From his cubicle inside a sprawling beige stucco building, Stephan works as the leader of the document execution team for GMAC Mortgage. He has signed off on as many as 10,000 foreclosures in a month, according to court documents. That's barely a minute per case... [more inside]
Mortgage financing giant Fannie Mae announces policy changes designed to encourage borrowers to "work with their servicers and pursue alternatives to foreclosure"...and threatens borrowers with new penalties for strategic default. [more inside]
Jane Hamsher is a former Hollywood producer who now heads the Firedoglake family of blogs. Grover Norquist is a long-time conservative activist who has had some influence in conservative politics. Together, they fight... Rahm Emanuel! [more inside]
Foreclosures hit a record in third quarter 2009. President Obama took measures to contain the crisis. It is now many months later, and one can start asking how successful these measures have been. [more inside]
The Fall of Fannie Mae This is not your ordinary accounting fraud. Yes, there's the matter of $9 billion in overstated earnings. But the fight over Fannie is a nasty political showdown where everyone has his own agenda. And it's not over yet.