South Florida Law Blog

Roy Oppenheim’s commentary was originally published in US News and World Report’s Home Front Blog and is being redistributed on South Florida Law Blog with their permission I have come to keep my expectations low every time a new housing fix gets unveiled, that way I am never disappointed. Whether it’s the national mortgage settlement or the Independent Foreclosure Review, […]

Dear Mr. President: As you know historically, since the great depression, refinancing mortgages has been this country’s exit strategy when it comes to pulling us out of the economic ditch. So it’s nice to see that you are now pushing Congress to pass refinancing reform. It’s the most effective and efficient way to craft a bailout that actually helps everyone. […]

Well the dog-and-pony show that was JP Morgan Chase shareholders meeting came and went. If you blinked, you probably missed it. Jamie Dimon’s heart-to-heart with his shareholders lasted a whopping 50 minutes on Tuesday. Apparently that was all the time he felt he needed to trot out the same apology speech he gave on Meet the Press, and then duck […]

The Jamie Dimon Apology Tour is in full swing. Perhaps you caught the first stop on this weekend’s Meet the Press. The chairman of JP Morgan Chase is trying to play us for suckers, publicly apologizing for his bank’s $2 billion loss. He called it an “egregious mistake”. He claims he want to get rid of “Too Big To Fail”, […]

It never ceases to amaze me the glaring duality of the world I live in. I am constantly reminded that we live in world where you and I have to play by one set of rules, yet the vast financial complex that resides on Wall Street isn’t held to even a fraction of those standards. The latest example comes way […]

Florida Attorney General Pam Bondi is now asking for the public’s input on what she should do with the $300 million the state will be receiving directly from the national mortgage settlement. She is openly soliciting your suggestions through her website from now until May 14th. As a foreclosure defense attorney and one of the people on the front lines […]

“Let me be frank. Our banks earn profit too easily. Why? Because a small number of large banks have a monopoly.” Sounds like something I would have said. Or something our president SHOULD be saying. Except here’s the thing. The elected official quoted isn’t talking about our own corrupt banking system. The quote above came from the prime minister of […]

Judge Signs $25 Billion Foreclosure Settlement It’s finally official. The so-called $25 billion foreclosure settlement has been signed off by a federal judge. This comes after the settlement was filed in court last month. DC District Judge Rosemary Collyer did the honors Wednesday. I won’t rehash my thoughts about what’s good and what’s bad about this settlement. Everything that needs […]