MBS Bond Holders Sued BAC Over BAC’s Dependence On MERS And Sub-Prime Mortgages MERS and Bank of America Corp have reached a $335 million settlement. The Pennsylvania Public School Employees’ Retirement System and disgruntled shareholders accusing it of misleading shareholders. Shareholders allege BAC exposed them to risky mortgages. They point the finger at BAC’s dependence […]
BAC Settles MERS Lawsuit With Bond Holders Read Post »
The Two “America’s Wholesale Lender” Frauds No One Is Talking About There is a good possibility your mortgage and note state the lender is America’s Wholesale Lender if you received a Countrywide mortgage through a broker during the housing boom. Countrywide began using the name to determine which loans were originated on the wholesale market. Countrywide
America’s Wholesale Lender – Fraud Alert Read Post »
Ben-Ezra & Katz are accused of botching foreclosure cases they filed for lenders and servicers Co-managing partners of the now-defunct foreclosure mill, Ben-Ezra & Katz, Marc A. Ben-Ezra and Marvin Elliott Katz will be publicly reprimanded and asked to attend ethics school for their roles at the firm. The two former bad boys of foreclosure face
Former Foreclosure Bad Boys Ben-Ezra & Katz Reprimanded By FL Bar Read Post »
This Post-Foreclosure Note Endorsement Ruling Could Lead To Bigger Problems For Bank Of America The Florida Appellate Court shot down another post-foreclosure note endorsement. Last week, Florida’s 2nd DCA issued an opinion smacking down the post-foreclosure note endorsement in the appellate case of THE EAGLES MASTER ASSOCIATION, INC.; and ST. ANDREWS AT THE EAGLES, INC., v. Bank of America,
Another Post-Foreclosure Note Endorsement Smacked Down Read Post »
Justices Side With Bank Of America’s Fantasy That Second Lien Stripping Is Unnecessary Because Property Values Will Rebound To Antediluvian Levels The U.S. Supreme Court dealt a killer blow to homeowners in bankruptcy Monday by ruling that homeowners who declare bankruptcy can’t void a second mortgage through Second Lien Stripping even if the home is underwater and is worth
U.S. Supreme Court Rules No More Second Lien Stripping In BK Read Post »
