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Wealth-Building Wednesday

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Foreclosure Crisis May Well Be Catastrophic In Any Case
by Emptywheel
We should expect the foreclosure crisis to get a lot worse as the paperwork debacle unfolds.

Will Republicans Still Push to Defund New Consumer Agency Despite Foreclosure Fraud Allegations?
by Pat Garofalo
Republicans are threatening to withhold funding from the Consumer Financial Protection Bureau.

Mortgage Trouble Redux
by Tim Fernholz
Fraudulent papers signed to rush foreclosures will likely lead investigators to the shaky mortgages to which they were attached.

A Look at How Unregulated Servicers Are, and the Consequences for Leaving this Crisis
by Rortybomb
Problems with foreclosure affidavits underline the necessity of the Consumer Financial Protection Bureau.

The Enormous Mortgage-Bond Scandal
by Felix Salmon
Investors weren't worried about shaky loans or an insufficient paper trail because they knew they would unload the loans.


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