foreclosure litigation

11th US COA Revives Miami Ghetto Loans Lawsuit

Federal Appellate Court Votes 3-0 To Reverse Lower Judge’s Ruling On Miami Ghetto Loans Lawsuit Against Wells Fargo, Bank of America and Citigroup   A federal appeals court last week revived the Miami Ghetto Loans lawsuit that accused Wells Fargo & Co, Bank of America Corp and Citigroup of predatory mortgage lending or “ghetto loans” […]

New Laws Prohibiting Dual Tracking in the Foreclosure Context

 Amy Loftsgordon, Nolo Dual tracking occurs when a mortgage holder continues to foreclose on a homeowner’s home while simultaneously considering the homeowner’s application for a loan modification. In the past, dual tracking was common. However, new rules issued by the Consumer Financial Protection Bureau (CFPB) as well as various state laws and the National Mortgage Settlement (NMS) […]

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 […]

HSBC

HSBC Whistleblower Details Funds To Terrorists And Drug Cartels

HSBC Is Reverting Back To its Roots Of Financing Criminals. HSBC Whistleblower Details How HSBC Funds Terrorists And Drug Cartels. HSBC Holdings’ Mexican branches had become so well-known to drug traffickers as the place to launder proceeds from illicit sales that cartels began using special boxes to speed transactions, US prosecutors said. From 2006 to […]

Urban Spartacus

Detroit Lost An Urban Spartacus To Cancer Today

Detroit Urban Spartacus Kelly Parker Reminded Us Of What We Can Accomplish If We Stand Up And Fight   In the dystopian post-industrial ruins of Detroit where hundreds of thousands of people fight to survive, Urban Spartacus Kelly Parker rose above the poor timid souls that inhabit what was once the “Arsenal of Democracy” This […]

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