Update: Wells Fargo and Carrington Mortgage Holdings, LLC, the servicer for Niko Black’s home, contacted Huffington Post editors about this blog post on Thursday, November 1, 2012 claiming that the facts were wrong. “Both of the key premises of this article are factually incorrect,” they wrote. Wells Fargo's Communication Manager, Elise Wilkinson wrote:

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Landmark Lawsuit First to Link Bundling of Mortgage-Backed Securities and Racial Discrimination; Suit Charges Violation of Fair Housing Act

Morgan Stanley discriminated against black homeowners and violated federal civil rights laws by providing strong incentives to a subprime lender to originate mortgages that were likely to be foreclosed on, according to a groundbreaking lawsuit filed today.

The first debate between Scott Brown and Elizabeth Warren was riddled with racial undertones and cheap shots from Brown on Warren’s heritage among other things. The following week, a video of Brown’s staffers was released showing them making tomahawk gestures and yelping like Injuns from an old episode of F-Troop with the Hekawis. Brown isn’t the only member of the GOP to stoop to racially charged innuendos however. Apparently, Romney campaign staffers are having a good ole time having their friends and family spread a video of “Obama Phone” on social media (see image). This is another bogus swipe that reeks of desperation and can be easily refuted in less than ten minutes with a Google search.

The first debate between Scott Brown and Elizabeth Warren was riddled with racial undertones and cheap shots from Brown on Warren's heritage among other things. The following week, a video of Brown's staffers was released showing them making tomahawk gestures and yelping like Injuns from an old episode of F-Troop with the Hekawis. Brown isn't the only member of the GOP to stoop to racially charged innuendos however. Apparently, Romney campaign staffers are having a good ole time having their friends and family spread a video of "Obama Phone" on social media. This is another bogus swipe that reeks of desperation and can be easily refuted in less than ten minutes with a Google search.

You may remember some hubbub back in February about some talks involving a $26 billion settlement that was supposed to provide relief to nearly two million American homeowners. Many homeowner activists, bloggers, and homeowners themselves saw the settlement is nothing more than another giveaway to placate the banks and servicers. It’s starting to look as though they were right.

Despite the warnings, outrage, and in some cases pleading, some of the biggest voices in the consumer advocacy community touted the settlement as a positive thing for homeowners.