Citigroup Fined $8.6 Million By Federal Reserve For Robo-Signing Related Issues The Federal Reserve leveled an $8.6 million fine against CitiGroup on Friday. The Federal Reserve stated the fine was due to the “deficient execution and notarization of certain mortgage affidavits. The issue stems from Citigroup’s exit from the mortgage servicing business back in 2017. The […]
Wall Street Banks screwed major American cities like Chicago A few weeks ago, Ed Walker at Naked Capitalism wrote a piece about a white paper Saqib Bhatti of the Roosevelt Institute wrote last year detailing how Wall Street Banks screwed major American cities out of much needed cash. Bhatti claimed that cities are getting squeezed because […]
Ocwen May Have Dodged A Bullet From California But More Trouble Is In Sight On Friday, California’s Department of Business Oversight said Friday that it will drop its effort to suspend Ocwen Loan Servicing’s mortgage license in California because Ocwen Financial has agreed to pay $2.5 million for failing to prove its compliance with state […]
JPMorgan Chase CEO Jamie Dimon Begins Closing Accounts Of People Employed In The Adult Entertainment Industry JPMorgan Chase made headlines in finance media last year when it refused to give long time Chase customer, Marc L. Greenberg a loan on his California home. Greenberg, the producer behind such late-night Cinemax soft-core porn classics like “Co-Ed […]
County Treasurer Andy Meisner Puts Heat On Congress Over Fannie/Freddie Tax Exemption There’s no shortage of people in Congress that are looking to get their paws on Fannie and Freddie because they share the same outrage that we’ve shared: That these entities were started for a good public purpose and that they have evolved into […]
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