The Sterling National Bank Complaint And New Investigations By The FDIC & NYDFS Could Shatter Merger With Hudson Valley Bank Last week, I wrote about how a Sterling National Bank complaint has led the FDIC and the U.S. Treasury’s Office of the Comptroller of the Currency (OCC) to launch investigations into the treatment of Sterling […]
Mortgage Lenders Cause Frank Collelo To Die In A Tampa Courtroom Fighting His Foreclosure Mortgage lenders committing another potentially illegal foreclosure have claimed another life. Frank Collelo died yesterday. The 67-year-old Valrico man died after collapsing in a Hillsborough courtroom during a foreclosure hearing. The pending foreclosure on his primary residence went into foreclosure last […]
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 […]
Bait & Switch Tactics and Liquidation Of Accounts By Sterling National Bank Are The Everyday Practices Of This “Community” Bank “I have been in the financial arena a long time and I have never witnessed a bank as incompetently run as Sterling National Bank. The Youngblood case is a perfect example of this. Sterling National Bank holds $1.1 […]
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 […]
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