Its The First Of 18 Lawsuits FHFA Is Taking To Trial To Recover $200 Billion In Bad Loans Sold To Fannie & Freddie FHFA is taking on two of the world’s largest banks in Manhattan Federal Court today. The agency hopes to recover losses from bad mortgages. FHFA claims Nomura Holdings and RBS sold bad […]
Let’s Get Ready To Rumble! FHFA Billion Dollar Battles W/ Nomura & RBS Read Post »
OCC & NYDFS Investigations Into Sterling National Bank’s Shenanigans Worry Customers and Share Holders MFI-Miami has learned that shareholders and deposit holders at Hudson Valley Bank are having grave concerns about the bank’s merger with Sterling National Bank. Sterling is now under investigation by both the OCC and the NYDFS. Sterling and Hudson Valley Bank agreed
Sterling National Bank-Hudson Valley Bank Merger: In Trouble? Read Post »
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
Sterling National Bank Complaint Prompts Investigation By NYDFS Read Post »
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
MBS Trusts Abandon Ocwen Like Rats From A Sinking Ship Read Post »
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
MetLife Unit To Pay $123.5M For Mortgage Violations Read Post »
