May
23
Foreclosure Fraud 101 – How (not) to Fraudclose on a Default When There is No Default in Order to Steal Money from the Government (FDIC)
Foreclosure Fraud 101 – Fraudclosing on a Default When There is No Default in Order to Steal Money from the Government (FDIC) This little gem comes over from Mark Stopa… Take a look at this Final Judgment, where a borrower prevailed over BB&T at trial. Yes, the bank was sleazier than the skuz on the … Read more
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May
21
Investment Advisor Admits To Misleading His Clients In Order To Make Profit (VIDEO)
Blast From The Past: SNL Explains Wall Street ~ 4closureFraud.org TweetRelated posts: BofA’s Moynihan said of his $5 debit card fee that, “banks have a right to make a profit” NOW I SEE WHERE HE GOT HIS ADVICE! In re: ANTHONY TARANTOLA – Given the Deficient and Misleading Nature of Deutsche’s Filings, the Court Seriously … Read more
Related posts:
- BofA’s Moynihan said of his $5 debit card fee that, “banks have a right to make a profit” NOW I SEE WHERE HE GOT HIS ADVICE!
- In re: ANTHONY TARANTOLA – Given the Deficient and Misleading Nature of Deutsche’s Filings, the Court Seriously Considered Issuing an Order to Show Cause as to Why Sanctions Should Not be Imposed
- Prostitution Ring for Wall Street Clients Busted
May
21
Just In | FDIC Sues JPMorgan, Citigroup, BofA Securities, Deutsche Bank
Headline for now. More to come as we get it… From Bloomberg… The Federal Deposit Insurance Corp. sued JPMorgan Chase & Co. (JPM), Citigroup Inc. (C), Bank of America Securities and Deutsche Bank AG. (DBK) The FDIC sued in New York federal court as receiver for Strategic Capital Bank, claiming $11 million in a mortgage-backed … Read more
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- Deutsche Bank to Pay $32.5 Million to Settle Mortgage Suit – Massachusetts Bricklayers and Masons Trust Funds v. Deutsche Alt-A Securities
- Federal Home Loan Bank of San Francisco v Deutsche Bank Securities Inc Et Al
- KABOOM – JPMorgan Chase, Credit Suisse, Bank of America, Barclays, Citigroup, Countrywide, Deutsche Bank, Goldman Sachs, Merrill Lynch, Morgan Stanley, UBS et al Sued For FRAUD
May
20
Say it isn’t so! | Lawsuit: Bank of America Pocketed Court Fees in Foreclosures
“The refund goes to the bank and the bank doesn’t fork it over,” Newman said. “There is a substantial amount of money owing to the class.” ~ Lawsuit: Bank pocketed court fees in foreclosures A Madisonville woman sued Bank of America on Thursday for pocketing court fees from foreclosure cases that she says belong to … Read more
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- BofA Lawsuit to Stay in State Court | State of Arizona vs. Countrywide, Bank of America, et al
- Dutcher, Ferguson, Ahlers v. Recontrust, BAC, Bank of America | New Lawsuit Alledges Thousands of ILLEGAL Utah Foreclosures
- Pot, Meet Kettle | Bank of America Sues HOA’s, Trustees and Collection Agencies Over Foreclosure Fees
May
12
Arizona Becomes Latest State to Raid Foreclosure Fraud Settlement Funds
Arizona Becomes Latest State to Raid Foreclosure Fraud Settlement Funds We now have yet another state diverting a large portion of the hard dollar funds they received from the foreclosure fraud settlement, and instead of using them to help homeowners, moving them to cover a budget hole. The latest example concerns Arizona, one of the … Read more
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May
12
Arizona Becomes Latest State to Raid Foreclosure Fraud Settlement Funds
Arizona Becomes Latest State to Raid Foreclosure Fraud Settlement Funds We now have yet another state diverting a large portion of the hard dollar funds they received from the foreclosure fraud settlement, and instead of using them to help homeowners, moving them to cover a budget hole. The latest example concerns Arizona, one of the … Read more
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May
06
Abigail Field | BofA’s Protection Detail – Charlotte Sides With Bank of America Over People
BofA’s Protection Detail To protect Bank of America from inconvenience, Charlotte, North Carolina has directed its police officers to harass and arrest protesters. Unconstitutionally, in my opinion. Charlotte Sides With Bank of America Over People Charlotte has imposed special rules on a 2 block by 2 block square for 12 hours on Wednesday (May 9) … Read more
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Apr
18
Fannie, Freddie Set New Timelines for Short Sales to Help Add Transparency, Expedite Decisions
Freddie Mac Sets New Timelines for Short Sales to Help Add Transparency, Expedite Decisions Servicers to Provide Weekly Updates When Decisions Take More Than 30 Days MCLEAN, Va., April 17, 2012 /PRNewswire/ — In an effort to make the short sale process more transparent, Freddie Mac (OTC: FMCC) is updating its timelines and also requiring … Read more
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- Freddie Mac Bulletin NUMBER: 2012-5 | Servicers Must Waive All Rights to Pursue Deficiency from Short Sales and Deed-In-Lieu of Foreclosure
- Michael Olenick: NAR’s Big Miss on Home Sales Underscores Lack of Transparency and Accuracy in Mortgage/Housing Data
- Robosigned Conveyance from MERS to BofA Deemed “A Mistake” Post Short Sale – MERS and Fannie Mae Sue Short Sale Seller and Buyer
Apr
13
Judes Tells Bank of America CEO Brian Moynihan He Must Testify in MBIA Lawsuit
Bank of America CEO Moynihan must testify in MBIA lawsuit: judge (Reuters) – A New York judge has ruled that Bank of America (BAC.N) CEO Brian Moynihan must testify in a lawsuit brought by bond insurer MBIA Inc.(MBI.N) which claims the bank fraudulently induced it to insure risky mortgage-backed securities. The judge said Moynihan could … Read more
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- Bloomberg | Bank of America Said to Offer MBIA Settlement in Defective-Mortgage Suit
- MBIA Insurance Corporation v. Bank of America Corp., Countrywide Financial Corporation, Countrywide Home Loans, et. al.
- MBIA Insurance Corp. v. Countrywide Home Loans Inc | BofA Loses Ruling Against MBIA in Fight Over Loans
Apr
11
OWS Creates Living Room @ Bank of America (VIDEO)
On March 15th 2012, the OWS affinity group BreakUpBofA.com marched on Merrill lynch (owned by BofA), Moody’s (for their dishonest analysis of BofA’s value), and then to a lower Manhattan branch of Bank of America–all to protest BofA’s ongoing illegal foreclosures that are destroying the lives of untold numbers of people. ~ 4closureFraud.org TweetRelated posts: … Read more
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- F* The Banks | March 15th 2012 – Occupiers Set Up Living Room in Bank of America Lobby (VIDEO)
- Must See Video | Paralyzed Oregon Man, Living on $22,000 a Month and Able to Pay, Fights Bank of America Foreclosure
- Bank of America, Taylor Bean & Whitaker | Mortgage Fraud Creates Headache For Wagoner Couple
Apr
11
NY AG Eric Schneiderman Pushes Objection to BofA $8.5 Billion Mortgage Pact
NY Pushes Objection to BofA $8.5 Billion Mortgage Pact (Reuters) – Bank of America Corp’s proposed $8.5 billion mortgage bond settlement received fresh opposition on Tuesday from New York’s attorney general, who said the accord appears unfair to investors who may deserve to recover more. Eric Schneiderman, the attorney general, filed papers on Tuesday asking … Read more
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Apr
11
NY AG Eric Schneiderman Pushes Objection to BofA $8.5 Billion Mortgage Pact
NY Pushes Objection to BofA $8.5 Billion Mortgage Pact (Reuters) – Bank of America Corp’s proposed $8.5 billion mortgage bond settlement received fresh opposition on Tuesday from New York’s attorney general, who said the accord appears unfair to investors who may deserve to recover more. Eric Schneiderman, the attorney general, filed papers on Tuesday asking … Read more
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Apr
11
NY AG Eric Schneiderman Pushes Objection to BofA $8.5 Billion Mortgage Pact
NY Pushes Objection to BofA $8.5 Billion Mortgage Pact (Reuters) – Bank of America Corp’s proposed $8.5 billion mortgage bond settlement received fresh opposition on Tuesday from New York’s attorney general, who said the accord appears unfair to investors who may deserve to recover more. Eric Schneiderman, the attorney general, filed papers on Tuesday asking … Read more
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Apr
10
WTF? Bank Of America Sues Itself In Unusual Foreclosure Case
To be clear, the cases are styled Bank of America, NA vs Bank of America, NA even though the BofA rep says they are suing on behalf of a trust… Accounting fraud anyone? You cannot sue yourself… ~ Bank Of America Sues Itself In Unusual Foreclosure Case WASHINGTON — Bank of America is suing itself … Read more
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Apr
05
KABOOM | Bank of NY Mellon Must Face Lawsuit on Countrywide
Bank of NY Mellon must face lawsuit on Countrywide April 3 (Reuters) – A federal judge rejected Bank of New York Mellon Corp’s bid to dismiss a lawsuit by investors over its role as trustee for mortgage-backed securities that led to an $8.5 billion settlement by Bank of America Corp. U.S. District Judge William Pauley … Read more
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- Mortgage Fraud | Bank of America, Bank of New York Mellon, Countrywide Home Loans Servicing, Law Offices of David Stern, Cheryl Samons
- New York Attorney General Accuses Bank Of New York Mellon Of Fraud, Moves To Block Bank Of America’s Mortgage Deal
- BAM! | US Judge Takes $8.5 Bln BofA Deal from State Court in Bank of New York Mellon vs Walnut Place
Apr
05
KABOOM | Bank of NY Mellon Must Face Lawsuit on Countrywide
Bank of NY Mellon must face lawsuit on Countrywide April 3 (Reuters) – A federal judge rejected Bank of New York Mellon Corp’s bid to dismiss a lawsuit by investors over its role as trustee for mortgage-backed securities that led to an $8.5 billion settlement by Bank of America Corp. U.S. District Judge William Pauley … Read more
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- Mortgage Fraud | Bank of America, Bank of New York Mellon, Countrywide Home Loans Servicing, Law Offices of David Stern, Cheryl Samons
- New York Attorney General Accuses Bank Of New York Mellon Of Fraud, Moves To Block Bank Of America’s Mortgage Deal
- BAM! | US Judge Takes $8.5 Bln BofA Deal from State Court in Bank of New York Mellon vs Walnut Place
Mar
22
Another Manufactured Default? Bank of America Program Allows Owners to Stay in Homes and Rent From the Bank
“Borrowers selected for the program must be at least two months past due on their mortgage and face considerable risk of foreclosure. Bank of America is reaching out to borrowers who have exhausted other alternatives to foreclosure or who haven’t responded to earlier solicitations. Homeowners with second mortgages or other liens won’t be selected.” ~ … Read more
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- HAMP | Federal Payments Halted to Bank of America, J.P. Morgan Chase and Wells Fargo for Failing to Meet Basic Program Requirements
- BofA Lawsuit to Stay in State Court | State of Arizona vs. Countrywide, Bank of America, et al
- Notice of Appeal Filed – Stay of Court Order to Vacate Injunction Stopping Bank of America Foreclosures in Utah Requested
Mar
22
Another Manufactured Default? Bank of America Program Allows Owners to Stay in Homes and Rent From the Bank
“Borrowers selected for the program must be at least two months past due on their mortgage and face considerable risk of foreclosure. Bank of America is reaching out to borrowers who have exhausted other alternatives to foreclosure or who haven’t responded to earlier solicitations. Homeowners with second mortgages or other liens won’t be selected.” ~ … Read more
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- HAMP | Federal Payments Halted to Bank of America, J.P. Morgan Chase and Wells Fargo for Failing to Meet Basic Program Requirements
- BofA Lawsuit to Stay in State Court | State of Arizona vs. Countrywide, Bank of America, et al
- Notice of Appeal Filed – Stay of Court Order to Vacate Injunction Stopping Bank of America Foreclosures in Utah Requested
Mar
22
BELL v COUNTRYWIDE | Latest Foreclosure Ruling Sides with Utah Homeowners, BofA’s Recontrust Unit can’t Rely on Texas Law
Latest foreclosure ruling sides with Utah homeowners Lawsuit » In split with other judges, jurist says BofA unit can’t rely on Texas law Contrary to the findings of two other federal judges in Utah, U.S. District Judge Bruce Jenkins has ruled that Bank of America must follow state law when it forecloses on homeowners in … Read more
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Mar
13
Fannie Announces an Initiative to Make Loan-level Data for Single-family MBS Accessible as a Move Towards Transparency
A Legal Take on Fannie-BofA Fannie announced an initiative to make loan-level data for single-family MBS accessible as a move towards transparency. The agency will start releasing loan-level data beginning the first quarter of 2012 and will provide data updates regularly. Obviously investors in agency MBS, and all MBS, want to know what they’re buying, … Read more
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Mar
12
Naked Capitalism | The Legal Lie at the Heart of the $8.5 Billion Bank of America and Federal/State Mortgage Settlements
The Legal Lie at the Heart of the $8.5 Billion Bank of America and Federal/State Mortgage Settlements Once in a while, you can discern a linchpin lie on which other important lies hinge. We can point to quite a few in America: the notion of a permanent war on terror, which somehow justifies vitiating not … Read more
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- Naked Capitalism | Yes, Virginia, Servicers Lie to Investors Too: $175 Billion in Loan Losses Not Allocated to Mortgage Backed Securities (and Another $300 Billion on the Way)
- BofA’s $8.5 Billion Settlement Could Fall Apart After Request Made To Move Mortgage Case From State To Federal Court
- Pam Bondi Press Release | Florida Enters $25 Billion Joint State-Federal Mortgage Servicing Settlement
Mar
11
Let’s Make A Deal | Fraudclosure Settlement to be Filed in Federal Court on Monday? as Government Seeks Court Approval of $25 Billion Pact
Government to seek court approval of $25 billion mortgage pact (Reuters) – A previously announced $25 billion settlement between five major banks accused of abusive mortgage practices and government officials will be filed in federal court on Monday, people familiar with the matter said late Friday. The pact unveiled February 9 is expected to result … Read more
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- Federal Housing Finance Agency Action Regarding Court Consideration of Proposed Bank of America $8.5 Billion Settlement
- BofA’s $8.5 Billion Settlement Could Fall Apart After Request Made To Move Mortgage Case From State To Federal Court
- Brad Miller Letter to Federal Housing Finance Agency Acting Director Ed DeMarco RE BofA $8.5 Billion Settlement
Mar
08
UNSEALED COMPLAINT | United States of America v. Bank of America NA – Whistleblower Says BofA Defrauded HAMP
Whistleblower Says BofA Defrauded HAMP (Reuters) – Bank of America NA prevented homeowners from receiving mortgage-loan modifications under a federal program in order to avoid millions of dollars in losses while benefitting from financial incentives for participating in the program, according to a complaint unsealed in federal court Wednesday. The complaint unsealed Wednesday was filed … Read more
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- Unsealed Complaint | Wells Fargo, Bank of America, J.P. Morgan Chase and GMAC Mortgage, Engaged in “A Brazen Scheme to Defraud Our Nation’s Veterans”
- Complaint | United State of America vs Deutsche Bank and Mortgageit, Inc
- United States vs Deutsche Bank | Deutsche Bank Faces US Mortgage Fraud Lawsuit
Mar
08
UNSEALED COMPLAINT | United States of America v. Bank of America NA – Whistleblower Says BofA Defrauded HAMP
Whistleblower Says BofA Defrauded HAMP (Reuters) – Bank of America NA prevented homeowners from receiving mortgage-loan modifications under a federal program in order to avoid millions of dollars in losses while benefitting from financial incentives for participating in the program, according to a complaint unsealed in federal court Wednesday. The complaint unsealed Wednesday was filed … Read more
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- Unsealed Complaint | Wells Fargo, Bank of America, J.P. Morgan Chase and GMAC Mortgage, Engaged in “A Brazen Scheme to Defraud Our Nation’s Veterans”
- Complaint | United State of America vs Deutsche Bank and Mortgageit, Inc
- United States vs Deutsche Bank | Deutsche Bank Faces US Mortgage Fraud Lawsuit
Mar
05
State of Nevada v. Bank of America Corp. | U.S. Appeals Court Boots Nevada AG Foreclosure Suit Back To State Court; Rejects BofA’s Attempt To Shop For Friendlier Federal Forum
Court sides with Nevada in BoA foreclosure case * 9th Circuit sends case back to Nevada state court * Lawsuit alleges mortgage abuses against Bank of America By Andrew Longstreth NEW YORK, March 2 (Reuters) – A federal appeals court on Friday granted Nevada’s request to send its lawsuit alleging mortgage modification and foreclosure abuses … Read more
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- State of Nevada vs Bank of America – Nevada Attorney General Sues Bank of America for Deceiving Homeowners
- Amended Complaint | Nevada Wallops Bank of America with Sweeping Suit; Nation-wide Foreclosure Settlement in Peril
- BofA Lawsuit to Stay in State Court | State of Arizona vs. Countrywide, Bank of America, et al
Feb
28
HUD CHARGES BANK OF AMERICA WITH DISCRIMINATING AGAINST HOMEBUYERS WITH DISABILITIES
HUD CHARGES BANK OF AMERICA WITH DISCRIMINATING AGAINST HOMEBUYERS WITH DISABILITIES Bank of America allegedly applied discriminatory lending requirements for borrowers with disabilities WASHINGTON–The U.S. Department of Housing and Urban Development (HUD) today announced that it is charging Bank of America with discriminating against homebuyers with disabilities. HUD alleges that Bank of America imposed unnecessary … Read more
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- State of Arizona vs. Countrywide, Bank of America, et al – Office of Attorney General Terry Goddard Charges Bank of America with Mortgage Fraud
- DOLFO v BANK OF AMERICA | Homebuyers Claims BofA Found a New Dirty Trick Illegally Extract Money from Customers, Foreclose
- Beals v. Bank of America – Bank of America Sued in Class Action Over Foreclosure Fraud
