| Jun 6, 2014
| 10:34 PM
Much of what Los Angeles City Atty. Mike Feuer alleges in his lawsuits against four big banks for their mortgage and foreclosure practices isn't debatable.
In his latest lawsuit filed May 30 against JP Morgan Chase, Feuer alleges that mortgage lenders...
| Jan 10, 2013
| 9:13 AM
Government officials are unveiling new mortgage lending guidelines designed to curtail risky loans that led to the housing bust.
From the Chicago Tribune: For most borrowers, the rules will mean no more interest-only mortgages, no more loans where...
| Aug 8, 2011
| 5:27 PM
Investors watched stock markets swoon and economists fretted about the nation's fragile recovery on the first day of trading after the unprecedented downgrade of the nation's credit rating.
But amid the gloom Monday were a few bright spots for consumers:...
| Dec 9, 2011
| 8:13 AM
For homeowners looking to upgrade — or downsize — their residences, it's a difficult chicken-or-egg question: Which comes first, buying a new place to live or selling an old one? Each situation presents a potentially thorny set of issues.
| Dec 21, 2011
| 1:08 PM
WASHINGTON—Illinois Atty. Gen. Lisa Madigan and federal officials today announced a $335 million national settlement with Bank of America stemming from former mortgage giant Countrywide allegedly steering minority borrowers into subprime loans and...
| Jan 6, 2012
Like many homeowners, John Kennedy bought his Chicago condo when home prices were high. But when he got married and wanted a bigger place, selling his condo seemed out of the question because he owed more on his home than it was worth.
The solution for...
| Jul 28, 2011
| 11:17 AM
The Chicago City Council passed legislation today that makes banks and other financial companies more accountable for problems inside thousands of abandoned buildings.
The ordinance, which passed unanimously, faced adamant opposition from the financial...
| Apr 3, 2012
| 3:00 PM
The following is a transcript of President Obama's politically-charged remarks Tuesday afternoon at an Associated Press luncheon framing the general election campaign, as released by the White House.
Obama: "Thank you very much. (Applause.) Please have...
| Apr 11, 2012
| 9:27 AM
Butler Rubin Saltarelli & Boyd (Butler Rubin) isn’t your average law firm. For one, it’s fairly uncommon to find a firm of its size dedicated solely to complex commercial litigation. But then again, the 36-attorney boutique doesn’t...
| Jan 23, 2012
| 5:47 PM
As state attorneys general across the country consider whether to settle with big banks over shoddy and illegal foreclosure practices, some Marylanders are urging Douglas F. Gansler not to sign on the dotted line.
Their efforts are part of a nationwide...
| Jan 29, 2012
In this week's State of the Union address, President Obama announced to cheers the formation of a new Justice Department unit tasked with going after the big banks and mortgage companies whose reckless lending led to the collapse of the housing market and...