Tag: News

Google Foreclosure Maps–no longer available (via Dregs of the Future)

On By southwerkIn business ethics

Take a long last look at accurate maps of the foreclosure crisis. Google says they have low usage. Maybe they just have a high level of influence suggesting a better use of their time. Well, it’s gone. Here’s one more look.

James Pilant

Google Foreclosure Maps--no longer available Searches for real estate foreclosures on Google Maps are censored no longer possible. Google has announced removal of all real estate listings from their Google Maps platform on February 10th of this year (2011). Google posted this: In part due to low usage, the proliferation of excellent property-search tools on real es … Read More

via Dregs of the Future

California AG to Use $6.5M Settlement to Help Foreclosed Homeowners (via Loaning4Less.com™)

On By southwerkIn business ethics

There was fraud in many home mortgages. We should see more of these cases but California is one of the few states where there have been prosecutions.

It is difficult to convince me that with Countrywide’s vast portfolio that this practice was uncommon. One of the best ways to defraud a homeowner is to sell him on the idea of cheap credit, lowering his monthly payments, knowing all along the loan will revert to a floating rate. That new interest rate produces a devastating increase in monthly payments forcing foreclosure. This is fraud. Conning people into home loans is what the great lecturers on personal responsibility claim was a rare event.

I don’t think so.

Here is one of my articles on this subject – Bank of America Sued Over Countrywide Mortgage Related Investments

James Pilant

California AG to Use $6.5M Settlement to Help Foreclosed Homeowners California Attorney General Kamala Harris announced Friday that the $6.5 million settlement from two former Countrywide Financial Corp. executives will be used to establish a fund to help foreclosed homeowners. The settlement comes from a litigation that began more than two years ago against Angelo Mozilo and David Sambol. According to the lawsuit, Countrywide lured buyers with low teaser rates, sometimes as low as 1 percent, and failed to inform … Read More

via Loaning4Less.com™

Pets to Benefit from Holiday Cheer

On By southwerkIn business ethics3 Comments

Generally speaking the occasional pet story doesn’t bother me. However this was the leading or top story on CBS News’ web site. The only other thing going on was the crisis in the treasury department and the Federal Reserve Board. And they have mentioned the largest economic crisis since the Great Depression. Now I freely admit that later in the business news they became more serious. But really, doesn’t this belong in the “popular” news or how about just moving it down a hair so it isn’t the number one story.