FROM Richard Blumenthal
Robo-Signers, Foreclosures and the Battered Housing Market More than 100,000 home mortgages were foreclosed in the month of September, a national record. At the same time, foreclosure fraud is so widespread it threatens economic recovery.
Home Foreclosures and Economic Recovery For the first time in a single month, September saw more than 100,000 home foreclosures . Foreclosure sales are now one-third of the housing market. At the same time, the attorneys general of all 50 states are investigating claims of foreclosure fraud by the entire banking industry. Where is Washington? Is it time for a foreclosure moratorium, or would that bring a grinding halt to the housing market and a threat to economic recovery? We hear the details of foreclosure fraud and why lending practices mean that nobody knows who really own millions of houses.
Why Don't Facts Matter? "Fake News" may have a long history, but social media and 21st Century politics have brought it front and center. One reason for its appeal and its power is the tendency of so many people to cling to their beliefs — even when confronted with contradictory evidence. Today, another look at the Emotional States of America.