AOL News is joining forces with The Huffington Post to bring you the best original reporting, insight and opinion on the web. Join HuffPost Social News using your AOL account!

mortgage defaults News

mortgage defaults News From AOL News

Robo-Signing: Looks Like Citi and Wells Fargo Did It, Too

Oct 2nd 2010 – 2:50PM
David McNew/Getty Images

David McNew/Getty Images

Documents submitted to a court are supposed to be true as submitted. As an attorney, if I file with a court a document in which I swore that I personally verified the information contained within the document is true, but I didn't actually do that, I'd get in real trouble. It's simple: That's fraud in the eyes of the court.

Is Montgomery's Demolition Policy a New Form of Civil Rights Abuse?

By Paul WachterSep 20th 2010 – 11:55AM

(Sept. 20) -- Over the past decade, hundreds of homes in Montgomery, Ala., have been declared blighted and demolished, with homeowners -- disproportionately African-American and impoverished -- unable to do much about it. This is much worse than eminent domain grabs in other parts of the country, where property owners...

No One Should Have Been Surprised by the Plunge in Home Sales

By Paul WachterAug 25th 2010 – 10:15AM

(Aug. 25) -- Whenever there's housing news, I turn to economist Dean Baker, one of the few to foresee the housing bubble, for insight. He takes issue with this sentence from today's Washington Post story: "Analysts had expected sales to decline following the expiration of a federal tax credit for homebuyers this spring,...

Background on mortgage defaults

more at wikipedia »