America's Wholesale Lender

MFI-Miami Calls On The FDIC To Fast Track Investigations Of Sterling National Bank

Bait & Switch Tactics and Liquidation Of Accounts By Sterling National Bank Are The Everyday Practices Of This “Community” Bank  “I have been in the financial arena a long time and I have never witnessed a bank as incompetently run as Sterling National Bank. The Youngblood case is a perfect example of this. Sterling National Bank holds $1.1 […]

MetLife

MetLife Unit To Pay $123.5M For Mortgage Violations

MetLife Home Loans LLC will pay $123.5 million to resolve alleged FHA mortgage lending violations  MetLife Home Loans LLC has agreed to pay the United States $123.5 million to resolve allegations that MetLife Bank N.A. (MetLife Bank) violated the False Claims Act by knowingly originating and underwriting mortgage loans insured by the U.S. Department of […]

SCOTUS

Did Dan Gilbert And Quicken Loans Contribute To Detroit’s Blight?

Survey of Detroit Mortgages Show Quicken Loans Contributed To Detroit’s Blight It appears Quicken Loans owner and wannabe White Jesus of Detroit contributed to Detroit’s epic blight problem. Gilbert is not totally responsible for the blight. Bank of America, Wells Fargo, and others also share a greater responsibility. Yet Gilbert did contribute to the blight […]

David J. Stern

Osceola County Foreclosure Reviews Could Lead To Criminal Charges

Will Osceola County Foreclosure Reviews Lead To A Crackdown Or Be Brushed Under the Rug? At the beginning of the year, Osceola County Clerk of the Courts in suburban Orlando began doing foreclosure reviews of mortgage and foreclosure filings. The review was looking for fraudulent paperwork filed by lenders and foreclosure mills.  Apparently, Clerk Armando […]

Andrew Cuomo Body Slams Wells Fargo

Wells Fargo Must Pay $4 Million For Credit Card Violations   More Than 1,300 New Yorkers Expected to Receive Restitution Payments Averaging Approximately $1,600 Governor Andrew M. Cuomo today announced that Wells Fargo Bank will pay a $2 million penalty and provide approximately $2 million in direct consumer restitution payments for violations uncovered by a […]

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