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Their policies set the market, yet they have refused to implement basic foreclosure best practices, such as ensuring that a family is not foreclosed on at the same time the servicer is verifying their eligibility for a modification.
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Now, he can do the "intake" on foreclosure cases recording basic data on the client and the case and instantly share that information with his partners on the other side of the state.
But among the legal violations uncovered in the analysis were cases where the loan servicer did not provide borrowers with a notice of default before beginning the eviction process; 8 percent of the audited foreclosures had that basic defect.
Fought as the country was struggling to emerge from its worst recession in decades, the 2009 election brought basic economic issues — job losses, foreclosures, taxes — to the fore in many state and local races.
The basic pattern, said Josh Zinner, coordinator of the foreclosure prevention project for the elderly at South Brooklyn Legal Services, "is that people who are financially unsophisticated are targeted".
The basic assumption underlying the approach is that if foreclosure coincides with a change in management, it will lead to changes in vegetation structure and thus, NDVI values.
Earlier this month Judge Lippman delivered a Law Day speech in Albany arguing for an even broader vision of justice, one that includes guaranteeing a lawyer for poor people in civil disputes where basic needs are at stake, like evictions and foreclosures.
Disclosures by big banks that they employed people whose sole job was to essentially rubber-stamp foreclosure documents without reading them or verifying basic facts led firms like JPMorgan Chase, Wells Fargo and Bank of America to halt home repossessions beginning in late summer and early fall.
Basic economics argues for a robust plan to stanch foreclosures and thereby protect the taxpayers' $700 billion investment.
Unemployment rates keep rising each month, the foreclosure crisis is at a peak, and prices for basic necessities such as food are increasing at alarming rates.
"Some prominent firms have even been mired in scandals that violate the most basic ethical norms - Libor and foreign exchange rigging, money laundering, illegal foreclosure".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com