The Foreclosure Fraud Machine

Some of the nation's largest financial institutions are operating a foreclosure fraud machine of fabricated documents, forged signatures and lies to judges that is causing thousands of people to unjustly lose their homes. Zach Carter has been exposing the inner workings of this machine and making the case for action.


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The Elephant In The Foreclosure Fraud Room: Second Liens

By Zach Carter
October 21, 2010

There’s been plenty of recent media attention to the prospect of investor lawsuits over fraudulent mortgages and mortgage securities. But investor lawsuits against mortgage servicers could be even more damaging than these other lines of legal inquiry. more »

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The Subprime Swindle And The Foreclosure Fraud Cover-Up

By Zach Carter
October 12, 2010

There are plenty of reasons why the foreclosure fraud crisis sweeping the nation's housing market is an economic disaster. Banks are charging borrowers illegal fees, kicking the wrong people out of their homes and even hiring thugs to illegally break into houses. more »

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Axelrod Is Wrong: Obama Must Protect American Families From Wall Street Fraud

By Zach Carter
October 11, 2010

If senior White House adviser David Axelrod’s comments this weekend are any indication, the Obama administration is woefully misreading the foreclosure fraud crisis currently gripping the U.S. economy. more »

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Automated Greed Factories: How Soulless Banking Is Crushing the Economy

By Richard (RJ) Eskow
October 11, 2010

Two seemingly unrelated stories from the past week illustrate a fundamental problem with today's financial system. While this problem may seem "philosophical" or abstract, it's very real, and we won't put our economy back on a sound footing until we get a handle on it. The problem is this: Banking institutions no longer want to perform the human functions they've performed for a thousand years. more »

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Too-Big-For-Paperwork: Fixing Wall Street's Foreclosure Fraud Disaster

By Zach Carter
October 8, 2010

Anybody looking for a primer explaining why the current foreclosure fraud issue is a major systemic risk for the financial system should check out Mike Konczal's new post for the Roosevelt Institute. more »

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Obama Must Reject The Foreclosure Fraud Bailout

By Zach Carter
October 7, 2010

UPDATE: President Obama vetoed the foreclosure fraud bailout this afternoon, but plenty of other battles are already raging. Rep. more »

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Organized Crime: Wall Street's Foreclosure Fraud Machine

By Zach Carter
October 6, 2010

Just when you thought Wall Street couldn't defraud the economy any further, it went ahead and did it. After pushing millions of borrowers into foreclosure with fraudulent loans, big banks are now being implicated in a massive new fraud scandal involving the foreclosure process itself. more »

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Will Wall Street's Foreclosure Fraud Save Troubled Borrowers?

By Zach Carter
September 27, 2010

I'll have plenty to say about the escalating foreclosure fraud scandal later this week. For now: This is a big, big deal. It isn't a clerical error, it's an aggressive attempt to slap borrowers with thousands of dollars in illegal fees for the luxury of being foreclosed on. more »

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