Ocwen Under Fire For Mishandling Mortgages They Service Last month the bondholders of 25% Voting Rights in 119 Residential Mortgage Backed Securities Trusts with an original balance of more than $82 billion issued a Notice of Non-Performance to the Trustees of those Trusts,Securities Administrators, and/or Master Servicers, regarding the material failures of Ocwen Financial Corporation […]
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 […]
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 […]
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 […]
Understanding Sun Tzu’s Art of War Will Help In Fighting Foreclosures Fighting foreclosures is not hard if you understand Sun Tzu’s The Art of War. AOW has been studied by business leaders, military leaders and world leaders since Napoleon. In addition, it can also help in fighting foreclosures. It’s About Giving The Appearance You Have […]
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