/wp-content/plugins/wordbooker/wordbooker.php on line 1937

Warning: Illegal string offset 'wordbooker_like_button_page' in /nfs/c07/h01/mnt/112606/domains/subprimeshakeout.com/html/wp-content/plugins/wordbooker/wordbooker.php on line 1938

Warning: Illegal string offset 'wordbooker_like_button_post' in /nfs/c07/h01/mnt/112606/domains/subprimeshakeout.com/html/wp-content/plugins/wordbooker/wordbooker.php on line 1856

Warning: Illegal string offset 'wordbooker_like_button_page' in /nfs/c07/h01/mnt/112606/domains/subprimeshakeout.com/html/wp-content/plugins/wordbooker/wordbooker.php on line 1857

Warning: Illegal string offset 'wordbooker_share_button_post' in /nfs/c07/h01/mnt/112606/domains/subprimeshakeout.com/html/wp-content/plugins/wordbooker/wordbooker.php on line 1784

Warning: Illegal string offset 'wordbooker_share_button_page' in /nfs/c07/h01/mnt/112606/domains/subprimeshakeout.com/html/wp-content/plugins/wordbooker/wordbooker.php on line 1785

Warning: Illegal string offset 'wordbooker_like_button_post' in /nfs/c07/h01/mnt/112606/domains/subprimeshakeout.com/html/wp-content/plugins/wordbooker/wordbooker.php on line 1937

Warning: Illegal string offset 'wordbooker_like_button_page' in /nfs/c07/h01/mnt/112606/domains/subprimeshakeout.com/html/wp-content/plugins/wordbooker/wordbooker.php on line 1938

Warning: Illegal string offset 'wordbooker_like_button_post' in /nfs/c07/h01/mnt/112606/domains/subprimeshakeout.com/html/wp-content/plugins/wordbooker/wordbooker.php on line 1856

Warning: Illegal string offset 'wordbooker_like_button_page' in /nfs/c07/h01/mnt/112606/domains/subprimeshakeout.com/html/wp-content/plugins/wordbooker/wordbooker.php on line 1857

With Greenwich Financial v. Countrywide having been remanded to New York state Supreme Court, Countrywide has now filed a Motion to Dismiss, arguing that Greenwich Financial’s Complaint is barred by the operative securitization agreements. As discussed in several prior posts, … Continue reading

Posted in consitutionality, Countrywide, Greenwich Financial Services, Helping Families Save Homes, HERA, loan modifications, motions to dismiss, remand, Servicer Safe Harbor, subprime, Takings Clause | Leave a comment