The Federal Reserve's Minimum Standards for Prioritization and Handling Borrower Files with Imminent Foreclosure Sale.
The Federal Reserves guidance is significant because it applies to all regulated bank servicing, rather…more
Office of the Comptroller of the Currency’s Minimum Standards for Prioritization and Handling Borrower Files Subject to Imminent Foreclosure Sale for all OCC Regulated Banks.
The OCC guidance is significant because it applies…more
VERONICA GUTIERREZ, ERIN WALKER, and...
CLASS ACTION FINDINGS OF FACT AND CONCLUSIONS OF LAW AFTER BENCH TRIAL AWARDING $203 MILLION TO WELLS FARGO'S CALIFORNIA CUSTOMERS.
A California judge ordered Wells Fargo to pay California customers $203 after finding that…more
Senator Elizabeth Warren's May 14,...
Senator Elizabeth Warren Pushes Feds For Answer On Big Bank Enforcement
WASHINGTON — Sen. Elizabeth Warren (D-Mass.) raised the stakes of her quest to find out why a single Wall Street bank has not been prosecuted in the…more
THE PEOPLE OF THE STATE OF CALIFORNIA...
Attorney General Kamala D. Harris today filed an enforcement action against JPMorgan Chase & Co. (Chase) alleging that the bank engaged in fraudulent and unlawful debt-collection practices against tens of thousands of…more
New York Attorney General Eric Schneiderman To Sue Wells Fargo & Bank Of America For Violating National Mortgage Settlement…more
ROBO-LITIGATION Re: Attorney Misconduct at Foreclosure Mills
The scale of attorney malfeasance in connection with the foreclosure crisis is
enormous. Whether attorneys knowingly filed false documents or simply failed to…more
KEVIN SINGH v BANK OF AMERICA
California Homeowner Bill of Rights (HBOR) Blocks Bank of America's Foreclosure
A California man successfully halted a foreclosure sale on his property using the newly minted California Homeowner Bill of Rights to obtain a…more
CONGRESSIONAL BUDGET OFFICE (CBO) RE...
The Congressional Budget Office is accepted as a non-partisan agency which has torpedoed both Democratic and Republican proposals on the economy. Upon request from Congress, the CBO studied the mortgage and foreclosure market…more
NATIONAL CONSUMER LAW CENTER (NCLS)
Banks Raking In Billions In Profits From Overdraft Fees
The notion behind an overdraft fee — in which a bank customer is charged a penalty for overdrafting his account — is twofold: To…more
City of Los Angeles v Deutsche Bank...
(Link to Complaint)
Apr 23, 2013
A judge has denied Deutsche Bank AG's bid to dismiss a lawsuit by the city of Los…more
Harold C. Wallace v. Midwest Financial...
A Sixth Circuit U.S. Court of Appeals panel on April 23 reversed an award of summary judgment to a mortgage lender, a mortgage brokerage firm and its principals after finding that an appraisal that inflated the value of a man's…more
YOU CAN’T TRUST OUR NATIONAL BANKS...
FRAUD, NOT MISTAKES AND ERRORS, HAVE PERMEATED THE FORECLOSURE PROCESS IN AMERICA
When judges begin ordering the accounting and financial books and records of the
alleged owner of a borrower’s note to be produced, not…more
CONGRESS OF THE UNITED STATES-...
Fed Argues that Mortgage Abuses are Trade Secrets, Meaning Institutionalized Fraud
Warren and Cummings have been asking the OCC and Fed for some time for more information about what happened in the foreclosure reviews. Out of…more
California Reinvestment Coalition...
A new survey of housing counselors in California reveals that banks are violating several consumer protections that were mandated by the $26 billion National Mortgage Settlement (NMS) and the California Homeowners Bill of…more
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