March 25, 2017

A Brief History of Labor Day

HOW LABOR DAY CAME ABOUT; WHAT IT MEANS “Labor Day differs in every essential from the other … [Read more...]

“The Lost Bank: The Story of Washington Mutual – The Biggest Bank Failure in American History” (VIDEO)

Click Here to Watch This Program ~ “The Lost Bank: The Story of Washington Mutual -The Biggest … [Read more...]

JPMorgan, Citi Units Sued by FDIC Over Colonial Sales

  JPMorgan, Citi Units Sued by FDIC Over Colonial Sales JPMorgan Chase & Co. (JPM) and … [Read more...]

Arizona Supreme Court Ends the Argument – No Note Needed to Foreclose

    Does a trustee have to “show the promissory note” in order to foreclose by … [Read more...]

Spears et al v. Washington Mutual | Federal District Court Judge Grants Class Certification in Mortgage Appraisal Suit

The United States District Court for the Northern District of California granted class certification … [Read more...]

California Homeowner in Foreclosure Wins Quiet Title – It’s a Free House!

  Well, just when I thought I’d seen everything…   A Riverside, California homeowner, Denise … [Read more...]

$80.35 Million in Foreclosure Fraud Settlement Funds Now Getting Redirected to State Budgets

$80.35 Million in Foreclosure Fraud Settlement Funds Now Getting Redirected to State Budgets By: … [Read more...]

Question of the Week | Washington State AG Rob McKenna Explains Why He Supports the AG Settlement (VIDEO)

Rob answers a Question of the Week on the multi-state investigation of loan servicers: … [Read more...]

Dexia v. Bear Stearns | “Egregious Fraud” Dexia Sues JPMorgan Over $1.7 Billion in Mortgage Securities

Dexia Sues JPMorgan Over $1.7 Billion in Mortgage Securities JPMorgan Chase & Co., the biggest … [Read more...]

“Living Wills” | FDIC Board Approves Final Rule Requiring Resolution Plans for Insured Depository Institutions Over $50 Billion in the Event of the Institution’s Failure

FDIC Board Approves Final Rule Requiring Resolution Plans for Insured Depository Institutions Over … [Read more...]

Justice Department Reaches $335 Million Settlement to Resolve Allegations of Lending Discrimination by Countrywide Financial Corporation

Department of Justice Office of Public Affairs FOR IMMEDIATE RELEASE Wednesday, December 21, 2011 … [Read more...]

Another Settlement Fail | FDIC Reaches $64 Million Settlement with 3 Former Washington Mutual Executives, Kinda…

The paltry settlement amount and the fact that the executives will likely be paying very little from … [Read more...]

PONZI | MORTGAGE-BACKED TRUSTS – RUNNING ON EMPTY?

MORTGAGE-BACKED TRUSTS – RUNNING ON EMPTY? By Lisa Epstein and Lynn E. Szymoniak, Esq. December 6, … [Read more...]

PONZI | MORTGAGE-BACKED TRUSTS – RUNNING ON EMPTY?

MORTGAGE-BACKED TRUSTS – RUNNING ON EMPTY? By Lisa Epstein and Lynn E. Szymoniak, Esq. December 6, … [Read more...]

White Paper | DECONSTRUCTING THE BLACK MAGIC OF SECURITIZED TRUSTS

DECONSTRUCTING THE BLACK MAGIC OF SECURITIZED TRUSTS: HOW THE MORTGAGE-BACKED SECURITIZATION PROCESS … [Read more...]

MTD Denied | FDIC has to Face a $10 Billion Lawsuit Tied to the Failure of Washington Mutual Bank

FDIC has to face $10 billion WaMu-related lawsuit (Reuters) – A federal judge ruled that the … [Read more...]

Fraud Digest | Mortgage Fraud – Bank of America, JP Morgan Chase, Lender Processing Services, WaMu Trusts, Washington Mutual, WMABS Trusts, WMALT Trusts

Mortgage Fraud Bank of America JP Morgan Chase Lender Processing Services WaMu Trusts Washington … [Read more...]

THEY ONCE WERE LENDERS – Understanding government’s failure to stop bankers OR scammers from destroying homeowners.

Preface… Sit down and relax… you’re going to need a comfortable chair.  But, I promise … [Read more...]

Mandelman U. Presents: There’s Credit Default Swaps & then there’s Credit Default Swaps

Complexity We Eschew at Good Old… Mandelman U. Sit, Sulte, Simplex In 1998, there were so few Credit … [Read more...]

Mandelman U. Presents: There’s Credit Default Swaps & then there’s Credit Default Swaps

Complexity We Eschew at Good Old… Mandelman U. Sit, Sulte, Simplex In 1998, there were so few Credit … [Read more...]

Chief Judge Gonzalez calls WaMu’s Conduct “Immoral, Unethical, Oppressive, Unscrupulous or Substantially Injurious to Consumers” (You go, Your Honor.)

That’s Chief Judge E. Irma Gonzalez above. Irma E. Gonzalez, Chief Judge of the United States … [Read more...]

WaMu exec: We deserved to be given a chance

The former CEO of Washington Mutual, the biggest U.S. bank ever to fail, on Tuesday defended the … [Read more...]

Investigation finds fraud in WaMu lending

The mortgage lending operations of Washington Mutual Inc., the biggest U.S. bank ever to fail, were … [Read more...]

Follow the Trail —Don’t get lost in the documents

I THOUGHT THIS COMMENT WAS WORTHY OF MAKING INTO A POST. See for Deutsch bank references Prospectus … [Read more...]

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