Too Big To Fail Archives

Citigroup Slapped with $8.6 Million Fine From Federal Reserve

Muad'Dib / 08/11/2018

Citigroup Fined $8.6 Million By Federal Reserve For Robo-Signing Related Issues The Federal Reserve leveled an $8.6 million fine against CitiGroup on Friday. The Federal Reserve stated the fine was due to the “deficient execution and notarization of certain mortgage affidavits. The issue stems from Citigroup’s exit from the mortgage servicing business back in 2017. The […]

banking, banks, Business News, Citigroup, Citimortgage, economic meltdown, financial crisis, foreclosure fraud, foreclosures, Loan Modifications, mfi-miami, Mortgage Crisis, mortgage fraud, mortgage servicing, mortgage servicing rights, mortgages, national mortgage settlement, Office Of The Comptroller Of The Currency, robo-signing, SEC, Steve Dibert, Too Big To Fail

Citigroup Slapped with $8.6 Million Fine From Federal Reserve Read Post »

Is Chicago Going To Be The Next Detroit?

Muad'Dib / 04/23/2015

Wall Street Banks screwed major American cities like Chicago A few weeks ago, Ed Walker at Naked Capitalism wrote a piece about a white paper Saqib Bhatti of the Roosevelt Institute wrote last year detailing how Wall Street Banks screwed major American cities out of much needed cash. Bhatti claimed that cities are getting squeezed because

banking, Chicago, Chicago municipal bonds, City of Detroit, Deadline Detroit, Detroit, Detroit bankruptcy, Detroit Financial Crisis, Detroit’s financial mess, economic meltdown, financial crisis, Jpmorgan, LIBOR, Libor rigging, Libor-Rate, mfi-miami, Moody's Investor Service, municipal bondsDetroit bankruptcy, Roosevelt Institute, Saqib Bhatti, Steve Dibert, Too Big To Fail, UBS, Wall Street

Is Chicago Going To Be The Next Detroit? Read Post »

California Settles With OCWEN For A Meager $2.5 Million

Muad'Dib / 01/26/2015

Ocwen May Have Dodged A Bullet From California But More Trouble Is In Sight On Friday, California’s Department of Business Oversight said Friday that it will drop its effort to suspend Ocwen Loan Servicing’s mortgage license in California because Ocwen Financial has agreed to pay $2.5 million for failing to prove its compliance with state

bank bailout tarp, bank fraud, bank reform, banking, banks, Business News, California CDBO, california foreclosures, consumer protection, David Dayen, Department of Financial Services, economic meltdown, financial crisis, Financial Reform, foreclosure, foreclosure crisis, foreclosure defense, foreclosure fraud, foreclosure help, foreclosure rescue, foreclosures, Housing Crisis, illegal foreclosures, Loan Modifications, mfi-miami, mortgage backed securities, Mortgage Crisis, mortgage fraud, mortgage help, mortgage servicing, mortgage servicing fraud, mortgages, new york foreclosure fraud, new york foreclosures, new york fraud, new york mortgage fraud, OCWEN, Ocwen Financial, OCWEN Loan Servicing, OCWEN modification, OCWEN settlement, OCWEN short sales, Orange County foreclosure fraud, orange county foreclosures, pensions funds, profit skimming, Rockland County Foreclosure fraud, rockland county foreclosures, securities fraud, Steve Dibert, stop foreclosures, Too Big To Fail, Wall Street, Wall Street Journal, Westchester County foreclosure fraud, Westchester foreclosures, William Erbey

California Settles With OCWEN For A Meager $2.5 Million Read Post »

Citigroup Follows The Herd Of Bankers Selling Off Servicing Rights

Muad'Dib / 10/27/2013

Citigroup Selling Servicing Rights as Banks Retreat The U.S. mortgage market’s largest lenders like Citigroup are pulling back amid looming regulations and a drop in refinancing that fueled record profits last year. Bloomberg via National Mortgage News Citigroup Inc., the third-biggest U.S. bank, is selling mortgage-servicing rights on $63 billion of loans, or about 21

banking, banks, Business News, Citigroup, economic meltdown, financial crisis, Loan Modifications, Mortgage Crisis, mortgage fraud, mortgage servicing, mortgage servicing rights, mortgages, national mortgage settlement, Too Big To Fail

Citigroup Follows The Herd Of Bankers Selling Off Servicing Rights Read Post »

Why Isn’t The Detroit Emergency Financial Manager Doing This?

Muad'Dib / 06/05/2013

Why Isn’t The Detroit Emergency Financial Manager Fighting The Banks Like This Alabama County? JPMorgan Chase agreed to forgive $842 million of debt owed by Jefferson County, Alabama. The new agreement follows a $722 million settlement in 2009 with the U.S. SEC related to the Jefferson County financing. So why isn’t the Detroit Emergency Financial

banking, Bloomberg, Business News, derivatives, Detroit EFM Kevyn Orr, Detroit Emergency Financial Manager, economic meltdown, financial crisis, Housing Crisis, jamie dimon, Jefferson County, JPMorgan Chase, Kevin Orr, LIBOR, mortgage backed securities, SEC, Standard & Poor's, Too Big To Fail, UBS, Wall Street

Why Isn’t The Detroit Emergency Financial Manager Doing This? Read Post »

Too Big To Fail

Citigroup Slapped with $8.6 Million Fine From Federal Reserve

Is Chicago Going To Be The Next Detroit?

California Settles With OCWEN For A Meager $2.5 Million

Citigroup Follows The Herd Of Bankers Selling Off Servicing Rights

Why Isn’t The Detroit Emergency Financial Manager Doing This?

Quick Links

Categories

Contact Info

Social Connect