Lucrative “foreclosure factories” spark nationwide investigation

Mounting evidence indicates shady business practices are rife among big banks foreclosing on homeowners. But new evidence shows some foreclosures were not only improper or unnecessary – they may have been outright illegal. Last year, consumer attorneys accused five major

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New legislation seeks to improve consumer finance protections for homeowners

Over 30,000 Washington homeowners lost their homes in 2009, 37,000 in 2010, and the Associated Press reports that 2011 is projected to be even worse, with 41,100 home foreclosures forecast. Many people could keep their homes if they could get

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Posted in An Inclusive Economy
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