From Strictly Business Blog: National mortgage servicing giant Freddie Mac has barred its loan servicers from referring any new foreclosure or bankruptcy cases in New York State to Steven J. Baum PC, delivering a severe blow to a firm that depends on such work. According to a new bulletin posted…
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From USA Today: Foreclosure sales are moving so slowly in half the states that at the current pace, it will take more than eight years on average to clear the 2.1 million homes in foreclosure or with seriously delinquent mortgages, new research shows. That’s about twice as long as a…
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From Center for American Progress: In the latest CBS/New York Times poll, by an overwhelming 40-point margin, the public endorses the idea that money and wealth in the country should be more fairly distributed (66 percent) over the idea that the current distribution is fair (26 percent). Click here for…
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From Roll Call: Members of Congress had a collective net worth of more than $2 billion in 2010, a nearly 25 percent increase over the 2008 total, according to a Roll Call analysis of Members’ financial disclosure forms. Nearly 90 percent of that increase is concentrated in the 50 richest…
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See also Lawyers and Activists Arrested in Brooklyn Courtroom While Stopping Foreclosures with Song (VIDEO) Occupy Wall Street movement hits Brooklyn — and nine are arrested Mr. Auctioneer! New Yorkers Call for Moratorium on Foreclosures, Oct. 13 (6)
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The only woman of color on the Supreme Court, Justice Sotomayor, is the only sitting justice on the Court with negative net worth, further illustrating how the racial wealth gap operates at all levels. Ginsburg and Breyer are the wealthiest judges on the Court. From The Center for Responsive Politics:…
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A new study finds that black women have lost more jobs than black men since the recession began in December 2007, notwithstanding the fact that most black women are the heads of family households, thereby making black women even more economically vulnerable. From Crains New York: While the recession hit…
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