Ocwen Robo-Witnesses Have No First-Hand Knowledge Of Homeowner’s Mortgage The law firm representing Deutsche Bank National Trust Company in a Florida foreclosure action are demanding that the homeowner’s attorney, Thomas Ice be removed from the case because Ice accused Deutsche Bank of using Ocwen Robo-Witnesses in foreclosure cases. Ice alleges the expert witnesses from Ocwen Financial, who […]
Ocwen Robo-Witnesses Busted In Florida Read Post »
HSBC Stands Accused Of Breach of Contract And Concealing Defective Mortgage Loans In 283 trusts. On Monday, U.S. District Judge Shira Scheindlin ordered HSBC Holdings to face three lawsuits accusing it of breaching its duties as a trustee overseeing residential mortgage-backed securities that suffered more than $34 billion of losses in the global financial crisis.
RMBS Bond Holders Get Green Light To Sue HSBC For $34B Read Post »
Provident Funding Associates Was Accused of Lending Discrimination Against African-Americans and Hispanic Borrowers Settlement Provides $9 Million in Compensation to African-American and Hispanic Borrowers The Justice Department and Consumer Financial Protection Bureau filed a consent order yesterday to resolve allegations that Provident Funding Associates engaged in a pattern or practice of lending discrimination that increased
Provident Funding Associates Settles Lending Discrimination Claims Read Post »
Short Sale Specialist Portrayed Herself As An International Wheeler Dealer An Ashburn, Virginia resident and self-proclaimed short sale specialist was convicted today by a federal jury on 13 charges related to mortgage fraud, passing fictitious financial instruments, and tax fraud, the Department of Justice announced. Charise Stone, 46, was indicted on April 15, 2014. According
Short Sale Specialist Convicted of Mortgage and Tax Fraud Read Post »
To Settle FHA False Claims Act Lawsuit With The DOJ, First Tennessee Bank Admits Wrong Doing The Department of Justice announced Monday that First Tennessee Bank, the regional bank for First Horizon National will pay $212.5 million to resolve allegations that it violated the False Claims Act Lawsuit filed by the Department of Justice by “knowingly originating and
First Tennessee Bank To Pay $212.5M To Settle FHA False Claims Act Lawsuit Read Post »
