'Zombie' homes haunt Florida neighborhoods

By Alison Fitzgerald and Jared Bennett

Neighborhoods devastated by thousands of abandoned homes as banks fail to follow through on foreclosures.

Excerpts from this story referencing "Freddie Mac":

"… but records provided by Mainor show that Citi transferred the mortgage to Freddie Mac, the government-sponsored mortgage giant, in October 2013. “If they wan …"

Homeowners steamrolled as Florida courts clear foreclosure backlog

By Alison Fitzgerald

Why are Florida's courts rushing to clear more than 700 foreclosure cases per day?

Excerpts from this story referencing "Supreme Court":

"… have been working under explicit directions from the state Legislature and Supreme Court to get rid of old cases and clear the court dockets, largely by awarding t …"

"… “expedite foreclosure cases through the judicial process.” The state Supreme Court set a target of disposing of 256,000 foreclosure cases each year for three …"

"… ome, at best, second. “We're under a mandate from court administration, Supreme Court, to get the older cases out. Because we might lose funding for that,”&nb …"

"… urts are obligated to ensure cases don’t drag on too long. And the state Supreme Court has guidelines as to how long it should take for a case to conclude. “I …"

Subprime lending execs back in business five years after crash

By Daniel Wagner

Executives from all of the top 25 subprime lending firms are working in the mortgage business five years later.

Excerpts from this story referencing "Merrill Lynch":

"… lender whose risky loans to vulnerable consumers hastened the downfall of Merrill Lynch after the Wall Street investment bank bought it in 2006 for $1.3 bill …"

Bear Stearns mortgage executives have plum jobs on Wall Street

By Lauren Kyger and Alison Fitzgerald

Executives from the mortgage finance division that helped sink Bear Stearns have similar jobs at major Wall Street banks.

Excerpts from this story referencing "Banking":

"… Business and co-author of The Bankers’ New Clothes: What’s Wrong With Banking and What to Do About It. “It’s clear that the ones at the top got the …"

Yellen as Fed chair would be tougher on banks

By Alison Fitzgerald

Janet Yellen, President Obama’s intended nominee for Federal reserve chief, may prove to be tougher on banks.

Excerpts from this story referencing "George W. Bush":

"… said Tony Fratto, a former Treasury assistant secretary under President George W. Bush. “There’s no question that’s where the bulk of her experience is.” …"

Mel Watt enjoys close ties to financial industries

By Alison Fitzgerald

Bank leaders, PACs made prospective housing agency leader a top recipient of campaign cash.

Excerpts from this story referencing "Wells Fargo":

"… cle, the political action committees of Goldman Sachs, Bank of America and Wells Fargo each gave Watt’s campaign $10,000. Bank of America and Goldman each …"

"… of America and was home to Wachovia, until it failed and was purchased by Wells Fargo. If he’s confirmed to replace Ed DeMarco at the top of the Federal Hous …"

Top 5 super PAC donors by industry

Investing, casinos top list thanks to billionaires' donations.

Excerpts from this story referencing "Freddie Mac":

"… ts to preserve the mortgage interest deduction, restructure Fannie Mae and Freddie Mac and raise the cap for credit union lending and Fannie- and Freddie-backed …"

Daily Disclosure: Realtors spend big on California race

By Rachael Marcus

National Association of Realtors backs Rep. Brad Sherman in a big way

Excerpts from this story referencing "Freddie Mac":

"… s of interest to realtors, including disaster insurance and Fannie Mae and Freddie Mac.Sherman sponsored a bill in 2011 to amend the Flood Insurance Reform Act, …"

Bailed-out banks, Freddie Mac, AIG gave $6 million to 2008 conventions

By John Dunbar and Michael Beckel

Corporate donors to 2008 party conventions included financial institutions bailed out by government.

Excerpts from this story referencing "UPS":

"… This year, companies ranging from Coca-Cola and Wells Fargo to Xerox and UPS are working to ensure that they have a presence at both conventions.“The …"

Dissent among Republicans over defense spending

By Aaron Mehta

Grover Norquist opposes Romney plan to increase the military budget

Excerpts from this story referencing "Republican presidential candidate":

"… ntly consumes about half of the discretionary federal budget — with Republican presidential candidate Mitt Romney going in one direction and some Republican lawmakers and  …"

Report: Countrywide won influence with discounts

By The Associated Press

Subprime lender Countrywide bought influence of Washington elite with mortgage discounts

Excerpts from this story referencing "Bank of America":

"… volume of Countrywide's subprime mortgages. Countrywide was taken over by Bank of America in January 2008, relieving the financial services industry and regulators …"

"… er chairman of the Oversight Committee. Towns issued the first subpoena to Bank of America for Countrywide documents, and current Chairman Darrell Issa, R-Calif., su …"

"… re documents. The committee said that in responding to the Towns subpoena, Bank of America left out documents related to Towns' loan.—Rep. Elton Gallegly, R-Calif. …"

Watchdog groups call on Newt Gingrich to disclose all health center clients

By Fred Schulte and Joe Eaton

Public interest groups demand health center's client list

Excerpts from this story referencing "drug maker":

"… grity obtained a partial list from 2009 showing members such as Microsoft, drug maker AstraZeneca, insurance giant WellPoint, management consultant firm Booz Al …"

Raging against the foreclosure machine

By Ben Hallman

Automated foreclosure process creates errors, stifles modifications and enrages helpless homeowners

Excerpts from this story referencing "Philadelphia":

"… me last year from Judge Diane Weiss Sigmund, a federal bankruptcy judge in Philadelphia who sanctioned HSBC and its attorneys for failing to check whether compute …"

Gingrich's health center was power player in a host of Washington policy debates

By Fred Schulte and Joe Eaton

Gingrich's Center for Health Transformation was power player on host of issues

Excerpts from this story referencing "Healthcare":

"… urance giant WellPoint, management consultant firm Booz Allen Hamilton, GE Healthcare, Siemens, Allscripts, UPS, GlaxoSmithKline, Merck and the BlueCross Blue S …"

"… west that created personal health records for patients with the help of GE Healthcare. GE Healthcare, a subsidiary of General Electric, is a “platinum member …"

"… ed personal health records for patients with the help of GE Healthcare. GE Healthcare, a subsidiary of General Electric, is a “platinum member” of the healt …"

"… loping standards for their use. He cited three such companies, Siemens, GE Healthcare and Allscripts, all center clients.David Merritt, then the center’s proj …"

FactCheck.org's guide to the New Hampshire debates

By FactCheck.Org

FactCheck.org lays out the busy weekend for Republican presidential candidates leading up to N.H. primary

Excerpts from this story referencing "Pennsylvania":

"… the Philadelphia Zoo — one of the projects cited in the ad. (The former Pennsylvania senator now says the practice of earmarks has been abused and sh …"

Fraud and folly: The untold story of General Electric’s subprime debacle

By Michael Hudson

High-paid employees of fraud-plagued, GE-owned WMC Mortgage included ex-porn star, strippers

Excerpts from this story referencing "New Century":

"… gages in the nation’s 10 hardest-hit foreclosure hotspots, trailing only New Century Financial. In the Fort Pierce-Port St. Lucie area in Florida, for exa …"

FACT CHECK: White House brings partisan slant into payroll tax explainer

By FactCheck.Org

In a new explainer video, White House displays ‘Washington Monument syndrome’

Excerpts from this story referencing "Freddie Mac":

"… of the current rate of $85,000, increasing fees charged by Fannie Mae and Freddie Mac to some lenders, reducing unemployment benefits, and freezing federal pay …"

Pro-Romney group trashes Gingrich in new ad

By Aaron Mehta and Peter H. Stone

An outside spending group that supports Mitt Romney produces slick ad slamming Iowa poll leader Gingrich

Excerpts from this story referencing "reporter":

"… , Restore Our Future, according to the online video. iWatch News reporters viewed the ad on YouTube Thursday night. The ad, slickly produced, opens …"

"… eviously reported on, was quickly pulled offline after an iWatch News reporter reached Carl Forti, a co-founder of Restore Our Future. Experts have …"

Gingrich ventures took in more than $105 million over a decade's time

By Peter H. Stone

Proceeds from various ventures added up to more than $105 million

Excerpts from this story referencing "American Enterprise Institute":

"… transformational policies.”Norm Ornstein, a scholar at the conservative American Enterprise Institute — where Gingrich held a part time perch before his campaign — said in …"

FACT CHECK: GOP candidates misstate taxes and federal government pay

By FactCheck.Org

Republican debate featured mistakes on how many people pay taxes and how much they spend on tax prep

Excerpts from this story referencing "Rick Santorum":

"… as Gov. Rick Perry, former Massachusetts Gov. Mitt Romney, and former Sen. Rick Santorum of Pennsylvania.We won’t go into the audience booing when Cain was asked …"

Obama housing plan gets faint praise

The president outlined a new plan to help homeowners, GOP presidential candidates rely on free market

Excerpts from this story referencing "Freddie Mac":

"… e worth.HARP allows borrowers with loans owned or insured by Fannie Mae or Freddie Mac to apply for an interest rate reduction.While the plan to expand HARP is n …"

"… e first half of 2010 saved on average $125 to $150 each month according to Freddie Mac.The Republican candidates for president said at a debate in Las Vegas last …"

"… .To qualify for the expanded HARP program, the home must have been sold to Freddie Mac or Fannie Mae on or before May 31, 2009. The borrower must be current on t …"

GOP candidates in foreclosure capital say government not the solution to crisis

By Michael Hudson

Republican candidates in Nevada say foreclosure mess will go away if government stays out of it

Excerpts from this story referencing "Mitt Romney":

"… ight course is to let the markets work,” said former Massachussetts Gov. Mitt Romney. Rep. Michele Bachmann of Minnesota had the most impassioned response …"

Mortgage industry tanks, fraud continues at Countrywide

By Michael Hudson

As the mortgage industry melted down, fraud investigator kept up the pressure, soon lost her job

Excerpts from this story referencing "supervisor":

"… er who had risen to executive vice president of the subprime division with supervisory authority over the Boston region. Instead, she says, Employee Relations c …"

"… type of loans they were getting. She reported this, she said, to her supervisors, to Countrywide human-resources officials and to the company’s fraud ho …"

"… al, he was “taken out of the loop” and “treated like a pariah by his supervisor.” Instead, Zachary charged, Countrywide KB Home Loans began OK’in …"

"… , he said, had a special name: “Shadow Approvals.” And Zachary? A supervisor wrote him up for “performance issues,” he said, a stark turnaround fro …"

Obama's new plan for underwater mortgages may be too little too late

By Michael Hudson

Obama orders Fannie and Freddie to work with borrowers; earlier programs helped only a few

Excerpts from this story referencing "Freddie Mac":

"… e president’s economic team to work with government-owned Fannie Mae and Freddie Mac, along with banks and regulators, to “help more borrowers benefit from t …"

"… r, by keeping borrowers in their homes and reducing risk to Fannie Mae and Freddie Mac,” the fact sheet says. Consumer advocates and lawyers representing home …"

"… available for borrowers whose home is owned or guaranteed by Fannie Mae or Freddie Mac. To qualify, a homeowner must have made a year’s worth of payments no mo …"

Investor protections imperiled by Wall Street, GOP assault on financial reform

By John F. Wasik

Wall Street and GOP assault consumer protections in Dodd-Frank reforms

Excerpts from this story referencing "Freddie Mac":

"… l markets and government-sponsored housing enterprises like Fannie Mae and Freddie Mac. The subcommittee’s chairman, Republican Scott Garrett of New Jersey, o …"

Borrower Nightmares: Disabled homeowner alleges broker, bank sold her mortgage she couldn’t afford

By Ben Hallman

Queens woman fights foreclosure on her childhood home

Excerpts from this story referencing "Margaret Mosunic":

"… from the same word,” she said. “I just want to keep my home.”  …"

As housing crisis festers, mortgage servicers spend $8 million on political contributions

By Michael Hudson and Aaron Mehta

Mortgage servicers pony up $8 million in political donations as housing crisis festers

Excerpts from this story referencing "Freddie Mac":

"… ercent for the week ending Aug. 4, according to a survey by mortgage giant Freddie Mac.What’s holding back the housing market, Carliner said, is a glut of avai …"

2012 election + weak housing market = new White House policies?

By Shirley Gao and Julie Vorman

The fast-approaching 2012 election has the Obama administration eyeing new policies to breathe life into housing market

Excerpts from this story referencing "American Enterprise Institute":

"… y into risky lending, not the private sector, writes Peter Wallison of the American Enterprise Institute in a Wall Street Journal opinion column.  He says this view is suppor …"

Consumer advocate Warren returns to ring for more sparring with GOP-led panel

By Julie Vorman

Elizabeth Warren returns to GOP-led hearing for more sparring over consumer agency

Excerpts from this story referencing "National Press Club":

"… the status of the law one year after it took effect. Begins 1000 ET at the National Press Club.Derivatives capital requirements - Deadline for public comments on a propo …"

Financial reform this week: How to handle a Too Big To Fail bank near collapse

By Julie Vorman

FDIC panel tackles tools needed to dismember biggest banks

Excerpts from this story referencing "National Press Club":

"… surance Corp. Chairman Sheila Bair, who ends her term on July 8, speaks at National Press Club's newsmaker lunch. Remarks begin at 1300 ET and will be webcast on www.pre …"

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