UBS Says Private Bankruptcy Filings This Year Have Surpassed The Peak Set In The Early Stages Of The Pandemic Warning signs of a potential credit crunch were flashing even before Silicon Valley Bank’s stunning collapse. United Bank of Switzerland is saying private bankruptcy filings for small businesses in 2023 have already surpassed pandemic levels. Financial […]
FDIC To Gradually Auction $114B In MBS Seized From Failed Signature Bank and Silicon Valley Bank The FDIC has decided to sell a portfolio of $114 billion in mortgage-backed securities (MBS). The FDIC seized control of the MBS portfolios after taking control of Signature Bank and Silicon Valley Bank. The face values of SVB’s portfolio is approximately […]
Senior FDIC Official Faces 20 Years In Prison For Theft Of Government Property A federal court in eastern New York found senior FDIC Official guilty of theft of government property in the possession of the FDIC. Allison Aytes was a senior employee in the FDIC’s Office of Complex Financial Institutions. Aytes abruptly resigned from the […]
Senator Bernie Sanders And His Wife Hire High Profile Lawyers In FBI Bank Fraud Investigation Senator Bernie Sanders and his wife have hired prominent defense attorneys amid an FBI investigation into a loan Jane Sanders obtained to expand Burlington College while she was its president. MFI-Miami first wrote about Jane Sanders’ mismanagement of Burlington College in […]
Select Portfolio Servicing Voluntarily Dismisses Foreclosure Case With Prejudice Against MFI-Miami Client MFI-Miami client Eliaquin Ortega scored a decisive victory against Select Portfolio Servicing. Attorney Claudio Cedrez-Pellegrino successfully argued MFI-Miami’s findings that led to victory in the case. MFI-Miami found that the MBS Trust (Multiclass Mortgage Pass-Through Certificates Chaseflex Trust Series 2007-M1) did not have legal standing […]
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