Uh-Oh: Did “Robo-Signing” Cause JPMorgan Chase to Abandon over 1,000...
Wall Street Journal- Mitch Granat, a lawyer who handles debt-collection cases for J.P. Morgan in Palm Beach County, Fla., on a contract basis, said he was told by other lawyers for the bank that the...
View ArticleDimon: ’Everybody Is Going to Sue’ Over Mortgages
Bloomberg- JPMorgan Chase & Co. (JPM) Chief Executive Officer Jamie Dimon said clashes over faulty mortgages may drag on as investors and regulators demand compensation for soured loans issued at...
View ArticleFULL COMPLAINTS | FHFA Sues 17 Firms to Recover Losses to Fannie Mae and...
UPDATE : FHFA suit stops short of going nuclear, ignores the biggest flaw in securitization/REMICs – failure to properly convey the notes….instead, FHFA sez loans were xferred properly to trust, to...
View ArticleFannie-Freddie’s Hypocritical Suit Against Banks Making Loans that GSEs...
Lets NOT forget both Fannie and Freddie, like most of the named banks they are suing, each are shareholders of MERS. Again, who gave the green light to eliminate the need for assignments and to realize...
View ArticleFHFA Complaints: Can Control Frauds Recover for Being Defrauded by other...
William K. Black- Reading the FHFA complaints against many of the world’s largest banks is a fascinating and troubling process for anyone that understands “accounting control fraud.” The FHFA, a...
View ArticleU.S. banks offered deal over lawsuits – FT
REUTERS- Big U.S. banks in talks with state prosecutors to settle claims of improper mortgage practices have been offered a deal that is proposed to limit part of their legal liability, the Financial...
View ArticleFHFA puts out statement clarifying lawsuits
For Immediate Release Contact: Corinne Russell (202) 414-6921 Stefanie Johnson (202) 414-6376 September 6, 2011 Federal Housing Finance Agency Statement on Recent Lawsuits Filed Upon Scribd © 2010-15...
View ArticleJanet Tavakoli: “Fraud As a Business Model”
If William K. Black and Janet would only team up to write a book? HuffPO- There were many factors that contributed to our recent financial bubble: deregulation, cheap money from the Fed, failure to...
View ArticleProve Fannie and Freddie Innocent Before Suing the Banks–And Here Is How
Business Insider- Last Friday the U.S. regulator, the Federal Housing Finance Agency (FHFA), which has the oversight responsibility of Fannie Mae and Freddie Mac, sued 17 large banks and financial...
View ArticleIt’s hard to Believe the Gnomes at Freddie and Fannie didn’t know what they...
This is a great article written by Kevin Villani who was senior vice president and chief economist at Freddie Mac from 1982 to 1985. American Banker- In the 1980s Freddie Mac had a marketing campaign...
View ArticleIn Disputed Fannie and Freddie Mortgage Deals Evidence of ‘Robo-Signing’
TIME- Long before the banks started evicting delinquent homeowners, Wall Street, it appears, used robo-signers to ink mortgage deals that would eventually cost investors tens of billions of dollars and...
View ArticleVexed by Securitization Suit, Banks Pull Out of Mortgage Fraud Settlement...
Banks blow up mortgage settlement talks, despite Iowa AG Tom Miller’s begging and whimpering!! TIME- The five biggest mortgage servicers have cancelled a planned negotiating session with...
View ArticleBREAKING NEWS: JOHN O’BRIEN PUTS HIS FOOT DOWN ON FRAUDULENT ASSIGNMENTS
JOHN L. O’BRIEN, JR. Register of Deeds Phone: 978-542-1704 Fax: 978-542-1706 website: www.salemdeeds.com Commonwealth of Massachusetts Southern Essex District Registry of Deeds Shetland Park 45...
View ArticleMERS POLICY BULLETIN: Revises Rule 14, Members Notification To MERSCORP, Inc....
POLICY BULLETIN – Number 2011-7 To: All MERS® System Members November 8, 2011 On October 20, 2011, the Boards of Directors adopted a revised version of Rule 14 which contains...
View ArticleJPM Chase Quietly Halts Suits Over Consumer Debts
American Banker- JPMorgan Chase & Co. has quietly ceased filing lawsuits to collect consumer debts around the nation, dismissing in-house attorneys and virtually shutting down a collections machine...
View ArticleFDIC Lawsuits Yielded Big Penalties, But Bankers Haven’t Paid Up
We already know who runs the government. [PERIOD] They settle for pennies on the dollar and they don’t even pay a single penny! HuffPO- WASHINGTON, Feb 23 – Like many banks engulfed by the mortgage...
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