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Deutsche Bank knew mortgage co it bought lied: Justice Dept

Deutsche Bank knew mortgage co it bought lied: Justice Dept


(Reuters) –

Deutsche Bank AG knew in 2006 that a mortgage company it was preparing to buy lied to the U.S. government about its mortgages, yet went ahead with the purchase and should be held financially responsible, the Justice Department said on Monday.

According to the department’s amended $1 billion complaint filed Monday evening with the U.S. District Court in Manhattan, Deutsche Bank was “on notice of and expressly assumed responsibility” for wrongdoing at MortgageIT Inc, which it bought in 2007.

[REUTERS]

© 2010-15 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



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Foreclosure Soup Kitchen For Unemployed – Up to $50K Zero Interest Loans

Foreclosure Soup Kitchen For Unemployed – Up to $50K Zero Interest Loans


Meanwhile all the Kings Men and 2 King Wives continue to feast extremely well via bailouts… Some of you (not all) have a slight chance… or is it?…


Who do you think this is benefiting?

From the Wall Street Journal – Foreclosure relief finally kicks off

The Obama administration is finally launching a long-awaited $1 billion program designed to provide the unemployed with loans to help them avoid foreclosure.

But there’s a catch: Homeowners will have only a month to apply.

Continue reading [WSJ]

© 2010-15 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



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COMPLAINT | U.S. v. DEUTSCHE BANK, MORTGAGEIT for reckless practices

COMPLAINT | U.S. v. DEUTSCHE BANK, MORTGAGEIT for reckless practices


courtesy of DealBook

U.S. v. Deutsche Bank AG et al, U.S. District Court, Southern District of New York, No. 11-02976.

[ipaper docId=54521806 access_key=key-nhneasxcfg5b5mmh1qf height=600 width=600 /]

© 2010-15 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



Posted in STOP FORECLOSURE FRAUDComments (1)


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