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TRCC in the News
Bill Would Remedy Supreme Court Ruling, Restore Consumers’ Rights to Justice Through Courts
Wednesday, 18 May 2011

Rep. Hank Johnson, Sens. Franken and Blumenthal Introduce Legislation to Protect Legal Rights of Consumers
"Consumers fighting for fundamental rights against giant corporations deserve their day in court," said Sen. Blumenthal. "This new law would protect countless consumers in Connecticut and around the country from powerful companies that take advantage of them. When individuals have legitimate claims against big corporate interests, they have the right to a level playing field. "

Read more...
 
Arbitration Fairness Act 2011 Filed
Wednesday, 18 May 2011

Stand Up For Your Rights
Sens. Al Franken (D-Minn.) and Richard Blumenthal (D-Conn.) and U.S. Rep. Hank Johnson (D-Ga.) will hold a press conference to announce the introduction of legislation that would remedy a recent Supreme Court ruling and restore consumers’ rights to seek justice in the courts. Their bill, called the Arbitration Fairness Act, would eliminate forced arbitration clauses in employment, consumer, and civil rights cases, and would allow consumers and workers to choose arbitration after a dispute occurred.

Read more...
 
New York Times: The billions of dollars in credit extended by Wall Street
Wednesday, 18 May 2011

New York Investigates Banks’ Role in Financial Crisis
The New York attorney general has requested information and documents in recent weeks from three major Wall Street banks about their mortgage securities operations during the credit boom, indicating the existence of a new investigation into practices that contributed to billions in mortgage losses. The possibility has also been raised that the banks did not disclose to mortgage insurers the risks in the instruments they were agreeing to insure against default. Another potential area of inquiry — the billions of dollars in credit extended by Wall Street to aggressive mortgage lenders that allowed them to continue making questionable loans far longer than they otherwise could have done.

Read more...
 
Texas HOA Reform Nears Passage
Wednesday, 18 May 2011

HOA Reform Coalition Supports CSSB 142
Priority of Payments Provision would apply payments in this order: 1) any delinquent assessments; 2) any current assessment; 3) any attorney fees or third party collection costs. Homeowners have been trying to get meaningful legislation for more than a decade. The present laws have allowed HOA abuse and tens of thousands of foreclosures across the state - devastating to both  homeowners and to property values.

Read more...
 
Million-Dollar Wasteland: A Washington Post Investigation
Sunday, 15 May 2011

A trail of stalled or abandoned HUD projects
The federal government’s largest housing construction program for the poor has squandered hundreds of millions of dollars on stalled or abandoned projects and routinely failed to crack down on derelict developers or the local housing agencies that funded them.  Nationwide, nearly 700 projects awarded $400 million have been idling for years, a Washington Post investigation found. Some have languished for a decade or longer even as much of the country struggles with record-high foreclosures and a dramatic loss of affordable housing.

Read more...
 
The Marine Corps Times:
Sunday, 15 May 2011

Homeowners group fights Marine family’s banner
In January, following Corey Burr’s deployment to Afghanistan, Burr and her husband, Timothy, put up a large multi-colored banner with their 20-year-old son’s Marine Corps portrait and the phrase “Our son defends our freedom” in front of their south Bossier home.  The couple received a letter a month later from the Gardens of Southgate Association stating the banner was in violation of the neighborhood’s covenants. The covenants specify only real estate signs are permitted...the association’s attorney, Geoffrey Westmoreland, informed her she had 10 days to remove the sign or litigation could ensue.

Read more...
 
Pulte-Centex Giant and $900 MILLON Grant
Saturday, 14 May 2011

Nation's largest home builder asked to account for $900 million grant
In 2010 Pulte Group received $900 million from the Worker Home Ownership and Business Assistance Act of 2009. Pulte had lobbied for the bill's passage. The act was intended by Congress and President Obama to be a job-creation measure. One year later, workers are still waiting for those jobs.  While Dugas remains free to enjoy the life a salary and compensation of $6.6 million (his total for 2010) can bring, a coalition of labor, faith and social justice advocates are increasingly putting Pulte in the spotlight. And, their anger is growing.

Read more...
 
Homebuilder Association Official and Friends Life of Crime
Saturday, 14 May 2011

Bogus lawmen
Four men have been charged with committing armed robberies at homes in Wilkes and two other area counties after displaying bogus search warrants, falsely portraying themselves as law enforcement officers and binding many of their victims with zip ties... Collins was state director of the Wilkes County Home Builders Association in 2009, president of the association in 2010 and is currently a regional vice president of the N.C. Homebuilders Association. He was identified as owner of CNC Construction Co., which was dissolved by the N.C. Secretary of State’s office in 2004.

Read more...
 
Arbitration Fairness Act filed
Friday, 13 May 2011

Senators Al Franken, Richard Blumenthal and Cong.Hank Johnson file the Arbitration Fairness Act 2011

Pre-dispute Binding Mandatory Arbitration (BMA), also called Forced Arbitration, is an insidious way for employers and companies to evade accountability to clients, employees, and consumers.  It's a practice, which traps people into waiving their rights to sue, participate in a class-action lawsuit, or to appeal an unfair ruling.

Read more...
 
Pulte-Centex Sinking Feeling: Homes Sinking, Cracking In NE Neighborhood
Friday, 13 May 2011

Fairhaven Residents Fear Further Damage To Homes, Retaining Walls
"The house is moving and sinking," said Brian Benavides. "It's scary," said Peggy Benavides.The Benavides said they found cracks in their new home, contacted Pulte and the builder came in and tore the home apart, patching cracks, filling holes and putting dozens of beams underneath to support the foundation. Still, the couple questions whether the cracking and shifting will continue. They said the problem has returned slowly because the land is sinking and sliding. The playground wall has already been repaired and so has the sidewalk. Chunks are missing from curbs and huge gaps are appearing between sidewalks and driveways and garages and driveways.

Read more...
 
Good intentions Could Make Texas HOA Bad Business Legal
Wednesday, 11 May 2011

HOA Reform or a Lucrative Funded Mandate 
In response to a multitude of major news reports depicting abusive actions by Home Owners Associations (HOA), boards and vendors, Texas lawmakers have seen some sixty (60)) plus reform bills filed.  Although the intent may be good, some of these bills may well enable an unrestrained funded mandate to siphon more money from homeowner for the benefit of builders, developers and management companies.

Read more...
 
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Reckless Endangerment
BY: GRETCHEN MORGENSON
and JOSHUA ROSNER

Outsized Ambition, Greed and
Corruption Led to Economic Armageddon


Amazon
Barnes & Noble

 Feature
Rise and Fall of Predatory Lending and Housing

NY Times: Building Flawed American Dreams 
Read CATO Institute: 
HUD Scandals

Listen to NPR:
Reckless Endangerman
by
Gretchen Morgenson : How 'Reckless' Greed Contributed
to Financial Crisis - Fannie Mae

 Texas, First Home Lemon Law Debated in the Nation

NPR Special Report
Part I Listen Now
Perry Home - No Warranty 
Part II Listen Now
Texas Favors Builders

Consumer Affairs Builder Complaints

 TRCC Implosion
 TRCC Shut Down
 Sunset Report

IS YOUR STATE NEXT?
As Goes Texas So Goes the Nation
Knowledge and Financial Responsibility are still Optional for Texas Home Builders

Texas Regulates Homebuyers
 
Texas Comptroller Condemns TRCC Builder Protection Agency
TRCC is the punishment phase of homeownership in Texas

OUTSTANDING FOX4 REPORT
TRCC from Bad to Worse
Case of the Crooked House

Washington Post
The housing bubble, in four chapters
BusinessWeek Special Reports
Bonfire of the Builders
Homebuilders helped fuel the housing crisis
Housing: That Sinking Feeling

TRCC AN ARRESTING EXPERIENCE
The Pat and Bob Egert Building & TRCC Experience 

Build it right the first time
An interview with Janet Ahmad

KB Home Bombs
KB Goes Unpunished for Building Community on Bombs
Taxpayers Pay $2.6 Million
KB Attempts to Bribe Woman

KB HOME FEATURES
Legislators, HUD & FTC
Respond to complaints
HUD Fines KB Home$3.2M
FTC Fines KB Home $2M


ABC 20/20 - KB Home built on bombs
KB to build on Worst Nnuclear Meltdown Site
Why KB Profits are Greater
Special Reports - Read More...
See KB Homeowners Protest and Get Results
 WFAA's Bryan Harris Investigates KB Home & Bombs

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 Texas Homebuilder
Bob Perry Political Contributions

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Tort Reform

NPR Interview - Perry's
Political influence movement.
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Pulte Homeowner Survey
Warranty & Mortgage Experience
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 Feature: Mother Jones Magazine
Are you Next?
People Magazine - Jordan Fogal fights back
Because of construction defects Jordan’s Tremont Home is uninhabitable
http://www.tremonthomehorrors.com/
You could be the next victim
Interview with Award Winning Author Jordan Fogal

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