Supreme Court Bends Over for Mortgage Banks

With very little fanfare the Supreme Court ruled in favor of Wachovia Bank in the Watters vs. Wachovia case last week. The case was about whether a subsidiary mortgage company of Wachovia Bank should be governed by state laws or federal law. Most of the big mega banks we are all familiar with (WAMU, BofA, [...]

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Say No to HB4050

Folks, the clock is ticking as there are only 45 days for the public to comment on House Bill 4050. Comments must be submitted before May 21st. If you don’t think the State of Illinois should be forcing mandatory counseling on borrowers in Cook County, you need to take five minutes and let them know [...]

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Cook County Residents Are Stupid

“The definition of insanity is continuing to do the same thing over and over again expecting different results.” – Rita Mae Brown (Or Einstein depending on the source).
I have resisted writing on this topic for sometime now, but I can no longer bite my tongue (or keyboard). Several months ago, Governor [...]

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