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From the Majority Report, live MF 11:30am EST and via daily podcast at Majority.FM Looking deeper into the mortgage fraud settlement reveals just exactly what the banks get out of it…

Recently, the federal government announced that they had reached a billion dollar settlement with the nation’s biggest banks to repay the victims of the mortgage industry’s greed and corruption. These banks have swindled millions of Americans out of their homes, and until recently, had received little more than a slap on the wrist from federal [...]

The government recently announced a lessening of restrictions for the Home Affordable Refinance Program or HARP to take off the limits on how underwater you are. Since Oklahoma is not an underwater mortgage state since we had no bubble pricing this does not help us that much, plus if you have been late one time [...]

Feb. 29 (Bloomberg Law) — Barry Ritholtz, CEO for Fusion IQ and founder of The Big Picture blog, talks with Bloomberg Law’s Lee Pacchia about the recently announced settlement between 49 state attorneys general and a number of banks regarding improper foreclosure practices. Ritholtz contends that this settlement represents a choice by the Department of [...]

More NEWS at www.newzzcafe.com In a move that could either send BAC stock limit down overnight or send it soaring (we are still trying to figure out just what is going on here), the NYT has broken major news that the US is preparing to go nuclear on more than a dozen big banks among [...]

Hon. James David Manning, PhD says Banks need to show you the mortgage before the foreclose on your home. Recorded on 7 December 2011. Go to atlah.org for more information.

CBS 60 Minutes Interview: Who Owns Your Mortgage? MERS Stops Foreclosure… www.bankfraudblog.com

www.nddproperties.tv A Mortgage Loan modifications generally aim to achieve a specific goal create a payment that’s affordable for the borrower. Most borrowers have the mindset that the process is long, difficult and lenders are not motivated or open to modifying a loan because it is easier for them to initiate foreclosure.

LA Times consumer columnist David Lazarus says the banks themselves may be the biggest winners when it comes to the -billion mortgage settlement.