You can now count Empire, Nevada as one of the unintended victims of the housing crisis. Yes, that's right, the whole town is gone. Unlike cities like Youngstown, Ohio (" Sweet Jenny I'm Sinking Down . . . Here Darlin' In Youngstown "...
Several years after the start of the
financial crisis, and the mortgage meltdown that caused it, only one
individual, Fabrice Toure - a/k/a "Fabulous Fab," his self-imposed
moniker -- has been sued by the SEC for selling the mortgage backed...
The City of Richmond, California has commenced the process for taking by eminent domain hundreds of notes secured by mortgages on underwater residential properties owned by investors through residential mortgage backed securities (RMBS).
This is the...
By Andrea Lee Negroni, Esq. and Mary M. Pfaff
The continuing downdraft in the housing economy has stimulated adoption of a wide variety of consumer protection provisions in real estate laws and statutory requirements for accountability by lenders,...
With Oprah signing off this afternoon,
perhaps it is time that this blog replaces her immensely popular book
club. I just finished reading " The Big Short ," written by Michael Lewis (author of many notable books including " Liar's...