23 May 2012
ABC- An Eyewitness News and California Watch investigation found that families across California were being sued after they lost their homes to foreclosure. Mina Shahab lives in a cramped apartment in Woodland Hills. She shares it with her brother who is stricken with cancer. A few years ago, she took out two loans and bought [...]
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23 May 2012
Business Week- Bank of America Corp. (BAC) and Mortgage Electronic Registration Systems Inc. lost a bid to dismiss a lawsuit claiming they shortchanged Texas counties out of uncollected mortgage filing fees. “The plaintiffs have brought sufficient evidence to allow the case to go forward,” U.S. District Judge Reed O’Connor in Dallas said. O’Connor threw out [...]
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23 May 2012
NOT FINAL UNTIL TIME EXPIRES TO FILE REHEARING MOTION AND, IF FILED, DETERMINED IN THE DISTRICT COURT OF APPEAL OF FLORIDA SECOND DISTRICT ROBERT J. BOYE and CARMEN B. FORGIONE, Appellants, v. CITIMORTGAGE, INC., n/k/a NATIONSTAR MORTGAGE, LLC, Appellee. ________________________________ Opinion filed May 23, 2012. Appeal from the Circuit Court for Lee County; James R. [...]
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23 May 2012
These banks and their bait and switch games. Don’t TRUST them! Raw Story- For Oriane and Norman Rousseau, their hopes of keeping the modest California house that had been their dream home ended with a loud noise while Oriane was in the kitchen. She rushed to the bedroom, unsure of what had happened. But when [...]
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23 May 2012
For immediate release The Federal Reserve Board on Wednesday announced the availability of a new video that explains how borrowers who believe they were financially harmed during the mortgage foreclosure process in 2009 and 2010 can apply for a free, independent foreclosure file review. Both English and Spanish versions of the video are available for [...]
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23 May 2012
These are all potential whistle-blowers! Karma… Forbes- Add it to the growing list of people going after JPMorgan Chase. Employees are suing the bank over the $2 billion trading loss that they say hurt their retirement plans. A lawsuit filed on behalf of JPMorgan employees says their retirement accounts fell in value after news broke [...]
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23 May 2012
Via: Max Gardner Are You PSA Literate? . We are pleased to present this guest post by April Charney. If you are an attorney trying to help people save their homes, you had better be PSA literate or you won’t even begin to scratch the surface of all you can do to save their homes. [...]
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22 May 2012
Thursday, May 24, 2012 10:00 AM – 12:00 PM 538 Dirksen Senate Office Building COMMITTEE ON BANKING, HOUSING, AND URBAN AFFAIRS will meet in OPEN SESSION to conduct a legislative hearing on “The Responsible Homeowner Refinancing Act of 2012.” The witness will be: Mr. Bill Emerson, CEO, Quicken Loans, Inc. Additional witnesses may be announced [...]
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22 May 2012
In an exclusive Web extra filmed after his appearance on “Viewpoint with Eliot Spitzer,” Charles Ferguson, the director of the Academy Award-winning documentary “Inside Job,” surprises Eliot Spitzer by revealing that Larry Summers worked for the hedge fund Taconic Capital Advisors while he was president of Harvard University, underscoring Ferguson’s point that academia and the [...]
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22 May 2012
Why aren’t we surprised? American Banker- A federal judge dismissed portions of the Securities and Exchange Commission’s case against two former executives of imploded bank Indymac on Monday. U.S. District Judge Manuel Real of California’s Sourthern District dismissed SEC civil charges stemming from five securities filings against former Chief Executive Officer Michael Perry and Chief [...]
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22 May 2012
Abigail C. Field- President Obama’s reelection campaign hinges on a big lie. Obama claims that Romney represents the 1% and Obama represents everybody else. But the key part of that claim is a lie: Yes, Romney represents the 1%, but so does Obama. His policy choices on housing and banking make that clear. Before I [...]
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22 May 2012
via Simon Johnson- Jamie Dimon is CEO of JP Morgan Chase, one of the largest and most powerful banks in the world. Because the bank is “too big to fail”, it enjoys the protection of US taxpayers. As such, Mr. Dimon has a responsibility to safeguard the bank’s financial strength – not just for the [...]
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22 May 2012
by Paul Kiel and Cora Currier ProPublica, May 22, 2012, 12:26 p.m. Answers to homeowners’ questions about the Independent Foreclosure Review.The administration’s website for the foreclosure prevention program. Provides an FAQ, homeowner examples, and other tools to see whether you might qualify for the program.A list of HUD-approved housing counseling agencies nationwide.Tips for homeowners from [...]
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22 May 2012
Request Testimony from CEO and Top Execs on Implementation of Dodd-Frank Volcker Rule to Prohibit Speculative Trading Washington, DC (May 22, 2012) – Today, Rep. Elijah E. Cummings, Ranking Member of the House Oversight and Government Reform Committee, and Committee Member Peter Welch sent a letter to Chairman Darrell Issa requesting that the Committee hold [...]
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Added on 15 October 2011
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