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 practices against minority residents that resulted in a rash of foreclosures, the city said on Thursday. The lawsuits, filed on Dec. 13, accuse the banks […]

FBI Offers Reward For Mortgage Fraudster Ronnie Duke

Mortgage Fraudster Ronnie Duke Never Reported To Prison Six Months Ago   The FBI is offering a $5000 reward for information leading to the arrest of former Michigan mortgage fraudster Ronnie Duke.  Duke a habitual criminal who rose to become the kingpin of a multi-million dollar mortgage fraud operation had failed to report to federal prison […]

Angelo Mozilo’s Arrogant Email To Homeowner In 2008 Creates PR Nightmare For Bank of America

E. Scott Reckard, LA Times Daniel A. Bailey Jr. isn’t your average homeowner. He hasn’t paid his mortgage in more than five years, and has no plans to start now. His stance stems from a bizarre incident that thrust Bailey into the news in 2008, when he suddenly became a public relations liability for embattled […]

Deutsche Bank to Remain A Casino Bank?

Says Cosmopolitan Casino Not For Sale The CEO of Deutsche Bank’s “luxury resort casino on the Las Vegas Strip” tells workers that the property is “not for sale.” Deutsche Bank continues to extract cash interest payments from its Las Vegas casino, having received $115.2 million in interest on its $3.9 billion credit facility to the casino, […]

JPMorgan Asks Judge to Keep Draft U.S. Fraud Suit Secret

Karen Gullo, Sophia Pearson & Ron Musselman, Bloomberg JPMorgan Chase & Co. (JPM) had a hearing behind closed doors with a Pennsylvania judge in its bid to keep secret a draft of a government lawsuit related to its $13 billion settlement with the U.S. as well as the identity of an employee who cooperated in a federal probe. The company is […]

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