Mortgage Foreclosure Crisis

Richard (RJ) Eskow, The Mortgage Crisis Dwarfs Almost Everything, provides excellent graphs and statistics

http://www.ourfuture.org/blog-entry/2011031331/time-you-read-why-mortgage-crisis-dwarfs-almost-everything

Ralph Nader on the morgage foreclosure crisis, and fair contracts:

http://nader.org/index.php?/archives/2215-Seeking-Fair-Contracts.html

Theresa Amato argues for a “Civil Gideon” for unrepresented homeowners facing foreclosure:

http://www.nytimes.com/2011/01/23/business/23backpage-WORKFORNEWLA_LETTERS.html

For an overview of the mortgage foreclosure crisis, see this five part series:

http://www.ritholtz.com/blog/2010/10/foreclosure-fraud-for-dummies-1-the-chains-and-the-stakes/

See also this who’s who primer:  

http://www.propublica.org/blog/item/whos-who-in-the-foreclosure-scandal-a-primer-on-the-players

See these websites:

http://www.nclc.org/

For an excellent overview of the problems and potential solutions for loan modification programs, see NCLC lawyer Diane Thompson’s Senate Testimony before the Senate Committee on Banking, Housing, & Urban Affairs: Problems in Mortgage Servicing from Modification to Foreclosure, November 2010 at http://www.nclc.org/issues/hamp-policy-analysis.html

http://www.responsiblelending.org/

4closureFraud

http://stopforeclosurefraud.com/

See also activist suggestions:

http://www.consumerwarningnetwork.com/2008/06/19/produce-the-note-how-to/

http://action.seiu.org/page/speakout/wheresthenote

See also legislation introduced to force a moratorium on foreclosures and the production of the mortgage note:

http://www.kaptur.house.gov/index.php?option=com_content&task=view&id=637#LegislationthatCongresswomanKapturhasintroducedonthefinancialcrisisandWallStreetGreed