Miscellaneous

• Who's to Blame for the Economic & Housing Crisis?

  Paul Kiesel | September 18, 2008 3:48 PM | 1 CommentLos Angeles, CA

  Who deserves the blame for the economic and housing crisis? It's difficult to point the finger at one individual for instigating this mess, because many people were involved. In fact, the blame...

• The New Republic: Economic Innovation and Mortgage Fraud

  Paul Kiesel | September 05, 2008 7:47 PM | 0 CommentsLos Angeles, CA

  Transparency. This word gets thrown around a lot when describing how banks and mortgage brokers were able to sell the some of the dubious mortgages (mortgages that were filled with TILA violations)...

• GMAC Home Loan Unit: The Past Year has been Horrible, No Improvements on the Horizon

  Paul Kiesel | September 03, 2008 3:53 PM | 0 CommentsLos Angeles, CA

  Reuters and Bloomberg both reported today that GMAC's Home Loan Unit will fire 5,000 employees, or 60 percent of its staff, and close all 200 GMAC Mortgage retail offices because of "weak real...

• CNN: IndyMac Borrowers to Get Relief

  Paul Kiesel | August 20, 2008 8:17 PM | 0 CommentsLos Angeles, CA

  According to an article that was just published on CNNMoney.com, the FDIC is going to offer a plan IndyMac mortgage borrowers that will modify loans for homeowners most at risk of foreclosure. The...

• Treasury Secretary Paulson's Hope Now Program is Proving Insufficient

  Paul Kiesel | May 30, 2008 6:57 PM | 0 CommentsLos Angeles, CA

  According to Bloomberg News today, "Newly delinquent mortgage borrowers outnumbered people who caught up on their overdue payments by two to one last month, a sign that nationwide efforts to help...

• The E-mail that Angelo Mozilo Finds Disgusting

  Paul Kiesel | May 21, 2008 7:25 PM | 0 CommentsLos Angeles, CA

  Below is the e-mail that Angelo Mozilo described as "disgusting." The only thing that is analogous to disgusting is the apathetic response from Mozilo that follows Daniel Bailey's e-mail. To...

• FBI Releases Mortgage Fraud Report

  Paul Kiesel | May 14, 2008 9:17 PM | 0 CommentsLos Angeles, CA

  The FBI released its Mortgage Fraud Report today, and it presents a startling statistic: mortgage fraud increased 500% in 2007 from 2003 and is likely to be 10 times worse than 2003 by the end of...

• Woman Sentenced 50 Years for Filming Sex Crimes Against 4 Year Old

  Cheryl Buchanan | March 06, 2008 6:08 PM | 0 CommentsLos Angeles, CA

  Sikat's boyfriend, David Shoutyh Hwang, 36, plead guilty to 60 counts of child molesting in October 2006 and is now serving a term of 50 years to life in prison. -cbs2.com March 6, 2008 Judge Gary Paer in Rancho Santa Margarita made it clear today that complicit conduct in the course of egregious child rape is just as evil as the actual rape itself. A 28 year old woman, Sheila Sikat, was...

• Cell Phone Company Sued for Early Termination Fee

  Elaine Mandel | November 14, 2006 10:42 AM | 2 CommentsLos Angeles, CA

  Cell phone carrier T-Mobile is sued for charging a flat rate $200 early cancellation penalty. The suit seeks damages for consumers in 13 states.Cell phone provider T-Mobile has a flat $200.00 cancellation fee if you decide to switch carriers before your contract term is up. Whether you have a week, a month or a year left on your plan, you get hit with that $200 early termination penalty. Even...

• Federal Suit Alleges Decade-Long Pattern of Violence and Corruption by Los Angeles County Sheriff's Department

  Michael Eyerly | November 03, 2006 5:47 PM | 0 CommentsLos Angeles, CA

  Federal suit alleged Los Angeles sheriff's deputies used excessive force.The parents of the late Devin Eichenlaub filed a lawsuit in federal court this past Wednesday. The suit alleges Los Angeles County sheriff's deputies used excessive force resulting in the death of their son, Devin Eichenlaub. In their suit Mr. and Mrs. Eichenlaub claim their son was beaten to death by "nearly 20 deputies"...