Banks Face a Huge Reckoning in the Mortgage Mess
NYT- The nation’s largest banks are facing a fresh torrent of lawsuits asserting that they sold shoddy mortgage securities that imploded during the financial crisis,
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NYT- The nation’s largest banks are facing a fresh torrent of lawsuits asserting that they sold shoddy mortgage securities that imploded during the financial crisis,
$4 million infusion of cash produces net gain of ONLY 435 cases cleared statewide. Palm Beach Post- Florida’s foreclosure courts have made almost no progress
In case you missed it, NJ is doing the same. How are they correcting fraudulent documents? or are they? Chicago Tribune- The Illinois General Assembly
REVOLVING DOOR SPECIAL Excerpt from NYT's - “History has demonstrated that the financial system over all — not every piece of it, but over all
In this very moment, the banks are engaging in new creative ways to defraud you. You fall into their trap once more. NYT- DAVID N.
The Telegraph- JPMorgan is said to be close to a £500m settlement with the Government over taxes avoided through an offshore trust used for bonuses.
HAPPY HOLIDAYS!! Bloomberg -- Goldman Sachs Group CEO Lloyd C. Blankfein bought a seven-bedroom home in New York’s Hamptons that was listed for $32.5 million,
Don't know what the rush is since there is an estimated +20 million Vacant homes. It's not like these homes will not sit vacant once
re: The Auditors- The Financial Times reported late this week on the failure of Deutsche Bank to recognize $12bn of paper losses on complex derivative
I wonder if they are involving any activity from Bankers Trust after being acquired from Deutsche Bank? As Matt Stoller said, "Things are getting worse
Reuters- On Tuesday, Bank of America broke what I believe is new ground in mortgage-backed securities litigation. The bank brought a declaratory judgment suit against
USA Watchdog- Real estate expert Fabian Calvo says there’s more to the story about rising prices in the housing market than what’s reported by the
H/T James P. Sheridan, Esq. 2011-1201 and 2011-1362. Fed. Home Loan Mtge. Corp. v. Schwartzwald. Greene App. No. 2010 CA 41, 194 Ohio App.3d 644,
DISTRICT COURT OF APPEAL OF THE STATE OF FLORIDA FOURTH DISTRICT July Term 2012 EUGENE J. DOMINKO, Appellant, v. WELLS FARGO BANK, N.A., Appellee. No.
Econ4- Statement on Housing . We are economists who think that the economy should serve people, the planet and the future. Four million families have
With a record of challenging Wall Street, Neil Barofsky says he'd take it "in a heartbeat." Here's what he'd do Salon- On Dec. 14, Mary
via: Babcock Law Offices Babcock stated “The Complaint alleges that due to the alleged defects in the foreclosure process, the foreclosing party, FNMA, had no
Abigail Field- Monday I did an analysis of a study HousingWire reported as showing that profligate borrowers were the reason many 2009 mortgage modifications failed.
Lets see how the government handles this on since US regulators, whose chief of enforcement currently was none other than the General Counsel of Deutsche
When is enough really enough? What other corporations get these many chances? Reuters- U.S. securities regulators on Wednesday charged a Wells Fargo investment banker and
HuffPO- In an unprecedented move that can only be described as stunning ignorance, the California State Bar recently released a legal opinion that will effectively
Attorney Tom Cox is a hero and deserves all the rewards coming to him. NYT- In 1989, Tom Cox, a lawyer for a Maine bank