One Of The Top 10 LOs In The US Indicted On One Count Of Conspiracy To Commit Bank Fraud In Alleged Mortgage Fraud Scheme Federal prosecutors in New Jersey have indicted Christopher Gallo with conspiracy to commit bank fraud. The mortgage industry has recognized Gallo as one of the US’s Top 10 LOs. The industry […]
US Supreme Court Has Told A Coalition Of 27 State GOP Attorneys General To Bugger Off In CFPB Litigation The US Supreme Court has told a coalition of 27 Republican state attorneys general to bugger off. The high court denied their request to join oral arguments against the constitutionality of the Consumer Financial Protection Bureau. […]
Mortgage Lending Crazy Train Is Back As FDIC And OCC Say No Appraisals Needed On Home Sales Under $400,000 Mortgage lending crazy train is officially back and the Trump Administration is the engineer! It’s such a bad idea that even the dimwitted train operators Charlie Pratt and Floyd Smoot owners of the Cannonball Express think […]
Two Deutsche Bank Traders Convicted For Manipulating LIBOR Index The federal government convicted two Deutsche Bank Traders in New York last week. The government accused the two traders from Deutsche Bank’s Pool Trading Desk of participating in a scheme to manipulate the London Interbank Offered Rate (LIBOR). The LIBOR Index is a critical global benchmark tied to […]
Citimortgage Pursues Foreclosure Against Veteran With The Zeal Of A Fat Guy At An All-You-Can-Eat Buffet All Tom and Sandy Lennon wanted to do in 2008 was retire to Naples, Florida and play golf. The last thing they wanted was a decade-long legal battle with Citimortgage. Unfortunately, that is exactly what they got thanks to […]
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