From the FTC:
Federal Trade Commission Chairman Jon Leibowitz, joined by California Attorney General Jerry Brown, today announced Operation Loan Lies, a coordinated national law enforcement effort to crack down on mortgage modification scams. The operation involves 189 actions by 25 federal and state agencies against defendants who deceptively marketed foreclosure rescue and mortgage modification services. [...]

MainStreet.com has a little feature called the Happiness Index which uses some different measures to determine the overall happiness in each state. You have to scroll down the page a bit to find the state list, but it is rather interesting to view which states are doing well, and which aren’t.
Not too surprisingly, California, [...]

I’ve seen quite a bit of email and postings about bulk bank REO sales and most of it, in my opinion, is wishful thinking and promotional rather than being based on actual portfolios available.  An interesting article from the North County Times (hat tip Calculated Risk) talks about one property as part of a bulk [...]

Kind of a snarky article at the NY Times about Countrywide executives being involved with the purchase of distressed loans from the government.  The “bad” loans, or toxic assets as some call them are a significant part of the problem with the financial industry in the United States.  There really is only one way to [...]