Russian Bank Will Give You a Free Cat With Your Mortgage

Adam Weinstein · 08/27/14 01:20PM

Thinking of buying a new home in Moscow Oblast, but still on the fence? Perhaps a cat will convince you. Sign the promissory, take the cat. Look, cute cat! Это красивая кошка! Just hold him for a sec. Awwwwwwwww. Now, do you want a fixed-rate or a 5/1 ARM?

Top Foreclosure Firm Threw Homeless-Themed Halloween Bash

Max Read · 10/29/11 02:50PM

If you're one of the nation's top "foreclosure mill" law firms—representing Citigroup, JPMorgan Chase, Bank of America and Wells Fargo in their attempts to foreclose on homes and evict homeowners—what better way to celebrate Halloween than by throwing a party where everyone comes as a dirty, homeless victim of your practice?

All the Powerful People Really Hate New York AG Eric Schneiderman

Jim Newell · 08/24/11 04:27PM

Things are going about as expected for New York Attorney General Eric Schneiderman when he decided to take on the full brunt of the White House and the largest megabanks in the country by trying to investigate the full load of their mortgage-related crimes over the past decade: Somewhat difficultly.

Couple Attempts to Seize Bank of America's Furniture, Computers

Max Read · 06/04/11 12:55PM

Florida homeowners Maurenn Nyergers and her husband paid for their home in cash, and never took out a mortgage, so when Bank of America filed foreclosure papers on the house, they took the bank to court, and won. And when Bank of America wouldn't pay their legal fees — as it was ordered to by the court — their attorney, Todd Allen, decided to seize its assets, in person, with movers and sheriff's deputies in tow.

Panic Is Perfectly Rational

Hamilton Nolan · 05/11/10 11:06AM

Walking away from your hopelessly underwater mortgage: everyone's doing it! But a new study says that these "strategic" defaults ("strategic"= commonsensical) are driven by anger and fear, not rational calculation. Well. There are plenty of reasons to be angry.

Inside Goldman Sachs' White Castle Hamburger-Eating Contest

Jeff Neumann · 04/26/10 04:28AM

Did you know that traders at the troubled investment bank are legendary health nuts? It's true! So could a fastfood eating contest between 10 mortgage traders at the firm have lead to the housing market collapse of 2007?