Items Tagged with 'Nevada foreclosure crisis'

ARTICLES

  • Embattled Nevada housing agencies respond to allegations of wasted millions

    Agencies suggest newly enacted changes should help more struggling homeowners
    A recent bombshell report from a federal watchdog suggested that the agency in charge of Nevada’s portion of the government’s Hardest Hit Fund wasted $8.2 million that should have funded the program’s administration costs, while at the same time, drastically cutting the number of struggling homeowners admitted to the program. Now, the agency in question is responding to those charges, and claiming that the amount of wasted money is far less than the watchdog suggests – $8 million less, to be exact.
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  • "Pervasive culture of waste and abuse" discovered in Nevada Hardest Hit Fund program

    Investigation finds contractor wasted $8.2M as help dried up for homeowners
    Thanks to what investigators are calling a “pervasive culture of waste and abuse,” millions of dollars from the federal government that were supposed to help struggling Nevada homeowners keep their homes instead went to pay for cars, holiday parties, employee bonuses, employee gifts, employee outings, staff lunches, and a number of other wasteful expenses, a scathing investigation by a federal watchdog found.
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  • Nevada Appeals Court tosses $107 million mortgage fraud penalty

    8th Amendment rescues Melissa Beecroft
    A Nevada woman who was once part of the largest mortgage fraud schemes in the history of the state will no longer forfeit $107 million after a federal court of appeals overturned part of her penalty because it violated the Eighth Amendment, which prohibits the government from imposing "excessive fines" and "cruel and unusual punishments."
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  • Nevada foreclosure crisis hurting Clinton, Sanders' efforts to get votes

    With Democratic caucus approaching, candidates' voter lists insufficient
    With the Nevada Presidential caucuses looming, the two major candidates for the Democratic nomination are struggling to contact potential voters thanks to voter lists that are out of date and insufficient due to the deep impact of the foreclosure crisis in the state.
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