Napping German Banker Accidentally Transfers Millions Of Euros

By 06.11.13

Huffington Post An obviously tired German bank employee fell asleep on his keyboard and accidentally transformed a minor transfer into a 222 million euro ($293 million) order, a court heard … [Read more...]

Filed Under: Financial News

Mortgage Fraud Kingpin Fails To Report To Federal Prison

By 06.7.13

Judge Issues Arrest Warrant   Ronnie Duke, the habitual criminal who rose to become the kingpin of a multi-million dollar mortgage fraud operation has failed to report to federal prison in … [Read more...]

Filed Under: Detroit Stuff, Michigan, Mortgage News, Steve's Blog

Schneiderman Targets HSBC Over Foreclosures

By 06.6.13

David McLaughlin, Bloomberg HSBC Holdings Plc (HSBA) broke New York foreclosure law and put homeowners at greater risk of losing their homes, according to New York Attorney General Eric … [Read more...]

Filed Under: Mortgage News, New York

Wells Fargo settles allegations over foreclosed homes

By 06.6.13

Mary Ellen Podmolik, Chicago Tribune The National Fair Housing Alliance and 13 of its members, including two suburban Chicago groups, will receive $27 million from Wells Fargo to resolve a … [Read more...]

Filed Under: Mortgage News

Why Isn’t The Detroit Emergency Financial Manager Doing This?

By 06.5.13

Alabama County Fights JPM-Chase & Gets Over 50% Taken Off Bond Debt   “I got to get the politics lined up. And, of course, we have to pick the partners who are going to get free money … [Read more...]

Filed Under: Detroit Stuff, Financial News, Michigan, Steve's Blog

As Billionaire Bankers Threaten To Leave The UK, Volunteers Offer To Drive Them To The Airport

By 06.4.13

A new website out of Great Britain called  We Will Drive Them To The Airport  proudly proclaims if any banker want to leave the UK because they can't make enough money or receive their bonuses then … [Read more...]

Filed Under: Steve's Blog

Is The Federal Reserve Afraid Of A Little Healthy Competition?

By 06.1.13

Is the Government Trying to Kill Digital Currency?   Rob Blackwell, American Banker The regulatory crackdown on Liberty Reserve is stoking fears that banks may soon begin severing … [Read more...]

Filed Under: Financial News

Are Michigan GOPers Using Mortgage Banking Theories Created On Fantasy Island?

By 05.30.13

GOP Sponsored Foreclosure Bills Would Cost Banks Money & Would Not Speed Up Foreclosures   As I wrote about last week, the GOP dominated Michigan Legislature is using legislation written by … [Read more...]

Filed Under: Michigan, Mortgage News, Steve's Blog

N.Y. Assembly Passes ‘Shadow Docket’ Legislation

By 05.29.13

Daniel Wiessner, Reuters The New York State Assembly this week approved a bill designed to expedite residential foreclosure cases by requiring lenders to file mandatory paperwork earlier in the … [Read more...]

Filed Under: Mortgage News, New York

New Jersey Man Sentenced To Six Years In Prison For Loan Fraud

By 05.27.13

PHILADELPHIA - Robert Coyle, Sr., 68, of Glassboro, New Jersey, was sentenced today to 72 months in prison for a loan fraud scheme that attempted to swindle more than $10 million from three banks.  … [Read more...]

Filed Under: Mortgage News, Pennsylvania
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