foreclosure victories

Not All Foreclosure Victories Have Fairy Tales Endings

Homeowners With Foreclosure Victories Often Win The Battle But Lose The War Remember Diana Yano-Horoski and Gregory Horoski who won one of the few foreclosure victories in the early days of the financial crisis? After winning what everyone thought was one of the few foreclosure victories, they soon became the national face of beating back […]

Billionaire Investors Rejoice As CIT and OneWest Are Set to Merge

MICHAEL J. DE LA MERCED, NY Times Five years ago, after the mortgage market had imploded, a group of investors — including the billionaire hedge fund managers George Soros and John A. Paulson — banded together to create a new bank from the wreckage of the failed California lender IndyMac. Now those investors are set for a big payday, thanks […]

Cuomo Admin Requires OCWEN To Install Monitor

Exam Finds Indications that Problems Remain at Ocwen From New York State Department of Financial Services Superintendent Benjamin M. Lawsky today announced that the Department of Financial Services is requiring Ocwen Financial Corporation to hire a monitor to ensure that the company complies with an agreement to reform its mortgage servicing practices. The action was […]

Ex-IndyMac Executives Found Liable for Negligent Loans

Edvard Pettersson, Bloomberg Three former IndyMac Bancorp Inc. executives must pay $169 million in damages to federal regulators for making negligent loans to homebuilders as the real estate market was deteriorating, a jury decided. The federal court jury in Los Angeles issued the verdict against Scott Van Dellen, the former chief executive officer of IndyMac’s […]

FDIC seeks damages from three former IndyMac executives

Trial begins on a civil lawsuit that accuses them of negligence in approving loans that developers and home builders never repaid. E. Scott Reckard, Los Angeles Times When the Federal Deposit Insurance Corp. seized Pasadena housing lender IndyMac Bank four years ago, the scene resembled the grim bank failures of the 1930s. Panicked depositors, seeking […]

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