June 24, 2017

FDIC Sues Major Banks for $2.1 Billion that Pushed and Sold Residential Mortgage Backed Securities with False Statements About Quality

FDIC Sues Major Banks for $2.1 Billion AUSTIN (CN) – The FDIC, as receiver for Guaranty Bank, … [Read more...]

SEC Charges Wells Fargo for Selling Complex Investments Without Disclosing Risks

SEC Charges Wells Fargo for Selling Complex Investments Without Disclosing Risks Washington, D.C., … [Read more...]

Former Fannie Execs, Mudd and Dallavecchia, Denied Dismissal of SEC Subprime Fraud Suit

“Mudd and Dallavecchia spoke to investors on conference calls and repeated (Fannie’s) … [Read more...]

Forced Placed Insurance | Ties to Insurers Could Land Mortgage Servicers in More Trouble

Ties to Insurers Could Land Mortgage Servicers in More Trouble When banks buy insurance on the homes … [Read more...]

America in Denial | We’re Number 29 (of 30)

America in denial: We’re number 29 (of 30) US embraces policies and practices that place it at … [Read more...]

Florida Tops the Nation in Force-Placed Insurance

Florida tops the nation in force-placed insurance Florida led the country in its share of … [Read more...]

AAA Rated? | Documents Seem to Endanger Ratings Agency Legal Defense

Court Papers Undercut Ratings Agencies’ Defense Documents in a civil suit in federal court … [Read more...]

AAA Rated? | Documents Seem to Endanger Ratings Agency Legal Defense

Court Papers Undercut Ratings Agencies’ Defense Documents in a civil suit in federal court … [Read more...]

Michael Olenick | Irrational Exuberance, Housing Edition

Michael Olenick: Irrational Exuberance, Housing Edition By Michael Olenick, creator of FindtheFraud, … [Read more...]

Michael Olenick | How Banks and Their Lawyers Win at the Expense of Investors and Homeowners

Michael Olenick: How Banks and Their Lawyers Win at the Expense of Investors and Homeowners By … [Read more...]

L&L In D.C.

Tomorrow two Slips members -- Adam and I -- journey to the House of Representatives. Ok, for Adam … [Read more...]

In the Words of Goldman Sachs CEO, Lord Blankcheck…

The lyrics just below are to be sung to “On the Street Where You Live,” from the … [Read more...]

Bank of America Tries Turning Fraudclosed Homeowners Into Renters

BofA tries turning distressed homeowners into renters Bank of America is testing a mortgage-to-lease … [Read more...]

Inevitable: Facebook investors sue over IPO

Dislike. Not only is this not surprising, it’s arguably warranted, given what has been … [Read more...]

Trade deficit jumped 14.1% in March

"Unexpectedly"! Looks like Goldman Sachs has the right perspective on first-quarter growth, although … [Read more...]

U.S. Bank Nat’l Ass’n v. Ibanez | How does a loan for $103,500 actually cost the investors a loss of $274,340.89?

U.S. Bank Nat’l Ass’n v. Ibanez 458 Mass. 637 (2011) – The High Cost of Litigation This case is a … [Read more...]

(Wall) Street Fight | Dimon Vows Fight Moynihan Lost Over Claims From Mortgages

Dimon Vows Fight Moynihan Lost Over Claims From Mortgages Jamie Dimon, who’s already spent $18.5 … [Read more...]

Fedspeak | The Causes of the Foreclosure Crisis – Why Did So Many People Make So Many Ex Post Bad Decisions?

Why Did So Many People Make So Many Ex Post Bad Decisions? The Causes of the Foreclosure Crisis … [Read more...]

Fedspeak | The Causes of the Foreclosure Crisis – Why Did So Many People Make So Many Ex Post Bad Decisions?

Why Did So Many People Make So Many Ex Post Bad Decisions? The Causes of the Foreclosure Crisis … [Read more...]

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 … [Read more...]

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 … [Read more...]

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 … [Read more...]

NY Times | Investors Are Looking to Buy Homes by the Thousands

Investors Are Looking to Buy Homes by the Thousands RIVERSIDE, Calif. — At least 20 times a day, … [Read more...]

Savings down, but investors feeling bullish?

Changes In the unlikely event that you somehow didn’t win half a billion dollars last night, … [Read more...]

Adam Levitin | Calling DeMarco’s Bluff? Use the GSEs’ Market Power to Force 2d Lien Write Downs

Calling DeMarco’s Bluff? Use the GSEs’ Market Power to Force 2d Lien Write Downs … [Read more...]

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 … [Read more...]

National Foreclosure Fraud Settlement | Loan Mods and Consumer Relief Terms

Consumer Relief Requirements Any Servicer as defined in the Servicing Standards set forth in Exhibit … [Read more...]

National Foreclosure Fraud Settlement | Loan Mods and Consumer Relief Terms

Consumer Relief Requirements Any Servicer as defined in the Servicing Standards set forth in Exhibit … [Read more...]

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 … [Read more...]

FORECLOSURE FRAUD THE FINANCIAL CRISIS AND SHREK’S ONION

“The CONSPIRED PLAN: To create “attractive” securitized trust ”investments” to sell on Wall Street … [Read more...]

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