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...]

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...]

Suit Alleges Wells Fargo Fabricated Foreclosure Docs

Wells Fargo should change their logo from a horse drawn stagecoach to the Four Horsemen of the Apocolypse

Suit Alleges Wells Fargo Gave Employees A "How To" Manual On How To Commit Fraud   In other words the the manual is a "How To" book on how to fabricate documents so Wells Fargo can get away … [Read more...]

Activists Want To Start Break Dancing Over Glaski But Its Deja Vu All Over Again

Breakin 2 poster

Activists Keep Saying Glaski Is A Game Changer But They Said The Same Thing About Ibanez   "I don't know whether to shake your hand, or kiss it, or bow, or what. I feel like breakdancing." … [Read more...]

Convicted MI Supreme Court Justice Wants Out Of Camp Cupcake

Former Michigan Supreme Justice Diane Hathaway, her husband and attorney walking out of Federal Court

Hathaway Probably Regrets Not Fighting Allegations By US Attorney Barbara McQuade Former Michigan Supreme Court Justice Diane Hathaway, who confessed to bank fraud while negotiating the short sale … [Read more...]

Wells Fargo to Pay Fannie Mae $591 Million to Resolve Claims

Dakin Campbell, Bloomberg Wells Fargo & Co. (WFC), the largest U.S. home lender, agreed to pay Fannie Mae $591 million to resolve repurchase demands on loans originated before 2009 and sold to … [Read more...]

Miami Files Latino “Ghetto Loans” Lawsuit Against 3 Banks

Miami sues big banks over discriminatory mortgage lending Reuters Miami has sued Bank of America , Wells Fargo and Citibank in U.S. federal court in Florida, for discriminatory mortgage lending … [Read more...]