Archive for the ‘Uncategorized’ Category

Homebuilder Confidence Jumps in September

. . .   Homebuilder Confidence Jumps in September     Piggybankblog posted on 09/17/14 dailyfinance.com article (By ALEX VEIGA) — U.S. homebuilders’ confidence in the market for new, single-family homes surged this month to the highest level in nearly nine years. The brighter outlook reflects growing optimism that sales will increase over the next […]

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Holder On Too Big to Jail: For Some Big Companies, The Buck Stops Nowhere

. . .     Holder On Too Big to Jail: For Some Big Companies, The Buck Stops Nowhere   Piggybankblog posed on 09/17/14 corporatecrimereporter article   Why no criminal prosecutions of big Wall Street banks in connection with the 2007 financial crisis? Why no criminal prosecution of executives at those banks? Attorney General Eric […]

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2 reasons the single-family rental securitization market won’t exceed $20 billion

. . .     2 reasons the single-family rental securitization market won’t exceed $20 billion   Piggybankblog posted on 09/17/14 housingwire article   Over the past eight years, as homeownership has declined, 4.5 million homes have been purchased and converted into rental properties by investors. Seeking to increase their returns and free-up capital for […]

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Everyone agrees there must be housing finance reform

. . .     Everyone agrees there must be housing finance reform   Piggybankblog posted on 09/17/14 housgingwire article   Housing finance reform is a nut that still can’t be cracked because of a lack of consensus among those involved, but most agree the status quo can’t continue. “When we put them in conservatorship, […]

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NYU Law Professor Jennifer Arlen and Off the Record Corporate Crime

. . .   NYU Law Professor Jennifer Arlen and Off the Record Corporate Crime   Piggybankblog posted on 09/17/14 corporatecrimereporter article   What happens if there’s a conference on corporate crime and nobody hears about it? Did it happen? It did. It happened on April 4 and 5, 2014 at New York University School […]

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The State of Florida’s Zombie Foreclosures

. . . . . The State of Florida’s Zombie Foreclosures   Piggybankblog posted on 09/17/14 Cross linked with publicintegrity.org   Kelly Young was stunned when she got a letter in January informing her that her disability payments, those of her daughter, and their Medicare benefits were being cut off. The Social Security Administration said […]

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Virginia targets banks with $1.15B toxic mortgage lawsuit

. . . . . Virginia targets banks with $1.15B toxic mortgage lawsuit   Piggybankblog posted on 09/16/14 Cross linked with housingwire.com   Virginia Attorney General Mark Herring announced a giant lawsuit against some of the largest commercial banks for fraud committed against Virginia taxpayers during the height of the financial crisis. On Tuesday, the […]

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National poverty rate drops for first time since 2006

. . . . National poverty rate drops for first time since 2006   Piggybankblog posted on 09/16/14 Cross linked with dispatch.com   ( By Jack Torry)  WASHINGTON – The federal government today reported that that the nation’s poverty rate last year fell for the first time since 2006, dipping from 15 percent in 2012 […]

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HUD Takes Action Against Lender For Alleged Discrimination

. . . .   HUD Takes Action Against Lender For Alleged Discrimination   Piggybankblog posted on 09/16/14 Crosslinked with mortgageorb.com   (by MortgageOrb.com) — The U.S. Department of Housing and Urban Development (HUD) has taken enforcement action against U.S. Bank National Association, U.S. Bank subsidiary Red Sky Risk Services LLC (formerly known as USB […]

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On maternity leave? You may face lending bias, HUD says

. . . .   On maternity leave? You may face lending bias, HUD says   Piggybankblog posted on 09/16/14 Cross linked with washingtonpost   (By Emily Wax-Thibodeaux) — The couple, who had just had twins, thought everything was on track when their mortgage application was approved and the closing for their new Virginia home […]

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