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...]

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...]

Wells Fargo finds mortgage myths hamper home purchases

PETER RUDEGEAIR, Reuters, Getting a mortgage in the United States may be easier than many borrowers think, according to a survey released Monday by Wells Fargo & Co (WFC.N), the largest U.S. … [Read more...]

New York State Deepens Investigation Into Ocwen

Kimberly Miller,  Palm Beach Post New York’s Department of Financial Services deepened its investigation this week of West Palm Beach-based Ocwen Financial Corp. with a letter questioning an … [Read more...]

NY Appellate Bitch Slaps Wells Fargo

Catherin Curan, New York Post In a decision that will have enormous ripple effects through local foreclosure cases, a powerful New York court hit Wells Fargo for failing to negotiate in good faith … [Read more...]

Mortgage Crisis pickets Hits Wells Fargo In Midtown Manhattan

Catherine Curan, NY Post Manhattan’s residential real-estate scene is roaring back — but don’t look across the river. The shadow of the foreclosure crisis is fading fast in tony enclaves like … [Read more...]

Wells Fargo Has To Produce Fraudclosure Manual To Federal Judge

Catherine Curan, NY Post Wells Fargo is in a federal judge’s hot seat. America’s largest mortgage servicer just lost the battle to keep its controversial Wells Fargo Home Mortgage Foreclosure … [Read more...]

OCWEN CEO Says NY State’s Blocking Of Wells Fargo/OCWEN MSR Deal Freezes All MSR Deals

Erbey

Trey Garrison, Housing Wire During the conference call for Home Loan Servicing Solutions (HLSS) first-quarter earnings, HLSS Chairman William Erbey said the New York Department of Financial … [Read more...]

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...]

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...]