HELOCs

No More HELOCs! Major Banks Stop HELOC Originations

The 2nd Financial Crisis Of The 21st Century Begins! Chase And Wells Fargo Stop Originations Of HELOCs.  Strap yourselves in and get ready to rumble! America is in the infancy of its second financial crisis of the 21st century. Two of the largest banks in the US have announced they will terminate all originations of […]

mortgage shotgunning

Mortgage Shotgunning Scheme Sends Real Estate Broker To Prison

Real Estate Broker Sentenced to Prison for Role in Defrauding Banks in $3.5 Million Mortgage Shotgunning Scheme New York real estate broker Michael Arroyo and a Bergen County homeowner Rafael Popoteur are going to prison. The court sentenced the pair for their respective roles in a $3.5 million mortgage shotgunning scheme. Arroyo and Popoteur used […]

Convicted MI Supreme Court Justice Hathaway Wants Out Of Camp Cupcake

Convicted MI Supreme Court Justice Hathaway Probably Regrets Not Fighting Allegations By US Attorney Barbara McQuade Former Michigan Supreme Court Justice Diane Hathaway, who confessed to bank fraud while negotiating the short sale of her home in the posh Detroit suburb of Grosse Pointe Park is crying that she is  out of prison and says […]

MFI-Miami Rips DOJ’s Fraud Claims Against Diane Hathaway

It’s Highly Unlikely Diane Hathaway Defrauded ING Direct Steve Dibert, MFI-Miami To paraphrase the late George Burns, politics like show business can be a hideous bitch goddess and places like the Michigan Supreme Court that were once considered a refuge from the visceral blood sport of politics are no longer immune.   Even with Michigan’s constitutionally […]

Wells Fargo Tells Couple, “Contract…We Don’t Have To Abide By No Stinkin’ Contract!”

David Lazarus, LA Times Question: When is a contract not worth the paper it’s printed on? Answer: When it contains weasel words so broad in scope that one party is free to change whatever it wants, whenever it wants. Janet Bandur and her husband, Darrell, discovered this after Wells Fargo contacted them recently to say […]

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