Foreclosure Defense Firm Claims CFPB Rule Violations

Samantha Joseph, Daily Business Review A Miami foreclosure defense law firm is gearing up to take on lenders that it claims are violating federal mortgage servicing rules issued in January. Jacobs … [Read more...]

NYDFS & OCWEN Reach Deal: $150 Million Fine W/ CEO Erbey Shown The Door

Former OCWEN CEO William Erbey

NYDFS's Lawsky Exits His Post In A Blaze Of Glory     James Sterngold and Alan Zibel at the Wall Street Journal report that the New York Department of Financial Services and Ocwen … [Read more...]

Pandemonimium Breaks Out As Treasury Releases New TILA Guidebook

People eagerly waiting outside the Government Printing Office to be the first to get Treasury's new TILA Guidebook

After Camping Out In Front Of The U.S. Printing Office For Weeks, Hordes Of Finance Geeks Get First Look At The U.S. Treasury's New 224 Page Truth-In-Lending Guidebook   The U.S. Treasury's … [Read more...]

Convicted Mortgage Fraud Kingpin Attempts Shawshank Style Prison Break

Convicted mortgage fraud kingpin with one of his paid stripper friends

Except Ronnie Duke Quickly Learns He's No Andy Dufresne   Ronnie Duke, the habitual criminal who rose to become the  the stripper-employing kingpin of a multi-million dollar mortgage … [Read more...]

Hey Andrew Cuomo, You Don’t Know What You Have Until It’s Gone!

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NY Consumers Lose Their Financial BFF With NYDFS Benjamin Lawsky's Departure ICYMI-Last week, John Wilen at Forbes wrote a great piece about New York State Department of Financial Services … [Read more...]

This FHA Foreclosure Defense Strategy Stops Lenders In Their Tracks

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Now An Ohio Legal Aid Firm Is Now Taking It To Another Level   Most attorneys have been arguing what I call the "Paragraph 22" argument for awhile and it refers to Paragraph 22 that appears in … [Read more...]

Wells Fargo And DOJ Won’t Be Putting On Pilgrim Hats Any Time Soon

No Settlement In Mortgage Fraud Case   Patricia Hurtado, Bloomberg Lawyers for the U.S. and Wells Fargo & Co. (WFC) told a judge they doubt they can reach a settlement in a government … [Read more...]

NJ Homeowner Beats SLS &BNY-Mellon Gets House Free & Clear

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Oops! SLS Misses New Jersey's Six Year Statute of Limitations   "The debtor retains the property, free of any claim of the defendants...The court will proceed to gargle in an effort to remove … [Read more...]

MSR deal between Wells Fargo and Ocwen is officially dead

Ben Lane, HousingWire The long-delayed $2.7 billion mortgage servicing rights deal between Ocwen Financial (OCN) and Wells Fargo (WFC) is now dead, the companies announced late Thursday. According … [Read more...]

BofA & Citi Selling Soured Loans To Hedge Funds

Bank of America, Citigroup Said to Sell Soured Home Loans   Heather Perlberg, Bloomberg Bank of America Corp. and Citigroup Inc. (C) are selling multiple pools of soured U.S. mortgages to … [Read more...]