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...]

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...]

Under Pressure From The NYDFS, Ocwen Ends Forced Place Insurance Policy

Kevin Dugan, NY Post Billionaire Bill Erbey is starting to bend. Bowing to months of regulatory pressure, Altisource Portfolio Solutions — part of a web of Erbey-controlled companies with ties to … [Read more...]

Maryland Overtakes Florida for Nation’s Highest Foreclosure Rate

 Brian Honea, DS News A surge in foreclosure activity for Maryland in October pushed the state into the top spot among states with the highest foreclosure rate in the nation, according … [Read more...]

Indie Newspaper Stands Up To Detroit Demigod Dan Gilbert

Dan Gilbert

As Mainstream Media Treats Dan Gilbert Like A White Jesus, The Metro Times Detroit Asks, "What kind of track record does Quicken Loans really have in Detroit?  Ryan Felton, Metro Times Detroit On … [Read more...]

NYDFS Director Lawsky Tells Governor Cuomo, “Take This Job An Shove it!”

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Homeowners' Voice In Albany To Resign In January The New York Daily News published a story on Monday stating that several key people in New York Governor Anderw Cuomo's administration will be … [Read more...]

Could Fallout From The NYDFS Investigation Bankrupt OCWEN?

Mr. Monopoly broke

OCWEN Could Be In Serious Trouble If Other States Jump On NY's Investigation Bandwagon The backdated letter scandal that has rocked Ocwen Financial and caused it's stock to lose over 30% of it's … [Read more...]