'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 "spokeswoman":

"… bstantial way for banks to redress the harm caused to communities,” said spokeswoman Nicole Navas. Jacksonville, St. Petersburg and many other cities nationwi …"

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 "chief financial officer":

"… oposal was withdrawn after enormous opposition, including from Florida’s chief financial officer, Jeff Atwater, who said in a comment letter to FHFA the plan wou …"

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 "Dallas":

"… properties include a $2 million, 13,600-square-foot mansion in a Dallas suburb that Forbes magazine once ranked as America’s most affl …"

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 "U.S. Treasury":

"… P were required to submit their executives’ compensation packages to the U.S. Treasury for approval  and to disclose them in SEC filings. Special paymaster …"

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 "Lehman Brothers":

"… its faults. The 12th district saw 13 of its banks fail from the day that Lehman Brothers declared bankruptcy in 2008. In almost every case, the banks had huge conc …"

"… bet on almost anything, from changes in the weather to the likelihood that Lehman Brothers would default on its debt. The face value of derivatives reached $596 &nbs …"

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 "U.S. Treasury":

"… they went bust, the two enterprises have borrowed $187.5 billion from the U.S. Treasury            &nb …"

Top 5 super PAC donors by industry

Investing, casinos top list thanks to billionaires' donations.

Excerpts from this story referencing "Paul Singer":

"… Total: $94 million*Favorite candidate: Mitt RomneyTop donors: Ken Griffin, Paul Singer, Robert Mercer, John Paulson, Joe RickettsDonors’ interests: Most favor …"

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 "California":

"… ads supporting Rep. Brad Sherman, D-Calif., in his quest to be elected in California’s 30th District.Sherman faces a challenge from another incumbent Democra …"

"… nother incumbent Democrat, Rep. Howard Berman, thanks to redistricting and California’s top-two primary system. That new system pitted all candidates — rega …"

"… more than $709,000 ensuring Rep. Gary Miller, R-Calif., won his primary in California’s 31st District, as the Center for Public Integrity previously reported. …"

"… cts. In “Choices,” the group criticizes Rep. Jeff Denham, R-Calif., in California’s 10th District. “Oath” opposes Rep. Joe Heck, R-Nev., and supports …"

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 "U.S. Treasury":

"… n theory, anyway. For 2012, each party has received $18.2 million from the U.S. Treasury to help defray costs.But both parties are permitted to operate nonprofit c …"

"… ed $3.4 million in donations from banks that received investments from the U.S. Treasury. Donations came from U.S. Bancorp ($1 million), Goldman Sachs & Co. ($ …"

Dissent among Republicans over defense spending

By Aaron Mehta

Grover Norquist opposes Romney plan to increase the military budget

Excerpts from this story referencing "Freddie Mac":

"… e decided to occupy Iraq and Afghanistan rather than reform Fannie Mae and Freddie Mac. That had tremendous consequences.”Mitt Romney, in contrast, has called …"

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 "Christopher Dodd":

"… trywide, the report said, were:—Former Senate Banking Committee Chairman Christopher Dodd, D-Conn.—Senate Budget Committee Chairman Kent Conrad, D-N.D.—Mary Jan …"

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 "Pennsylvania":

"… f modifications and foreclosures.” Kathy Holler, a consumer activist in Pennsylvania, disagrees. “It is by design,” she said of servicer errors. “You ne …"

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 "Freddie Mac":

"… ontract that paid $25,000 a month for services to troubled mortgage holder Freddie Mac, and has insisted nothing he did there constituted lobbying. But Romney ha …"

"… .”While much of the controversy has swirled around Gingrich’s work for Freddie Mac, the for-profit Center for Health Transformation signed up hundreds of hea …"

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 "NBC":

"… ge in New Hampshire. Less than 12 hours later, they meet again for an NBC News/Facebook debate on “Meet the Press.”Here are some possible l …"

"… On the day after narrowly winning in Iowa, Romney appeared on MSNBC’s “Morning Joe” and was asked how he can gain greater support from c …"

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 "WMC Mortgage":

"… ome loans by paying roughly half a billion dollars to buy California-based WMC Mortgage Corp.What GE got in the bargain, former WMC employees say, was a place whe …"

"… y back defective WMC loans.By October 2007 — as Riedel had predicted — WMC Mortgage was effectively out of business, dead after having pumped out roughly $110 …"

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 "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 "Pennsylvania":

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

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 "Freddie Mac":

"… ng Finance Agency, which oversees mortgage investing giants Fannie Mae and Freddie Mac, has filed massive lawsuits charging that Countrywide, Bank of America and …"

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 "law":

"… 08, Thomas Delaney, a broker at Home Consultants, Inc., drove Mosunic to a law office to close what she thought was a $40,000 bank loan, according to a l …"

"… w office to close what she thought was a $40,000 bank loan, according to a lawsuit filed by Mosunic in Queens County court. She planned to use the money …"

"… sked the lender, Emigrant Mortgage Co. of New York to approve, Mosunic’s lawsuit alleges. An hour later, Mosunic claims, she stood on a street corner …"

"… s suggestion, took $70,000 and left the job half-done, she alleges in her lawsuit. She says back taxes and bills ate up most of the rest of the $150,000 …"

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 "Freddie Mac":

"… uld eliminate a government-sponsored enterprise charter for Fannie Mae and Freddie Mac, and would also limit legal fees paid by Fannie and Freddie to defend form …"

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 …"