Editor’s Note: OK I’m glad they sued and I am glad they are alleging “brazen fraud.” But considering the trillions that were lost from this fraud why are the suits for only $1 billion and the settlements for only $25 billion? Why are we not clawing back the ill-gotten money from the brazen fraud they …
BOA Sued for ONLY $1 Billion by NY Federal Prosecutor Read More »
MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE EDITOR’S COMMENT: YAWN! The government keeps filing lawsuits that COULD be big and COULD cause make corrections in the marketplace to reflect reality. But then they go nowhere, with discovery stymied by the Banks and then a settlement on the table that sells …
Window Dressing: File a Lawsuit — Maybe It will Improve the View Read More »
COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary Biggest Fish Face Little Risk of Being Caught EDITOR’S NOTE: There is only one reason why there are not over 1,000 prosecutions that would successfully land the perps in jail — the reason is that the perps are the ones actually in charge. This is …
BofA Title claims BofA Wants $535M From Title Insurers By DAN MCCUE CHARLOTTE, N.C. (CN) – Bank of America claims mortgage insurers owe it more than $535 million for losses it suffered when the housing bubble burst. BofA, which bought the poster boy of the subprime lending fiasco, Countrywide Financial, 2 years ago, says title …
BOA Suits Claims Credit Reports Used Instead of Title Searches Read More »
