The FL 4th DCA Closes a Loophole Exploited By Foreclosure Mills The Florida 4th District Court of Appeals has handed down a ruling that would end the practice of foreclosure mill attorneys introducing into evidence original copies of undated mortgage notes endorsed in blank after the foreclosure lawsuit is filed. Foreclosure mills in Florida […]
FL 4th DCA Slaps Foreclosure Mills Read Post »
Wall Street Banks screwed major American cities like Chicago A few weeks ago, Ed Walker at Naked Capitalism wrote a piece about a white paper Saqib Bhatti of the Roosevelt Institute wrote last year detailing how Wall Street Banks screwed major American cities out of much needed cash. Bhatti claimed that cities are getting squeezed because
Is Chicago Going To Be The Next Detroit? Read Post »
Wells Fargo Continues Its Campaign Of Fear On The Elderly It’s another example of how disorganized Wells Fargo has become. Wells Fargo shocked elderly couple Sheridon and Susan Turner when a process server knocked on their door. The process server informed them that Wells Fargo was suing them for foreclosure. Sheridon and Susan Turner sold the home
Wells Fargo Forecloses On Old Couple Who Sold Their Home 21 Years Ago Read Post »
NYDFS Claims Thousands Of New Yorkers Have Lost Their Homes Because Of Libor Rigging The Superintendent of the New York State Department of Financial Services, Benjamin Lawsky has joined other U.S. banking regulators investigating Deutsche Bank AG for manipulation of the Libor benchmark borrowing rate. This new probe by the NYDFS of the monolithic German
Lawsky & NYDFS Preparing To Battle Deutsche Bank Over Libor Rigging Read Post »
After Unloading nearly $64.4 Billion In Servicing Rights, Ocwen Still Faces Problems Last week on the heels of Ocwen’s announcement that it was selling $45 Billion in mortgage servicing rights to JPMorgan Chase, Ocwen announced it was selling $9.6 Billion in servicing rights to Walter Investment Management Corporation, the parent company of Green Tree Loan Servicing. This is on
As Ocwen Downsizes, It Faces Delisting On NYSE Read Post »
