As Elizabeth Warren’s Popularity Grows, Wall Street Execs Threaten To Withhold Money From Dems My grandfather was a retired beat cop and he used to tell me, “If people aren’t bitching, it means you’re not doing your job.” If that is the case, then Massachusetts Senator Elizabeth Warren must be doing an awesome job for […]
Wall Street To Senate Dems: Silence Elizabeth Warren Read Post »
Government Audit Shows Citigroup Neglected Paid Nearly $20 Million Two years after Citigroup Inc. was punished for widespread foreclosure abuses and still owes TARP bailout money to taxpayers, is finally getting around mailing settlement checks to 23,000 of its customers for foreclosure abuses. Citigroup missed about 23,000 borrowers who were owed compensation and is now preparing
Citigroup Neglected To Pay 23,000 Consumers For Abusive Foreclosure Practices Read Post »
Citigroup Selling Servicing Rights as Banks Retreat The U.S. mortgage market’s largest lenders like Citigroup are pulling back amid looming regulations and a drop in refinancing that fueled record profits last year. Bloomberg via National Mortgage News Citigroup Inc., the third-biggest U.S. bank, is selling mortgage-servicing rights on $63 billion of loans, or about 21
Citigroup Follows The Herd Of Bankers Selling Off Servicing Rights Read Post »
Force Placing Escrows By Lenders Is Form Of Mortgage Fraud Since starting MFI-Miami almost three years ago, my staff and I have reviewed nearly 800 mortgage files and in nearly 70% of those files were the homeowner’s lender force placing escrows. “Never ask when you can take” –Ferengi Rule of Acquisition #52 One of
Force Placing Escrows Is About Greed Not Taxes and Insurance Read Post »
