FORECLOSURE FRAUD | by DinSFLA
Wells Fargo chairman, two directors to step down amid continuing fallout from sham accounts scandal

Wells Fargo chairman, two directors to step down amid continuing fallout from sham accounts scandal

15 August 2017

LA TIMES- Stephen Sanger, the chairman of Wells Fargo & Co., will step down from the board of the embattled bank effective Jan. 1 and will be replaced by former Federal Reserve official Elizabeth A. “Betsy” Duke, the bank announced Tuesday. Two other long-serving directors, Cynthia H. Milligan and Susan G. Swenson, also will retire at the […]

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The Fed Wants to Make Life Easier for Big-Bank Directors

The Fed Wants to Make Life Easier for Big-Bank Directors

15 August 2017

NYT- Amid reports Thursday that Stephen Sanger, chairman of the Wells Fargo board, may step down in the coming months, all eyes are on the bank’s directors and their oversight of the troubled institution. While some Wells Fargo shareholders are urging the bank’s directors to sharpen their scrutiny in the wake of continuing misconduct, it’s noteworthy that […]

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Prince v BAC Home Loans | PA DC – The factual allegations, accepted as true and construed in the light most favorable to Plaintiffs, indicate that Plaintiffs suffered financial injury that may partly form the basis of a civil RICO claim

Prince v BAC Home Loans | PA DC – The factual allegations, accepted as true and construed in the light most favorable to Plaintiffs, indicate that Plaintiffs suffered financial injury that may partly form the basis of a civil RICO claim

14 August 2017

IN THE UNITED STATES DISTRICT COURT FOR THE EASTERN DISTRICT OF PENNSYLVANIA JOSEPH W. PRINCE , et al. v. BAC HOME LOANS SERVICING, L.P., et al. © 2010-17 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.

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TFH 8/13 | Open Forum: What Every Homeowner Threatened With Foreclosure Needs To Know About the Advantages and Disadvantages of Bankruptcy

TFH 8/13 | Open Forum: What Every Homeowner Threatened With Foreclosure Needs To Know About the Advantages and Disadvantages of Bankruptcy

12 August 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 – August 13 ——————— Open Forum: What Every Homeowner Threatened With Foreclosure Needs To Know About […]

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PHH Agrees to Pay Over $74 Million to Resolve Alleged False Claims Act Liability Arising from Mortgage Lending

PHH Agrees to Pay Over $74 Million to Resolve Alleged False Claims Act Liability Arising from Mortgage Lending

10 August 2017

Department of Justice Office of Public Affairs FOR IMMEDIATE RELEASE Tuesday, August 8, 2017 PHH Agrees to Pay Over $74 Million to Resolve Alleged False Claims Act Liability Arising from Mortgage Lending PHH Corp. PHH Mortgage Corp. and PHH Home Loans (collectively, PHH) have agreed to pay the United States $74,453,802 to resolve allegations that […]

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Attorney Linda Tirelli Defines Robo-Signing For Clueless Steven Mnuchin

Attorney Linda Tirelli Defines Robo-Signing For Clueless Steven Mnuchin

10 August 2017

HuffingtonPost- It seemed like the Treasury Secretary doth protest a bit too much as a Shakespearean drama unfolded at a July 27th meeting of the House Financial Services Subcommittee. Steven Mnuchin, like some wayward damsel in distress, took deep umbrage at Representative Keith Ellison’s (D-MN) suggestion that he was anything but an honest, ethical banker; albeit one […]

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Wells Fargo’s latest legal issue involves credit card fees

Wells Fargo’s latest legal issue involves credit card fees

08 August 2017

NY POST- Another day, another class-action lawsuit against Wells Fargo. The latest legal salvo claims the bank headed by Chief Executive Tim Sloan has been ripping off small businesses for years by burying fees and misleading merchants about how much they have to pay for credit card processing services. Wells Fargo’s merchant services unit, a […]

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Ronald Oliva v. Blat, Hasenmiller, Leibsker & Moore LLC | 7th Circuit Overrules FDCPA Bona Fide Mistake Case

Ronald Oliva v. Blat, Hasenmiller, Leibsker & Moore LLC | 7th Circuit Overrules FDCPA Bona Fide Mistake Case

08 August 2017

H/T Dubin Law Lexology- In a divided en banc decision, the U.S. Circuit Court of Appeals for the Seventh Circuit has reversed (by vote of 7 to 4) a 2016 decision that a law firm when acting as a debt collector was shielded from liability under the Fair Debt Collection Practices Act when it relied on precedent […]

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Fannie and Freddie could need $100 billion bailout in next crisis, stress test finds

Fannie and Freddie could need $100 billion bailout in next crisis, stress test finds

07 August 2017

Market Watch- Fannie Mae and Freddie Mac could need a taxpayer bailout of as much as $99.6 billion if a severe economic downturn gripped the U.S., their regulator said Monday. The Federal Housing Finance Agency released the results of a stress test that examined how the mortgage finance companies would perform in what’s called a […]

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Wells Fargo to pay U.S. $108 million over veterans’ loans

Wells Fargo to pay U.S. $108 million over veterans’ loans

07 August 2017

Reuters- Wells Fargo & Co (WFC.N) will pay the U.S. government $108 million to settle a whistleblower lawsuit claiming it charged military veterans hidden fees to refinance their mortgages, and concealed the fees when applying for federal loan guarantees. The third-largest U.S. bank on Friday said the accord resolved claims that its Interest Rate Reduction […]

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TFH 8/6 | Foreclosure Workshop #39: Hall v. Yee — Exposing Yet Another Hidden Fraudulent Mortgage Scheme, or How the Banksters Try To Screw You Even When You Are Dead

TFH 8/6 | Foreclosure Workshop #39: Hall v. Yee — Exposing Yet Another Hidden Fraudulent Mortgage Scheme, or How the Banksters Try To Screw You Even When You Are Dead

05 August 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 – August 6 ——————— Foreclosure Workshop #39: Hall v. Yee — Exposing Yet Another Hidden Fraudulent […]

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Wells Fargo ordered to rehire whistleblower and pay $577,500 in back wages

Wells Fargo ordered to rehire whistleblower and pay $577,500 in back wages

03 August 2017

CNN MONEY- A federal agency has ordered Wells Fargo to give a whistleblower her job back, along with $577,500 in back pay and damages. The whistleblower was working as a branch manager in Pomona, California, when she was fired for reporting misconduct related to the bank’s fake account scandal, according to findings released on Friday by the […]

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Exclusive: N.Y. regulator subpoenas Wells Fargo over unwanted auto insurance

Exclusive: N.Y. regulator subpoenas Wells Fargo over unwanted auto insurance

03 August 2017

REUTERS- New York state’s banking and insurance regulator has issued subpoenas to two Wells Fargo & Co units after the bank admitted to charging several hundred thousand borrowers for auto insurance they did not ask for or need, causing many delinquencies. The New York Department of Financial Services is demanding Wells’ loan contracts with New […]

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Secured Claims: MERS Strikes Again, Or Maybe Not

Secured Claims: MERS Strikes Again, Or Maybe Not

02 August 2017

Bankruptcy-RealEstate-Insights- Tamir v. U. S. Trustee, 566 B.R. 278 (D. Me. 2016) – A chapter 11 debtor filed objections to proofs of claim filed by holders of his mortgage notes. He argued that the banks did not have secured claims because under state law they did not have standing to foreclose the related mortgages. After the […]

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NJ Supreme Court: If Borrower Abides By Terms Of Settlement Agreement, Lender Must Modify Mortgage

NJ Supreme Court: If Borrower Abides By Terms Of Settlement Agreement, Lender Must Modify Mortgage

02 August 2017

Lexology- Lawsuits arising out of foreclosures and mortgage modifications are common. (Even more common than lawsuits about gyms or health clubs if you can believe that.) Nearly every day there is a decision from the Appellate Division arising out of a residential foreclosure. Most of these fall into the same category — borrower defaults and loses home through foreclosure then challenges […]

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Donald Trump’s Pick For Key Bank Regulator Is A Foreclosure Kingpin, Of Course

Donald Trump’s Pick For Key Bank Regulator Is A Foreclosure Kingpin, Of Course

02 August 2017

Joseph Otting signed legal papers admitting the bank he ran forged documents to push Americans out of their homes. He also bought a mansion. Huffington Post- President Donald Trump’s choice to lead a key bank regulation agency spent the first half of this decade running a bank that illegally foreclosed on hundreds of thousands of Americans, often […]

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Amended Complaint Shows Government Lied To Public About GSEs

Amended Complaint Shows Government Lied To Public About GSEs

01 August 2017

Seeking Alpha- Summary The government has been winning lawsuits based on the premise that the facts don’t matter. New documents produced by discovery prove that the government has been lying about the facts. Plaintiff lawsuits are like weeds where if one results in a loss, it is appealed and another one is filed with improved reasoning. […]

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4th Cir. Holds SCRA Does Not Apply to Mortgage Loan Incurred During Service, Even If Borrower Re-Enlists

4th Cir. Holds SCRA Does Not Apply to Mortgage Loan Incurred During Service, Even If Borrower Re-Enlists

01 August 2017

Lexology- The U.S. Court of Appeals for the Fourth Circuit recently held that the federal Servicemembers Civil Relief Act (SCRA) does not apply to a mortgage loan obligation incurred while a borrower is a member of the military, even where he subsequently leaves and then later re-enlists in the military prior to a foreclosure sale. […]

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Lawsuit says Wells Fargo auto insurance charges were a fraud

Lawsuit says Wells Fargo auto insurance charges were a fraud

31 July 2017

Reuters- A new lawsuit accuses Wells Fargo & Co (WFC.N) of racketeering violations and fraud after the bank admitted to charging several hundred thousand borrowers for auto insurance they did not ask for or need, causing many delinquencies. The proposed class action filed on Sunday in San Francisco federal court deepens the fallout from the […]

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The Effects of a Creditor’s Non-Participation in Bankruptcy Proceedings

The Effects of a Creditor’s Non-Participation in Bankruptcy Proceedings

30 July 2017

Lexology- It’s essential for secured creditors, particularly those who deal with consumer debts, to have policies in place that address the effects of a borrower’s bankruptcy. A Texas bankruptcy court underscored this need by ruling that a secured creditor’s claim could be modified, lessening its total recovery from the bankruptcy estate, where the creditor did […]

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TFH 7/30 |  Foreclosure Workshop #38: Guliex v. PennyMac Holdings LLC — Borrowers Beware of Ten Deceptions Pretender Lenders Use To Prove “Standing-at-Inception” in Court

TFH 7/30 | Foreclosure Workshop #38: Guliex v. PennyMac Holdings LLC — Borrowers Beware of Ten Deceptions Pretender Lenders Use To Prove “Standing-at-Inception” in Court

30 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 30 Foreclosure Workshop #38: Guliex v. PennyMac Holdings LLC — Borrowers Beware of Ten […]

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Treasury Secretary Mnuchin: Do not call me the ‘foreclosure king’…’Robo-Signing is NOT a Legal term’

Treasury Secretary Mnuchin: Do not call me the ‘foreclosure king’…’Robo-Signing is NOT a Legal term’

27 July 2017

CNN Money- Whatever you do, don’t call Steven Mnuchin ‘the foreclosure king.’ It really ticks him off. Democrats and housing advocates bestowed the title on Mnuchin after he was named by President Trump to serve as Treasury Secretary. They accused Mnuchin of having profited from the 2008 financial crisis by foreclosing on thousands of distressed […]

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