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Banks fear courts’ ruling on negotiability of promissory notes

Banks fear courts’ ruling on negotiability of promissory notes

Blog posts   •   May 30, 2013 08:46 EDT

The banking industry has been asking courts to declare Fannie Mae and Freddie Mac promissory notes negotiable instruments. If they can't convince the courts to do so, then it will be a lot more difficult for them to foreclose on homes.

The Real 'Miami Zombie' -- David Stern!

The Real 'Miami Zombie' -- David Stern!

Blog posts   •   Jun 05, 2012 18:24 EDT

David Stern, the former head of the largest foreclosure firm in Florida, is accused of some truly despicable acts.

Friday Round-Up; Foreclosures Up Again, DeMarco Dances With Reductions; Bank Of America Sues Itself

Friday Round-Up; Foreclosures Up Again, DeMarco Dances With Reductions; Bank Of America Sues Itself

Blog posts   •   Apr 13, 2012 22:30 EDT

Foreclosures are once again on the rise in Florida, is Edward DeMarco finally ready to offer principal reduction? and Bank of America forecloses on itself?

Did Fannie Mae and Freddie Mac Just Admit Principal Reduction is Good?

Did Fannie Mae and Freddie Mac Just Admit Principal Reduction is Good?

Blog posts   •   Mar 27, 2012 11:18 EDT

Could Fannie Mae and Freddie Mac finally be willing to sign off on principal reduction as a way to keep homeowners out of foreclosure and in their homes?

Friday Round-Up — Settlement Docs Weeks Away, Donovan Hopes Fannie and Freddie Come Around; Citi-Bank Settles Suit; Bank Approves Loan Modification, Then Forecloses

Friday Round-Up — Settlement Docs Weeks Away, Donovan Hopes Fannie and Freddie Come Around; Citi-Bank Settles Suit; Bank Approves Loan Modification, Then Forecloses

Blog posts   •   Feb 17, 2012 16:51 EST

In our end of the week round-up, we discuss an update to the foreclosure settlement and the documents behind it and several cases of banks acting badly.

Fannie Mae and Freddie Mac: Past Their Prime

Fannie Mae and Freddie Mac: Past Their Prime

Blog posts   •   Feb 15, 2012 17:09 EST

Fannie Mae and Freddie Mac have done little to help the American homeowner, and it's time they were dismantled.