Faulty MBS Lawsuit Against Wells Fargo Can Proceed

Brenna Swanson, Housing Wire A lawsuit over an alleged $1.5 billion subprime mortgage-backed securities fraud scheme against Wells Fargo (WFC) and Fortis Securities cleared a significant hurdle … [Read more...]

Big Shot Foreclosure Mill Lawyer Assaults Homeowner’s Lawyer Inside Court House

Angry lawyer

Foreclosure Mill Attorney Goes Nuts After Judge Rules Against Him   "He was trying to send me a message that if you fight the big firm, I’m going to crush you,” -Foreclosure Defense Attorney … [Read more...]

NY AG Schneiderman shrugs off loss of control over housing settlement money

KEN LOVETT, NY Daily News Attorney General Eric Schneiderman doesn't care who controls the state's share of the JP Morgan Chase housing settlement funds as long as they go toward their intended … [Read more...]

New York Demands Data From Mortgage Firm Nationstar

MICHAEL CORKERY, NY Times New York State’s top banking regulator is raising questions about the capabilities of the mortgage servicing firm Nationstar Mortgage Holdings, demanding details about the … [Read more...]

New Laws Prohibiting Dual Tracking in the Foreclosure Context

 Amy Loftsgordon, Nolo Dual tracking occurs when a mortgage holder continues to foreclose on a homeowner’s home while simultaneously considering the homeowner’s application for a loan modification. … [Read more...]

Credit Suisse Helped The Nazis Steal In Europe Now They’re Trying To Steal From Jamaicans In NY

Swiss Miss

Credit Suisse Is Now Turning The American Dream Into A Nightmare For Thousands Of Jamaicans In NY     " The system concedes nothing without demand, for it formulates its very method of … [Read more...]

Convicted Mortgage Fraudster Lee Farkas Wants His Mommy

Lee Farkas mugshot

He Says Prison Is Depressing And He Is So Lonely That He Feels Like A Zombie   "Is there anything else I can help you with? Perhaps you'd like an 11-year old prostitute sent to your room. We … [Read more...]

Interesting Analysis Of The Fannie/Freddie Conservatorship

fhfa-Penguin

You may have never heard of Professor David J. Reiss or the Brooklyn Law School that he teaches at but we have and its a probably one of the most underrated law schools in New York. Matter of fact, … [Read more...]

NY AG & Bank Regulators Want To See Wells Fargo’s Foreclosure Manual

Wellls Fargo unleashes the Four Horsemen of the Apocalypse on New York homeowners

Lawsuit Opens Up Scrutiny On Wells Fargo As Watch Dogs Pounce   Wells Fargo's alleged "How To" manual for committing foreclosure fraud has gotten the attention of New York Attorney General … [Read more...]

Audit Of DOJ’s Mortgage Fraud Effort Shows Homeowners Are On Their Own

Greedy Business Partners

DOJ Makes Financial Crimes Low Priority and Even Lied About Enforcement   "Gentlemen, congratulations.  You're everything we've come to expect from years of government training." -Zed, Men In … [Read more...]