robo-signing scandal

What's the New York State of Mind for Foreclosures Now?

Now that N.Y. Chief Judge Jonathan Lippman has considerably tightened the state's foreclosure rules, his effort to eliminate robo-signing has greatly raised the stakes for the banks' attorneys. But what will the practical impacts be?

No Foreclosure Problems at Bank of America?

After a 16-day review of its foreclosures, Bank of America has pronounced itself satisfied. It found no problems at all with any of them, and it's ready to resume processing foreclosures. Let's be blunt: That's a claim so unbelievable it doesn't pass the straight-face test. Here's why ...

What's Behind the Drop in Mortgage Applications?

The Mortgage Bankers Association said mortgage applicatins dropped 10.5% last week, the biggest drop in four months. Elsewhere -- housing starts and homebuilder confidence -- signs are more hopeful. But the mortgage mess could be a spoiler.