February 24, 2014
by Neil Devlin
The 2008 financial crisis cost investors, consumers and businesses alike. Sub-prime lending practices devolved into a riskier regime from their time of inception to address disproportionate ratios in racial borrowing power in the 1980s to the housing bubble of the early 2000s. The bubble was ...[read more]
January 7, 2013
by Sarah Steers
On January 7, 2011, the Massachusetts Supreme Judicial Court ruled that banks are barred from foreclosing on property if they cannot prove that, at the time the foreclosure was initiated, they were the holders of the mortgage. This decision sent bank stocks downward, on the fear that completed ...[read more]
October 21, 2010
by Andrea Bottorff
New York Chief Judge Jonathan Lippman announced Wednesday a new court rule that requires lawyers to file a separate affirmation confirming the accuracy of paperwork used in residential foreclosure cases. The new rule is effective immediately and has been added to the New York State Unified Court ...[read more]
May 1, 2009
by Ximena Marinero
A bill that would have aided homeowners in foreclosure was rejected 45-51 Thursday by the US Senate. The financial industry had lobbied heavily against the proposed legislation that had come to be known as the cramdown bill for a provision that would have allowed bankruptcy judges to mo... ...[read more]

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