Kaboom!! New federal mortgage fraud task force subpoenas 11 banks

Categorized | STOP FORECLOSURE FRAUD

KaBOOM!! New federal mortgage fraud task force subpoenas 11 banks

Posted on27 January 2012. Tags: 50 state settlement, Abigail Field, attorney general, bank of america, Beau Biden, california, Catherine Cortez Masto, Covington & Burling, criminal, delaware, employees, Eric Holder, Eric Schneiderman, esign, fannie mae, fhfa, FHFA OIG, foreclosure fraud, fraud digest, Freddie Mac, investigation, investors, Kamala D. Harris, kentucky, Lender Processing Services Inc., LPS, Lynn Szymoniak ESQ, mail fraud, Martha Coakley, massachusetts, mbs, MERS, MERSCORP, mortgage, mortgage backed securities, MORTGAGE ELECTRONIC REGISTRATION SYSTEMS INC., nationwide title clearing, Nevada, new york, obama administration, Pension Funds, Refinance, Representation, settlement, tom miller, Trusts, UETA, wire fraud

You simply cannot make this stuff up!

HW-

The new federal task force led by New York Attorney General Eric Schneiderman sent subpoenas to the 11 largest financial institutions in the past few days as part of its investigation in possible residential mortgage-backed securities fraud.

President Obama formed the task group and announced it in his State of the Union address Tuesday.

Schneiderman said in a press conference Friday that he will be joined by Delaware AG Beau Biden, Massachusetts AG Martha Coakley and Nevada AG Catherin Cortez Masto, California AG Kamala Harris and Illinois AG Lisa Madigan.

[HOUSING WIRE]

David Dayen | Foreclosure Fraud Settlement Terms Laid Out, But Holdout AGs Not Signed On FDL- By: David Dayen When I started digging into whether...
FRAUD DIGEST: PROSECUTING MORTGAGE DOCUMENT FRAUD PROSECUTING MORTGAGE DOCUMENT FRAUD In the State of the Union...
BREAKING: Obama Administration And Banks Near Deal On Mortgage Fraud Legal Liability HuffPO- The Obama administration, state attorneys general, and the nation’s...
Are Schneiderman and Liberal Groups Selling Out to Obama on Bank Fraud? HuffPO- If the president thought his mortgage investigation announcement would...
Meet NY Attorney General Eric Schneiderman, The Man Who Could Be Wall Street’s New Worst Nightmare Linette Lopez over at Business Insider did a great job...

This post was written by:

dinsfla - who has written 3710 posts on FORECLOSURE FRAUD | by DinSFLA.

CONTROL FRAUD | ‘If you don’t look; you don’t find, Wherever you look; you will find’ -William Black

Contact the author

4 Responses to “KaBOOM!! New federal mortgage fraud task force subpoenas 11 banks”

Joyce says:

01/30/2012 at 12:54 am

It would be nice to know which banks were subpoenaed.
dinsfla says:

01/30/2012 at 12:56 am

It must be from this list:
http://stopforeclosurefraud.com/2011/04/13/occ-banker-mers-lps-foreclosure-fraud-settlement-consent-orders/

I’m also hearing there is many more coming…that lead me to think it’s all the Trustees ie: HSBC, Deutsche Bank, US Bank, Barclay, BONY…etc.
lies says:

01/30/2012 at 1:23 am

I think its quite with they have this task force trying to investigate these banks and they AG’s trying to reach a settlement not investigate. Reminds me what it felt like trying to get a Hampshire loan the right. Hand doesn’t know what the left is doing. Why does Obama have these two entities working against each other
Dan says:

01/30/2012 at 12:10 pm

Barclay’s and Bank of NY Mellon Trust should be added to the list.