Entries by Marian Wang

Banks Face New Rules on Foreclosures from Skeptical State Judges

As banks resume foreclosures and claim to have added safeguards to their processes, it’s been left up to state court judges to decide whether they buy what the banks are saying. Many judges haven’t. Palm Coast, FL – November 12, 2010 – As banks resume foreclosures and claim to have added safeguards to their processes, […]

Want to Earn $10-12 an Hour? Be a ‘Foreclosure Department Supervisor’

One legal staffing agency advertised a number of foreclosure openings, including a ”Supervisor of Foreclosure Department.” The listed base pay? ”$10.00-$12.00/Hour.” High-school education required Palm Coast, FL – November 9, 2010 – For years, banks and other companies handling foreclosures have turned to cheap labor to process the growing volume of foreclosures. At JPMorgan Chase, […]

Read: The Depositions That Sparked the Foreclosure Scandal

Foreclosure documentation evidence came from a number of court depositions by employees or former employees at banks and foreclosure mills. We’ve gathered the most interesting of those documents. Palm Coast, FL – October 26, 2010 By: Marian Wang   ProPublica, Oct. 22, 2010, 10:01 a.m. Over the past month, we’ve seen lots of evidence that banks […]

More on the Foreclosure Scandal and the Mortgage Machine

40 state attorneys general expected to announce an investigation this week into the mortgage servicing industry, while calls for a nationwide moratorium on foreclosures have grown louder. Palm Coast, FL – October 13, 2010 By: Marian Wang: ProPublica [10-12-10] There are more headlines every day about banks using shortcuts and questionable paperwork to push through […]