Banks – Page 15 – People's World

Obama to investigate mortgage fraud

January 25, 2012 By Joe Sims

Responding to public demands to prosecute the banks responsible for creating the financial crisis, President Obama announced on Tuesday a new financial irregularities task force

Sweetheart deal or fair deal on housing?

January 23, 2012 By Van Jones And George Goehl

After months of negotiation with big banks, the White House may announce a settlement that would let the banks off the hook for their role in the foreclosure crisis.

Foreclosures set to rise in 2012

January 18, 2012 By Joe Sims

The slight dip in foreclosure rates in 2011 was not the beginning of a trend towards reversal of the mortgage crisis.

Labor and community groups call for action as mortgage fraud settlement nears

January 11, 2012 By Joe Sims

Take action, says Working America in response to reports that the Justice Department is nearing an agreement with several banks responsible for ripping off home owners by mortgage fraud.

Bank pays biggest settlement ever in mortgage rip-off

January 3, 2012 By Joe Sims

The Bank of America, just before Christmas, agreed to pay a $335 million settlement on behalf of its Countrywide financial unit for steering Black and Latino homeowners toward sub-prime loans.