VIOLATIONS OF REAL ESTATE SETTLEMENT PROCEDURES ACT | FORECLOSURE FRAUD | by DinSFLA

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Banks Took $6B in Reinsurance Kickbacks, Investigators Say

Banks Took $6B in Reinsurance Kickbacks, Investigators Say


This is a must read. There is no end to this mess. ENJOY!

American Banker-

Many of the country’s largest banks received $6 billion in kickbacks from mortgage insurers over the course of a decade, according to a previously undisclosed investigation by the Inspector General of the Department of Housing and Urban Development.

The allegations, since referred to the Department of Justice, stem from lenders’ demand that insurers cut them in on the lucrative business of insuring the mortgages they produced during the housing boom.

In exchange for the their business, companies such as Citigroup Inc, Wells Fargo & Co, SunTrust Banks Inc. and Countrywide allegedly required reinsurance partnerships on generous terms that violated the Real Estate Settlement Procedures Act, a 1974 law prohibiting abusive home sales practices.

[AMERICAN BANKER]

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Illinois 7th Circuit Appeals Reverses “RESPA, BREACH OF CONTRACT CLAIMS” Catalan v. GMAC

Illinois 7th Circuit Appeals Reverses “RESPA, BREACH OF CONTRACT CLAIMS” Catalan v. GMAC


In the
United States Court of Appeals
For the Seventh Circuit

No. 09-2182

SAUL H. CATALAN and MIA MORRIS,
Plaintiffs-Appellants,
v.
GMAC MORTGAGE CORP.,
Defendant-Appellee.

Appeal from the United States District Court
for the Northern District of Illinois, Eastern Division.
No. 05 C 6920—George W. Lindberg, Judge.
ARGUED FEBRUARY 12, 2010—DECIDED JANUARY 10, 2011

Before EASTERBROOK, Chief Judge, HAMILTON, Circuit
Judge, and SPRINGMANN, District Judge..

HAMILTON, Circuit Judge. Plaintiffs Saul H. Catalan and Mia Morris sued defendants RBC Mortgage Company and GMAC Mortgage Company under the federal RealEstate Settlement Procedures Act (“RESPA”), 12 U.S.C. § 2601, et seq., and under Illinois law for gross negligence, breach of contract, and willful and wanton negligence. The district court dismissed the plaintiffs’ gross negligence claim as merely duplicating the willful and wanton negligence claim. The court granted summary judgment to GMAC Mortgage on the plaintiffs’ RESPA, breach of contract, and remaining negligence claims. The plaintiffs appeal those decisions. We reverse the grant of summary judgment for GMAC Mortgage on the plaintiffs’ RESPA and breach of contract claims, and we affirm summary judgment on their negligence claims.1

Continue below…

[ipaper docId=46657736 access_key=key-1no0q0mzys1smc5m545b height=600 width=600 /]



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



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THIS LAWSUIT YOU GOTTA READ!!! LONG v. JPM Chase, BOA, LPS, SHAPIRO & SWERTFEGER, LLP et al

THIS LAWSUIT YOU GOTTA READ!!! LONG v. JPM Chase, BOA, LPS, SHAPIRO & SWERTFEGER, LLP et al


Thanks to WamuLoanFraud.com for this tip

IN THE SUPERIOR COURT OF FULTON COUNTY
STATE OF GEORGIA

TAMMY JO LONG, CASTLE HOME §
BUILDERS, INC., AND WILLIAM KEITH §
DAVIDSON

v.

JPMORGAN CHASE BANK N.A., BANK
OF AMERICA N.A., BANK OF AMERICA,
NATIONAL ASSOCIATION AS
SUCCESSOR BY MERGER TO LASALLE
BANK NA AS TRUSTEE FOR WAMU
MORTGAGE PASS-THROUGH
CERTIFICATES SERIES 2006-AR19
TRUST, LENDER PROCESSING
SERVICES, INC., NEW ORLEANS
EMPLOYEES’ RETIREMENT SYSTEM,
MARTA/ATU LOCAL 732 EMPLOYERS
RETIREMENT PLAN, WASHINGTON
MUTUAL BANK, F.A., FIRST AMERICAN
EAPPRAISEIT, FIRST AMERICAN, INC.,
WAMU ASSET ACCEPTANCE CORP.,
SHAPIRO & SWERTFEGER, LLP, DOE(S)
ROE(S) AND WASHINGTON MUTUAL
INC.

PLAINTIFF’S FIRST VERIFIED COMPLAINT FOR EMERGENCY TEMPORARY AND PERMANENT INJUNCTIVE RELIEF, DECLARATORY RELIEF & JUDGMENT, FRAUD IN THE FACTUM & INDUCEMENT, FRAUD, ASSIGNMENT & TITLE FRAUD/ SLANDER OF TITLE, VIOLATIONS OF THE GEORGIA RESIDENTIAL MORTGAGE ACT & MORTGAGE FRAUD, VIOLATION OF FAIR DEBT COLLECTION ACT, NEGLIGENT SUPERVISION, TORTIOUS INTERFERENCE WITH CONTRACT AND BUSINESS RELATIONSHIPS, VIOLATION OF FIDUCIARY DUTY, VIOLATION OF DUTY OF GOOD FAITH & FAIR DEALING, VIOLATION OF GEORGIA’S RACKETEERING STATUTES (RICO), COUNT XIII RESCISSION, UNJUST ENRICHMENT, CLAIM FOR ATTORNEY FEES & LITIGATION EXPENSES PURSUANT TO O.C.G.A. §§ 13-6-11 & 13-1-11, BREACH OF CONTRACT, VIOLATIONS OF REAL ESTATE SETTLEMENT PROCEDURES ACT, VIOLATIONS OF FEDERAL TRUTH-IN-LENDING ACT, VIOLATION OF FAIR CREDIT REPORTING ACT, FRAUDULENT MISREPRESENTATION, & USURY & FRAUD

[ipaper docId=39953852 access_key=key-1lw7fm32kpcbjjpebb4p height=600 width=600 /]

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



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