Boehner’s spokesman raised the spectre of “groups similar to ACORN”, which no longer exists, as a recipient of this money. What it will actually go toward is legal services, defending borrowers who would otherwise have no way to afford access to the legal system.
And this is a state’s rights issue. This bill wouldn’t mandate legal services money; it would allow states to elect, if they so chose, to use their Hardest Hit Fund dollars in the manner to which they see fit. In the typical conservative game, state’s rights mean a lot except when that goes against their ideological goals. Plus, it doesn’t cost a dime, as the money is going to the states anyway. They should get to decide how to use it.
It’s unclear that this legislation is even necessary. Treasury only reverts back to TARP rules when talking about how legal aid services aren’t allowable as recipients, though it showed wide latitude in handing out money to whatever bank wanted a piece previously. But Geithner is insisting on it. His “enthusiastic support” of the House measure belies the fact that there’s no Republican co-sponsor in the Senate, and moving the bill on unanimous consent in the dwindling days of the lame duck session is dubious. If Geithner supports allowing states to decide if foreclosure victims can have access to justice, all he has to do is sign off on it as Treasury Secretary.
The funding problem for foreclosure legal defense is “part of the banks’ strategy,” says Bubba Grimsley, a leading foreclosure defense attorney. Foreclosure defense lawyers have been extremely successful in uncovering robo-signing and a host of other irregularities in the foreclosure process, but they have to be able to sustain themselves:
In the wake of many highly-publicized stories about rampant fraud perpetrated by banks in foreclosure proceedings, the Federal Reserve has decided to support stronger regulations under financial reform President Obama signed into law last summer.
The FDIC has been pushing hard to ensure that new regulations on the mortgage bond market include clear instructions for how banks handle mortgages-- and under what circumstances they can evict delinquent borrowers. The bank divisions that collect payments from borrowers and implement the foreclosure process-- known as "mortgage servicers"-- have been plagued by rampant problems with fraudulent documentation. This fraud has resulted in everything from illegal fees charged to borrowers to improper evictions.
The Fed had opposed using the mortgage bond rules to crack down on foreclosure abuses, despite pressure from the FDIC. But FDIC General Counsel Michael Krimminger recently told the Fed his agency would not support any new mortgage bond regulations that do not include strong rules forbidding foreclosure abuses. Krimminger told HuffPost that other regulatory agencies are "moving in our direction on the issue."
Krimminger would not specify which agencies were coming around. But a separate source close to the discussions told HuffPost that the Fed has come on board, with systemic risk watchdogs at the central bank sympathetic to Krimminger's position.
It doesn't do much to help existing victims of foreclosure fraud, nothing short of sending some bankers to jail would. But this is an important step in creating accountability for banks and protections for borrowers.
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Turns out you'll have to wait a bit longer to see The Daily, Rupert Murdoch's long-awaited iPad news service. Apple and News Corp. have made a joint decision to push back next week's planned launch.
Harvard Undergrads Launch Newsle To Find <b>News</b> About Your Friends <b>...</b>
Social news has many flavors. Twitter and Facebook function as social news feeds with your friends pushing out stories they find interesting. But what about news about your friends or other people you care about?
Dallas Cowboys Tidbits: Snacking On Cowboys <b>News</b> - Blogging The Boys
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Apple, <b>News</b> Corp. Delay "Daily" iPad Newspaper | Peter Kafka <b>...</b>
Turns out you'll have to wait a bit longer to see The Daily, Rupert Murdoch's long-awaited iPad news service. Apple and News Corp. have made a joint decision to push back next week's planned launch.
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Social news has many flavors. Twitter and Facebook function as social news feeds with your friends pushing out stories they find interesting. But what about news about your friends or other people you care about?
Dallas Cowboys Tidbits: Snacking On Cowboys <b>News</b> - Blogging The Boys
Get the latest roundup of Cowboys in the news. Dallas Cowboys Tidbits are for those that like to eat and run!
Apple, <b>News</b> Corp. Delay "Daily" iPad Newspaper | Peter Kafka <b>...</b>
Turns out you'll have to wait a bit longer to see The Daily, Rupert Murdoch's long-awaited iPad news service. Apple and News Corp. have made a joint decision to push back next week's planned launch.
bench craft company reviews bench craft company reviewsHarvard Undergrads Launch Newsle To Find <b>News</b> About Your Friends <b>...</b>
Social news has many flavors. Twitter and Facebook function as social news feeds with your friends pushing out stories they find interesting. But what about news about your friends or other people you care about?
Dallas Cowboys Tidbits: Snacking On Cowboys <b>News</b> - Blogging The Boys
Get the latest roundup of Cowboys in the news. Dallas Cowboys Tidbits are for those that like to eat and run!
Apple, <b>News</b> Corp. Delay "Daily" iPad Newspaper | Peter Kafka <b>...</b>
Turns out you'll have to wait a bit longer to see The Daily, Rupert Murdoch's long-awaited iPad news service. Apple and News Corp. have made a joint decision to push back next week's planned launch.
bench craft company reviews bench craft company reviewsHarvard Undergrads Launch Newsle To Find <b>News</b> About Your Friends <b>...</b>
Social news has many flavors. Twitter and Facebook function as social news feeds with your friends pushing out stories they find interesting. But what about news about your friends or other people you care about?
Dallas Cowboys Tidbits: Snacking On Cowboys <b>News</b> - Blogging The Boys
Get the latest roundup of Cowboys in the news. Dallas Cowboys Tidbits are for those that like to eat and run!
Apple, <b>News</b> Corp. Delay "Daily" iPad Newspaper | Peter Kafka <b>...</b>
Turns out you'll have to wait a bit longer to see The Daily, Rupert Murdoch's long-awaited iPad news service. Apple and News Corp. have made a joint decision to push back next week's planned launch.
bench craft company reviews bench craft company reviewsHarvard Undergrads Launch Newsle To Find <b>News</b> About Your Friends <b>...</b>
Social news has many flavors. Twitter and Facebook function as social news feeds with your friends pushing out stories they find interesting. But what about news about your friends or other people you care about?
Dallas Cowboys Tidbits: Snacking On Cowboys <b>News</b> - Blogging The Boys
Get the latest roundup of Cowboys in the news. Dallas Cowboys Tidbits are for those that like to eat and run!
Apple, <b>News</b> Corp. Delay "Daily" iPad Newspaper | Peter Kafka <b>...</b>
Turns out you'll have to wait a bit longer to see The Daily, Rupert Murdoch's long-awaited iPad news service. Apple and News Corp. have made a joint decision to push back next week's planned launch.
bench craft company reviews bench craft company reviewsHarvard Undergrads Launch Newsle To Find <b>News</b> About Your Friends <b>...</b>
Social news has many flavors. Twitter and Facebook function as social news feeds with your friends pushing out stories they find interesting. But what about news about your friends or other people you care about?
Dallas Cowboys Tidbits: Snacking On Cowboys <b>News</b> - Blogging The Boys
Get the latest roundup of Cowboys in the news. Dallas Cowboys Tidbits are for those that like to eat and run!
Apple, <b>News</b> Corp. Delay "Daily" iPad Newspaper | Peter Kafka <b>...</b>
Turns out you'll have to wait a bit longer to see The Daily, Rupert Murdoch's long-awaited iPad news service. Apple and News Corp. have made a joint decision to push back next week's planned launch.
bench craft company reviews bench craft company reviewsHarvard Undergrads Launch Newsle To Find <b>News</b> About Your Friends <b>...</b>
Social news has many flavors. Twitter and Facebook function as social news feeds with your friends pushing out stories they find interesting. But what about news about your friends or other people you care about?
Dallas Cowboys Tidbits: Snacking On Cowboys <b>News</b> - Blogging The Boys
Get the latest roundup of Cowboys in the news. Dallas Cowboys Tidbits are for those that like to eat and run!
Apple, <b>News</b> Corp. Delay "Daily" iPad Newspaper | Peter Kafka <b>...</b>
Turns out you'll have to wait a bit longer to see The Daily, Rupert Murdoch's long-awaited iPad news service. Apple and News Corp. have made a joint decision to push back next week's planned launch.
bench craft company reviews bench craft company reviewsHarvard Undergrads Launch Newsle To Find <b>News</b> About Your Friends <b>...</b>
Social news has many flavors. Twitter and Facebook function as social news feeds with your friends pushing out stories they find interesting. But what about news about your friends or other people you care about?
Dallas Cowboys Tidbits: Snacking On Cowboys <b>News</b> - Blogging The Boys
Get the latest roundup of Cowboys in the news. Dallas Cowboys Tidbits are for those that like to eat and run!
Apple, <b>News</b> Corp. Delay "Daily" iPad Newspaper | Peter Kafka <b>...</b>
Turns out you'll have to wait a bit longer to see The Daily, Rupert Murdoch's long-awaited iPad news service. Apple and News Corp. have made a joint decision to push back next week's planned launch.
bench craft company reviews bench craft company reviewsHarvard Undergrads Launch Newsle To Find <b>News</b> About Your Friends <b>...</b>
Social news has many flavors. Twitter and Facebook function as social news feeds with your friends pushing out stories they find interesting. But what about news about your friends or other people you care about?
Dallas Cowboys Tidbits: Snacking On Cowboys <b>News</b> - Blogging The Boys
Get the latest roundup of Cowboys in the news. Dallas Cowboys Tidbits are for those that like to eat and run!
Apple, <b>News</b> Corp. Delay "Daily" iPad Newspaper | Peter Kafka <b>...</b>
Turns out you'll have to wait a bit longer to see The Daily, Rupert Murdoch's long-awaited iPad news service. Apple and News Corp. have made a joint decision to push back next week's planned launch.
bench craft company reviews bench craft company reviewsHarvard Undergrads Launch Newsle To Find <b>News</b> About Your Friends <b>...</b>
Social news has many flavors. Twitter and Facebook function as social news feeds with your friends pushing out stories they find interesting. But what about news about your friends or other people you care about?
Dallas Cowboys Tidbits: Snacking On Cowboys <b>News</b> - Blogging The Boys
Get the latest roundup of Cowboys in the news. Dallas Cowboys Tidbits are for those that like to eat and run!
Apple, <b>News</b> Corp. Delay "Daily" iPad Newspaper | Peter Kafka <b>...</b>
Turns out you'll have to wait a bit longer to see The Daily, Rupert Murdoch's long-awaited iPad news service. Apple and News Corp. have made a joint decision to push back next week's planned launch.
bench craft company reviews bench craft company reviewsHarvard Undergrads Launch Newsle To Find <b>News</b> About Your Friends <b>...</b>
Social news has many flavors. Twitter and Facebook function as social news feeds with your friends pushing out stories they find interesting. But what about news about your friends or other people you care about?
Dallas Cowboys Tidbits: Snacking On Cowboys <b>News</b> - Blogging The Boys
Get the latest roundup of Cowboys in the news. Dallas Cowboys Tidbits are for those that like to eat and run!
Apple, <b>News</b> Corp. Delay "Daily" iPad Newspaper | Peter Kafka <b>...</b>
Turns out you'll have to wait a bit longer to see The Daily, Rupert Murdoch's long-awaited iPad news service. Apple and News Corp. have made a joint decision to push back next week's planned launch.
bench craft company reviews bench craft company reviewsHarvard Undergrads Launch Newsle To Find <b>News</b> About Your Friends <b>...</b>
Social news has many flavors. Twitter and Facebook function as social news feeds with your friends pushing out stories they find interesting. But what about news about your friends or other people you care about?
Dallas Cowboys Tidbits: Snacking On Cowboys <b>News</b> - Blogging The Boys
Get the latest roundup of Cowboys in the news. Dallas Cowboys Tidbits are for those that like to eat and run!
Apple, <b>News</b> Corp. Delay "Daily" iPad Newspaper | Peter Kafka <b>...</b>
Turns out you'll have to wait a bit longer to see The Daily, Rupert Murdoch's long-awaited iPad news service. Apple and News Corp. have made a joint decision to push back next week's planned launch.
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