TUESDAY, JUN 18, 2013 07:45 AM EDT Bank of America whistle-blower’s bombshell: “We were told to lie” Bombshell: Bank of America whistle-blowers detail horrid schemes to fleece borrowers, reward foreclosures (UPDATED) BY DAVID DAYEN TOPICS: BANK OF AMERICA, FORECLOSURE, MORTGAGE CRISIS, MORTGAGE FRAUD, MORTGAGE, HAMP,WHISTLEBLOWERS, EDITOR’S PICKS, LOANS, JP MORGAN CHASE, WALL STREET, BUSINESS NEWS, POLITICS NEWS (Credit: Sashkin via Shutterstock/Salon) Bank of America’s mortgage servicing unit systematically liedContinue reading “Great Story by David Dayen: Bank of America whistle-blowers”
Tag Archives: Banks
PRICELESS LAWSUIT
See more news releases in Real Estate | Residential Real Estate | Legal Issues Major Banks, Governmental Officials and Their Comrade Capitalists Targets of Spire Law Group, LLP’s Racketeering and Money Laundering Lawsuit Seeking Return of $43 Trillion to the United States Treasury http://www.prnewswire.com/news-releases/major-banks-governmental-officials-and-their-comrade-capitalists-targets-of-spire-law-group-llps-racketeering-and-money-laundering-lawsuit-seeking-return-of-43-trillion-to-the-united-states-treasury-175828861.html Google NEW YORK, Oct. 25, 2012 /PRNewswire/ — Spire Law Group,Continue reading “PRICELESS LAWSUIT”
FDIC ($677.4 Billion) Charges Banks With Fraud, Illegal Underwriting Practices « Livinglies’s Weblog
http://livinglies.wordpress.com/2012/08/22/fdic-677-4-billion-charges-banks-with-fraud-illegal-underwriting-practices/ FDIC ($677.4 Billion) Charges Banks With Fraud, Illegal Underwriting Practices Posted on August 22, 2012 by Neil Garfield Has Obama Awakened? Appraisal Fraud Alleged by this Blog is found to be Centerpiece of this Action Editor’s Note: The FDIC claims it studied a rough sampling of the securitized loans and alleges more than 60%Continue reading “FDIC ($677.4 Billion) Charges Banks With Fraud, Illegal Underwriting Practices « Livinglies’s Weblog”
Assignment must exist in writing, even if the court says it doesn’t need recording « Livinglies’s Weblog
http://livinglies.wordpress.com/2012/08/24/assignment-must-exist-in-writing-even-if-the-court-says-it-doesnt-need-recording/ Editor’s Note: With Banks and servicers playing fast and loose with the rules of procedure, the rules of evidence and black letter law it well to remember BASIC BLACK LETTER LAW. An assignment without delivery is probably a nullity. An assignment that isn’t even in writing is (a) not proper under most existing lawsContinue reading “Assignment must exist in writing, even if the court says it doesn’t need recording « Livinglies’s Weblog”
DeBord Report : California is going through another ‘wave’ in foreclosures | 89.3 KPCC
California is going through another ‘wave’ in foreclosures By Matthew DeBord http://www.scpr.org/blogs/economy/2012/07/12/7025/california-going-through-another-wave-foreclosures/ Kevork Djansezian/Getty Images A for sale sign is posted in front of house in Glendale. California saw foreclosure starts pick up in June, suggesting that a new wave of defaults is underway. For the first six months of 2012, foreclosures in CaliforniaContinue reading “DeBord Report : California is going through another ‘wave’ in foreclosures | 89.3 KPCC”
Daily Report: Robin Hood lawyer fights foreclosures with a passion
http://www.dailyreportonline.com/PubArticleFriendlyDRO.jsp?id=1202559725985 ‘Robin Hood’ lawyer fights foreclosures with a passion Katheryn Hayes Tucker Daily Report 06-18-2012 For 34 years, Robert Thompson Jr. had been a business and labor lawyer — as was his father before him — defending corporations and financial institutions and even serving on several banks’ boards of directors. But something happened toContinue reading “Daily Report: Robin Hood lawyer fights foreclosures with a passion”
Bank’s Competition
L. Randall Wray: The $7 Trillion Question That Haunts Banks
L. Randall Wray Professor of Economics and Research Director of the Center for Full Employment and Price Stability, University of Missouri–Kansas City The $7 Trillion Question That Haunts Banks Posted: 03/16/2012 4:09 pm I’ve been writing about the MERS monster since 2010. Here is one of my early pieces. I suppose it isContinue reading “L. Randall Wray: The $7 Trillion Question That Haunts Banks”
Guilford County, North Carolina Register of Deeds Want The Mess Cleaned Up!
http://newsandinsight.thomsonreuters.com/uploadedFiles/Reuters_Content/2012/03_-_March/guilfordvmers.pdf STATE OF NORTH CAROLINA IN THE GENERAL COURT OF JUSTICESUPERIOR COURT DIVISION NATURE AND SUMMARY OF THIS ACTION1. This lawsuit seeks to have Defendants clean up the mess they created inGuilford County’s public property records and to hold Defendants accountable for their unfair and deceptive trade practices. COUNTY OF GUILFORD GUILFORD COUNTY, ex rel.Continue reading “Guilford County, North Carolina Register of Deeds Want The Mess Cleaned Up!”
For America’s hard-hit homeowners, little relief from settlement | Reuters
http://www.reuters.com/article/2012/02/10/us-mortgage-settlement-homeowners-idUSTRE81907T20120210 For America’s hard-hit homeowners, little relief from settlement Houses under construction are seen in Phoenix, Arizona, August 23, 2011. Credit: Reuters/Joshua Lott By Jilian Mincer NEW YORK | Fri Feb 10, 2012 12:15am EST NEW YORK (Reuters) – Crystal Morello’s family pleaded for months with their lender for a cheaper mortgage on their familyContinue reading “For America’s hard-hit homeowners, little relief from settlement | Reuters”
Special report: Legal woes mount for a foreclosure kingpin | Reuters
Lest We Not Forget… Special report: Legal woes mount for a foreclosure kingpin Fall leaves blow past an empty home (C) seen in a well kept neighborhood where the house is listed on the auction block during the Wayne County tax foreclosures auction of almost 9,000 properties in Detroit, Michigan, October 22, 2009. Credit: Reuters/RebeccaContinue reading “Special report: Legal woes mount for a foreclosure kingpin | Reuters”
New York sues banks over foreclosures – Feb. 3, 2012
http://money.cnn.com/2012/02/03/news/economy/banks_sued/index.htm?source=cnn_bin New York sues banks over foreclosures By Jennifer Liberto@CNNMoneyFebruary 3, 2012: 3:15 PM ET New York Attorney General Eric Schneiderman has sued the big banks over their use of a private electronic mortgage registry. WASHINGTON (CNNMoney) — The New York attorney general sued some of the nation’s biggest banks on Friday, accusing them ofContinue reading “New York sues banks over foreclosures – Feb. 3, 2012”
Manifest Injustice 