'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 "Memphis":

"… le for abandoned properties for which they hold a mortgage. Baltimore and Memphis, Tennessee, succeeded in obtaining settlements from Wells Fargo for a …"

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 "Mortgage":

"… of creative investors’ turning Mortgage debt into a tradable commodity. Mortgages were placed in pools and securitized. Very often the deeds to the homes, …"

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 "Rachel Steinmetz":

"… , especially when there’s no incentive to do things differently,” says Rachel Steinmetz, a senior underwriter-turned-whistleblower who worked at subprim …"

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 "DOJ":

"… t the health of the funds. Both were acquitted in 2009, and since then the DOJ has declined to criminally charge any top-level Wall Street executives. Th …"

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 "Yellen":

"… of uncertainty and deliberation, President Obama has indicated that Janet Yellen is indeed his nominee to lead the Federal Reserve. The Center’s recent p …"

"… his nominee to lead the Federal Reserve. The Center’s recent profile of Yellen provides an illuminating road map of what bankers, investors and markets c …"

"… nding to one of Washington’s most influential posts.    Janet Yellen is in the running to become chairwoman of the Federal Reserve and tha …"

"… n that’s where the bulk of her experience is.” The Center interviewed Yellen and reviewed her career through two stints on the Federal Reserve Board an …"

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 "CEO":

"… least $4,250 from 1998 through 2004, with Fannie’s controversial former CEO Franklin Raines chipping in $1,500 to help Watt keep his seat. Bank of Am …"

"… ontributed $66,500 to Watt through its PAC from 1998 to last year. Former CEO Kenneth Lewis, who spearheaded the money-losing acquisitions, contributed …"

Top 5 super PAC donors by industry

Investing, casinos top list thanks to billionaires' donations.

Excerpts from this story referencing "Robert Mercer":

"… llion*Favorite candidate: Mitt RomneyTop donors: Ken Griffin, Paul Singer, Robert Mercer, John Paulson, Joe RickettsDonors’ interests: Most favor limited regulat …"

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 "Fannie Mae":

"… deal with issues of interest to realtors, including disaster insurance and Fannie Mae and Freddie Mac.Sherman sponsored a bill in 2011 to amend the Flood Insura …"

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 "Bank of America":

"… oldman Sachs and Citigroup; $150,000 from Morgan Stanley and $100,000 from Bank of America.Most of the banks and other institutions that made contributions to the co …"

Dissent among Republicans over defense spending

By Aaron Mehta

Grover Norquist opposes Romney plan to increase the military budget

Excerpts from this story referencing "Fannie Mae":

"… he said. “He decided to occupy Iraq and Afghanistan rather than reform Fannie Mae and Freddie Mac. That had tremendous consequences.”Mitt Romney, in contr …"

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 "Health and Human Services Secretary":

"… Urban Development Secretaries Alphonso Jackson and Henry Cisneros; former Health and Human Services Secretary Donna Shalala. The VIP unit processed Cisneros's loan after he joined Fann …"

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 "Republican presidential candidate":

"… level of scrutiny,” she said. …"

Raging against the foreclosure machine

By Ben Hallman

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

Excerpts from this story referencing "Fannie Mae":

"… he largest lenders. Most home loans are bought by Wall Street banks or by Fannie Mae and Freddie Mac, bundled together and placed into pools of 5,000 or more. …"

"… rongful foreclosure, violating federal law and servicing guidelines set by Fannie Mae, which owns their loan. Bank of America did not respond to requests for c …"

"… 601 for fees it had assessed on one occasion and $45 on three other dates. Fannie Mae and Freddie Mac servicing guidelines (page 301-2) say that payments on loa …"

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 "encryption":

"… grich got results.For instance, Gingrich client ZixCorp, which sells email encryption systems, said in a Sept. 16, 2008, news release that Gingrich was “instr …"

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 "International Atomic Energy Agency":

"… Iran is “working on” a nuclear weapon. But, as we reported, the International Atomic Energy Agency said there are “possible military dimensions” to Iran’s nuclear prog …"

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 "Freddie Mac":

"… as investment properties. GE denies the allegations, and insists that Freddie Mac, which invested in the securities, made out well on the deals.On the recor …"

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 "Fannie Mae":

"… $80,000 instead of the current rate of $85,000, increasing fees charged by Fannie Mae and Freddie Mac to some lenders, reducing unemployment benefits, and freez …"

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 "Freddie Mac":

"… $300,000 for ethics violations while in Congress; taking $1.6 million from Freddie Mac just before "it helped" cause the financial meltdown; and accepting $ …"

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 "Freddie Mac":

"… sulting services. The Gingrich Group also had many other clients including Freddie Mac, which paid it almost $2 million for several years of consulting work.Some …"

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 "Newt Gingrich":

"… esota Rep. Michele Bachmann, businessman Herman Cain, former House Speaker Newt Gingrich, former Utah Gov. Jon Huntsman, Texas Rep. Ron Paul, Texas Gov. Rick Perry …"

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 "New Hampshire":

"… ted that when the Republican presidential field debated economic policy in New Hampshire last week, the word “foreclosure” was mentioned – once. The Sun said …"

"… uesday’s debate, citing Nevada’s decision to move its primary ahead of New Hampshire’s.) Nevada homeowners are unlikely to see positive equity in their homes …"

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 "Fannie Mae":

"… e Federal Housing Finance Agency, which oversees mortgage investing giants Fannie Mae and Freddie Mac, has filed massive lawsuits charging that Countrywide, Ban …"

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 "Fannie Mae":

"… ram, directs the president’s economic team to work with government-owned Fannie Mae and Freddie Mac, along with banks and regulators, to “help more borrower …"

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

"… d in 2009, is 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 …"

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 "Washington Mutual":

"… nded investor shields when she was approached by a broker working inside a Washington Mutual Bank. After inheriting some money from her brother in 2007, the retired Sa …"

"… rbitration award against the bank, JP Morgan Chase & Co., which bought Washington Mutual in 2008 after it failed. "Something about being in a bank made me trust h …"

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 "Federal Deposit Insurance Corp.":

"… geographic area, including low and moderate income borrowers. In 2006, the Federal Deposit Insurance Corp., said that the bank “makes extensive use of innovative and flexible lend …"

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 "Freddie Mac":

"… urnal reports.Policy options include having mortgage giants Fannie Mae and Freddie Mac relax their lending rules to investors; allowing investors to purchase exc …"

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 "Patrick McHenry":

"… can-led committee in late May, emerging bloodied but not broken after Rep. Patrick McHenry accused her of lying. “You’re making this up,” McHenry said on May 2 …"

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 "Freddie Mac":

"… Employees’ Retirement System (CalPERS), Glass, Lewis & Co. LLC, and Freddie Mac.Panel member Anat Admati of Stanford University recently rallied other inf …"

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