Hey Dick Fuld, Lehman Screwed This Old Woman Under Your Watch

93-Year-Old Woman Faces Foreclosure On West Hollywood Home CBS Los Angeles A 93-year-old woman is facing foreclosure after taking a second mortgage out on her West Hollywood home. Hilda Vinalas took out a loan after facing financial troubles after her husband, Henry, died. The couple purchased the home 60 years ago for $30,000 and paid it […]

Lehman Docs Show Wall Street Arrogance Led To Financial Collapse

William D. Cohan, Bloomberg If one wants to understand the full complicity of Wall Street in the Great Recession, look no further than the voluminous package of pre-collapseLehman Brothers documents that have been made available by the law firm Jenner & Block LLP, which has acted as the coroner in the Lehman post-mortem. Most important, the cache dispels […]

Michigan Treasury

Force Placing Escrows Is About Greed Not Taxes and Insurance

 Force Placing Escrows By Lenders Is Form Of Mortgage Fraud   Since starting MFI-Miami almost three years ago, my staff and I have reviewed nearly 800 mortgage files and in nearly 70% of those files were the homeowner’s lender force placing escrows. “Never ask when you can take” –Ferengi Rule of Acquisition #52 One of […]

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