FORECLOSURE FRAUD | by DinSFLA
SEC Announces $2.5 Million Whistleblower Award to An Employee of a Domestic Government Agency

SEC Announces $2.5 Million Whistleblower Award to An Employee of a Domestic Government Agency

26 July 2017

FOR IMMEDIATE RELEASE 2017-130 Washington D.C., July 25, 2017— The Securities and Exchange Commission today announced an award of nearly $2.5 million to an employee of a domestic government agency whose whistleblower tip helped launch an SEC investigation and whose continued assistance enabled the SEC to address a company’s misconduct. ”Whistleblowers can provide a wealth […]

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JPMorgan and Goldman Sachs bosses receive $314m windfall, boosted by Donald Trump

JPMorgan and Goldman Sachs bosses receive $314m windfall, boosted by Donald Trump

26 July 2017

The Independent- The bosses of two of Wall Street’s biggest banks received a $314m (£241m) windfall last year as the value of their shares soared after Donald Trump’s victory in the US presidential election. Jamie Dimon, who is chairman, president and chief executive of JP Morgan, and Lloyd Blankfein, the chief executive of Goldman Sachs, each saw their […]

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Wells Fargo Accidentally Handed Over A Bunch Of Confidential Info On Its Rich Clients

Wells Fargo Accidentally Handed Over A Bunch Of Confidential Info On Its Rich Clients

24 July 2017

Consumerist- After having a heckuva time dealing with backlash over its recent fake accounts fiasco, Wells Fargo has another debacle on its hands: A new report says a lawyer for the bank accidentally released a whole lot of confidential information about tens of thousands of its richest clients. According to The New York Times, a lawyer […]

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Building a mortgage meltdown for the rental market

Building a mortgage meltdown for the rental market

24 July 2017

NY POST- Is the private sector allowed to do anything anymore? For nearly 80 years, Washington has subsidized homeownership — creating massive distortions both in house prices and in what neighborhoods look like. Now the feds will subsidize rental homes as well — expanding government control over even more of the economy. The American home-buying […]

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Report: Cordray to Quit CFPB for Ohio Governor Race

Report: Cordray to Quit CFPB for Ohio Governor Race

24 July 2017

NMP- Richard Cordray is planning to leave the Consumer Financial Protection Bureau (CFPB) and seek the 2018 Democratic nomination for governor of Ohio, according to a statement by Ohio Supreme Court Justice Bill O’Neill reported by Cleveland.com. O’Neill said that an unnamed mutual friend “openly stated” that Cordray will seek statewide office in Ohio, where he […]

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TFH 7/23 | Foreclosure Workshop #37: Rigby v. Bank of New York Mellon — The “Standing-at-Inception” Rule Versus the Question Whether “the Mortgage Follows the Note” or “the Note Follows the Mortgage”

TFH 7/23 | Foreclosure Workshop #37: Rigby v. Bank of New York Mellon — The “Standing-at-Inception” Rule Versus the Question Whether “the Mortgage Follows the Note” or “the Note Follows the Mortgage”

23 July 2017

COMING TO YOU LIVE DIRECTLY FROM THE DUBIN LAW OFFICES AT HARBOR COURT, DOWNTOWN HONOLULU, HAWAII LISTEN TO KHVH-AM (830 ON THE AM RADIO DIAL) ALSO AVAILABLE ON KHVH-AM ON THE iHEART APP ON THE INTERNET . . Sunday –  July 23 TFH 7/23 | Foreclosure Workshop #37: Rigby v. Bank of New York Mellon […]

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Greenberg Traurig Faces Bankruptcy Client’s Wrath in Malpractice Fight

Greenberg Traurig Faces Bankruptcy Client’s Wrath in Malpractice Fight

20 July 2017

DBR- After a former energy client sued Greenberg Traurig for malpractice, alleging it could have avoided millions of dollars in legal fees if not for the firm’s negligence, the law firm has shot back, calling the claims purely speculative. The lawsuit, brought by electrical company NextEra Energy Inc. against the law firm in May, is the latest malpractice […]

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Record SEC award expected for JPMorgan whistleblowers

Record SEC award expected for JPMorgan whistleblowers

20 July 2017

Financial Planning- The SEC is expected to present the largest whistleblower award in its history – possibly $70.6 million or more to be shared by two whistleblowers in a case involving a former adviser at JPMorgan Chase – according to an SEC letter obtained by Financial Planning. The forthcoming award is expected to be split between […]

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Customers shut out of accounts for hours during Bank of America system outage

Customers shut out of accounts for hours during Bank of America system outage

19 July 2017

Miami Herald- Bank of America customers were shut out from their accounts for several hours Wednesday in a system outage. Coral Springs resident Eric Sleeper said he got what looked like a phishing email from the bank Wednesday and immediately started calling customer service to see if something was wrong. A message on his online […]

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Winter is Coming: Supreme Court Adopts New Bankruptcy Rules to Take Effect December 1, 2017

Winter is Coming: Supreme Court Adopts New Bankruptcy Rules to Take Effect December 1, 2017

19 July 2017

Lexology- Finally, after several years of debate, major changes have been approved that will have a profound impact on consumer bankruptcy cases. On April 27, 2017, the Supreme Court of the United States, through Chief Justice John Roberts, submitted to Congress amendments to the Federal Rules of Bankruptcy Procedure which set forth extensive changes dealing with forms […]

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Federal judge rules Quicken Loans wrongly influenced home appraisals

Federal judge rules Quicken Loans wrongly influenced home appraisals

18 July 2017

HW- A judge slapped Quicken Loans with nearly an $11 million penalty after it found the nonbank guilty of allegedly and wrongly influencing home appraisal values during the time leading up to the financial crisis. But Quicken Loans is quick to fight the ruling, stating it, along with its affiliated company Title Source, will appeal the rulings issued […]

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As Paperwork Goes Missing, Private Student Loan Debts May Be Wiped Away 670

As Paperwork Goes Missing, Private Student Loan Debts May Be Wiped Away 670

18 July 2017

NYT- Tens of thousands of people who took out private loans to pay for college but have not been able to keep up payments may get their debts wiped away because critical paperwork is missing. The troubled loans, which total at least $5 billion, are at the center of a protracted legal dispute between the […]

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GULIEX v. PennyMAC HOLDINGS LLC Cal: Court of Appeal, 5th Appellate Dist., 2017 || The judgment is ** reversed **. The trial court is directed to vacate its order sustaining the demurrer without leave to amend and to enter a new order overruling the demurrer. . . . This is worth reading *NOW**

GULIEX v. PennyMAC HOLDINGS LLC Cal: Court of Appeal, 5th Appellate Dist., 2017 || The judgment is ** reversed **. The trial court is directed to vacate its order sustaining the demurrer without leave to amend and to enter a new order overruling the demurrer. . . . This is worth reading *NOW**

17 July 2017

3. Links Three and Four Are Missing from the Chain Based on Herrera and Yvanova, we conclude the recorded documents do not establish that JPMorgan Chase Bank, National Association was the owner of the beneficial interest in the deed of trust. It follows that the recorded documents do not establish that PennyMac became the owner of any beneficial interest […]

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Wells Fargo stuck mortgage borrowers with extra fees, whistle-blower’s lawsuit says

Wells Fargo stuck mortgage borrowers with extra fees, whistle-blower’s lawsuit says

17 July 2017

LA TIMES- As Wells Fargo & Co. continues to be hit with fallout from its sham-accounts scandal, the bank is facing allegations that it put the screws to customers in yet another way: by slapping them with fees for delays in processing mortgage applications. A former Wells Fargo mortgage banker who worked in Beverly Hills alleged in […]

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TFH 7/16 | Foreclosure Workshop #36: United States v. Sierra Pacific Industries, Inc. — Unraveling the Mysteries of Rule 60 for Homeowners

TFH 7/16 | Foreclosure Workshop #36: United States v. Sierra Pacific Industries, Inc. — Unraveling the Mysteries of Rule 60 for Homeowners

16 July 2017

COMING TO YOU LIVE DIRECTLY FROM THE DUBIN LAW OFFICES AT HARBOR COURT, DOWNTOWN HONOLULU, HAWAII LISTEN TO KHVH-AM (830 ON THE AM RADIO DIAL) ALSO AVAILABLE ON KHVH-AM ON THE iHEART APP ON THE INTERNET . . Sunday –  July 16 Foreclosure Workshop #36: United States v. Sierra Pacific Industries, Inc. — Unraveling the […]

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New Lloyd, Same Goldman

New Lloyd, Same Goldman

13 July 2017

Bloomberg- With those 102 characters, Lloyd Blankfein introduced himself to Twitter, taking a swipe at President Donald Trump for pulling out of the Paris climate accord. The Goldman Sachs Group Inc. chief executive officer’s June 1 debut on the social media platform was unusual. No other leader of a big U.S. bank has an official Twitter account. […]

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Pimco sues Wells Fargo, claims MBS trustee ‘looted’ trusts to pay legal fees

Pimco sues Wells Fargo, claims MBS trustee ‘looted’ trusts to pay legal fees

13 July 2017

REUTERS- Several Pimco investment funds are accusing the mortgage-backed securities trustee Wells Fargo of misusing noteholder money to pay its own legal expenses. In a newly filed complaint in Manhattan State Supreme Court, the Pimco funds are asking for a declaratory judgment that Wells Fargo is not entitled to use MBS trust money to fund its defense […]

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Homeowner, Wells Fargo settle lawsuit over alleged theft during foreclosure process

Homeowner, Wells Fargo settle lawsuit over alleged theft during foreclosure process

12 July 2017

The Morning Call- An Easton man and the bank that was foreclosing on his home reached a settlement in a dispute that arose when the man alleged his belongings were stolen by workers sent to secure the property. John Barber sued Wells Fargo, alleging “his home had been broken into, the locks changed, the premises ransacked, […]

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FHFA Announces $5.5 Billion Settlement with Royal Bank of Scotland (RBS)

FHFA Announces $5.5 Billion Settlement with Royal Bank of Scotland (RBS)

12 July 2017

FOR IMMEDIATE RELEASE 7/12/2017 Washington, D.C. – The Federal Housing Finance Agency (FHFA), as conservator of Fannie Mae and Freddie Mac, today announced it has reached a settlement with Royal Bank of Scotland Group plc, related companies and specifically named individuals (collectively RBS) for $5.5 billion. The settlement resolves all claims in the lawsuit FHFA v. The […]

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How Obama’s Failure To Prosecute Wall Street Set The Stage For Trump’s Win

How Obama’s Failure To Prosecute Wall Street Set The Stage For Trump’s Win

11 July 2017

HUFFPO- In his eight years as president, Barack Obama oversaw a civil rights renaissance, laid the groundwork for combating climate change, and shepherded the nation through its worst financial crisis since the Great Depression. But his failure to prosecute Wall Street executives for causing the collapse of the housing market ushered in an era of populist rage […]

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CFPB Issues Rule to Ban Companies From Using Arbitration Clauses to Deny Groups of People Their Day in Court

CFPB Issues Rule to Ban Companies From Using Arbitration Clauses to Deny Groups of People Their Day in Court

11 July 2017

Financial Companies Can No Longer Block Consumers From Joining Together to Sue Over Wrongdoing The Consumer Financial Protection Bureau (CFPB) today announced a new rule to ban companies from using mandatory arbitration clauses to deny groups of people their day in court. Many consumer financial products like credit cards and bank accounts have arbitration clauses […]

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6th Cir. Bankruptcy Panel Holds Foreclosure Deficiency Judgment May Be Avoided

6th Cir. Bankruptcy Panel Holds Foreclosure Deficiency Judgment May Be Avoided

10 July 2017

Lexology- The Bankruptcy Appellate Panel of the U.S. Court of Appeals for the Sixth Circuit recently held that a mortgage foreclosure deficiency judgment lien may be avoided under 11 U.S.C. § 522(f)(2), reversing the bankruptcy court’s ruling to the contrary. A copy of the opinion is available at: Link to Opinion. The debtor filed a Chapter […]

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GARY DUBIN LAW OFFICES FORECLOSURE DEFENSE HAWAII and CALIFORNIA
Kenneth Eric Trent, www.ForeclosureDestroyer.com

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