Posted on 29 November 2011. Tags: attorney general, bank of america, Eric Schneiderman, foreclosure crisis, illegal foreclosures, Illegal Military Foreclosures, jp morgan chase, Military Foreclosures, new york, SCRA, Servicemembers Civil Relief Act
Another great job by Shahien Nasiripour
FT-
Eric Schneiderman, New York attorney-general, has launched an investigation into possibly unlawful foreclosures on the mortgages of active-duty members of the US military.
Data released last week by a federal banking regulator suggested that 10 leading lenders may have seized the homes of about 5,000 service members in violation of the Servicemembers Civil Relief Act. The nearly-decade old law restricts foreclosures on the homes of members of the US armed forces while they are on active duty.
[FINANCIAL TIMES]
© 2010-17 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.
Posted in STOP FORECLOSURE FRAUD
Posted on 29 November 2011. Tags: bank of america, foreclosure crisis, illegal foreclosures, Illegal Military Foreclosures, jp morgan chase, Military Foreclosures, SCRA, Servicemembers Civil Relief Act
HuffPO-
Even those people putting their lives on the line for their country may not be safe from the American foreclosure crisis.
Ten lenders are reviewing close to 5,000 foreclosures of homes belonging to active-duty service members in an attempt to discover if they were carried out improperly, according to data from the Office of the Comptroller of the Currency, cited by the Financial Times. The OCC’s report is based on projections prepared by the lenders and and their consultants. Bank of America said it is reviewing 2,400 foreclosures of homes belonging to active-duty service members and Wells Fargo said it’s looking at nearly 900 cases. Citigroup is reviewing 700 foreclosures, the bank said.
[HUFFINGTON POST]
© 2010-17 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.
Posted in STOP FORECLOSURE FRAUD
Posted on 06 May 2011. Tags: bank of america, Business News, CFPB, Consumer Financial Protection Bureau, deutsche bank, foreclosure crisis, foreclosure fraud, Foreclosure Investigation, Holly Petraeus, illegal foreclosures, jpmorgan chase, Military Borrowers, Military Foreclosures, Morgan Stanley, Servicemembers Civil Relief Act, State Attorneys General
HUFFPO–
WASHINGTON — Two of the nation’s largest mortgage firms illegally foreclosed on the homes of “almost 50” active-duty military service members, according to a Thursday report by the Government Accountability Office.
The report does not identify the two mortgage companies. GAO investigators attributed the finding to federal bank regulators, who recently completed a three-month probe into allegations of improper foreclosures carried out by the nation’s 14 largest home loan servicers.

© 2010-17 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.
Posted in STOP FORECLOSURE FRAUD
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