“Lehman’s own documents show it was aware of the widespread problems and deteriorating performance of the loans it had securitized,” with half the loans at one point containing material misrepresentations, the trustees said in a court filing. Editor’s Note: The difference is money — investors have it and borrower’s don’t. So while investors are successfully litigating …
Lehman to Pay $2.4 Billion out of Bankrupt Estate Read More »
Originally Posted by Bill Paatalo on Oct 26, 2017 at www.bpinvestigativeagency.com In 2013, investors in six “RALI Series” Trusts filed a complaint in New York against their Master Servicer (Nationstar Mortgage, LLC) for conducting “Bulk Note Sales” of non-performing loans owned by the trusts for its own benefit; specifically to recoup upwards of a billion-dollars …
Investigator Bill Paatalo: Nationstar Conducts “Bulk Note Sales” Without The “Notes?” Read More »
https://www.revealnews.org/blog/trumps-nominee-for-banking-post-meets-resistance-due-to-fraud-settlement/ By Aaron Glantz / July 24, 2017 “Cold and calculating and not willing to take the tiniest bit of responsibility” is how federal whistleblower Sandra Jolley describes Joseph Otting, President Donald Trump’s pick for comptroller of the currency, the nation’s chief bank regulator. Otting’s confirmation hearing is scheduled for Thursday before the Senate Committee …
Trump's nominee for OCC post meets resistance due to One West Fraud Settlement Read More »
I think what Bill Paatalo did here was expose “Mortgage Servicing Fraud” as a clear category and path for homeowners to follow, where appropriate, which is most of the time (in my opinion). The devil is in the details. Paatalo exposes the low hanging fruit that lawyers and homeowners skipped over when they analyzed the …
Federal Judge Compels Nationstar To Produce (False) Modification / Accounting Records Read More »
http://www.standard.net/Business/2016/09/15/The-reason-the-Lehman-moment-still-is-with-us Barry Ritholtz Sept. 15 is the eighth anniversary of the Lehman Brothers bankruptcy. Not enough time has passed yet for me to recall those anxious days without getting angry. Sen. Elizabeth Warren, D-Massachusetts, has used the occasion of this anniversary to suggest the next administration should “investigate and jail” those Wall Street bankers who …
By the Lending Lies Team http://www.zillow.com/research/foreclosures-and-wealth-inequality-12523/ Losing your home by foreclosure to a bank that used fabricated documents to foreclose is a tragedy that has tainted the American dream for millions of Americans. The process is unjust, unlawful and dehumanizing. But even years after the former homeowner has moved forward with their lives they sustain …
Mortgages: Weapons of Middle-Class Mass Destruction Read More »
EDITOR’S NOTE: The complaint below is from the United States Atty. for the Southern District of New York gives us a clear picture of the processing of loans without any underwriting standards at Countrywide and other aggregators across the country. The complaint is not authority, but it is a guide for what you can allege …
U.S. v BofA: Countrywide Eliminated Underwriting Standards Read More »
“Furthermore, evidence of the DocX forgery and fabrication process could be used to reach even higher. Who directly solicited the company for fake documents? The foreclosure mill law firms, which then knowingly submitted them into courts. Who directed the foreclosure mills to do that? The mortgage servicers, which are typically units of the biggest banks. Furthermore, there’s no reason to …
Look Who Got thrown Under the Bus for Criminal Prosecution on Banking Crisis Read More »
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Whistleblower Bangs BofA for $14.5 million in Mortgage Case Read More »
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Az Statute on Mortgage Fraud Not Enforced (except against homeowners) Read More »
Featured Products and Services by The Garfield Firm NEW! 2nd Edition Attorney Workbook,Treatise & Practice Manual – Pre-Order NOW for an up to $150 discount LivingLies Membership – Get Discounts and Free Access to Experts For Customer Service call 1-520-405-1688 Want to read more? Download entire introduction for the Attorney Workbook, Treatise & Practice Manual 2012 …
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT CUSTOMER SERVICE 520-405-1688 Editor’s Comment: The following information was submitted to the blog by a law firm. We do not know this law firm. We are simply passing along information that may be of interest to Californians. As always, please do your research. …
Guest Writer Shares Info on Fraud in CA Foreclosure Cases Read More »
First, let’s talk to the guy that says homeowners shouldn’t get a break because it would be unfair to him. After all he paid his mortgage and he is still paying his mortgage and nobody is helping him, right? Wrong. Everyone who has a mortgage is getting a federal subsidy. They get to pay less …
Why Everyone Should Support Principal Corrections on Mortgages Read More »
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT EDITOR’S COMMENT: When someone said mortgage fraud they were pointing the finger at borrowers or mortgage brokers. Now they are pointing the fingers at Banks, mortgage brokers, mortgage originators and everyone else that sold borrowers false loan products based upon intentional misrepresentations and …
THE HIGH COST OF THE BANKS' MORTGAGE FRAUD AND FORECLOSURE FRAUD Read More »
MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE “Allied never played by the rules.” EDITOR’S COMMENT: The only thing I don’t like about these reports is the implication that mortgage fraud consists of isolated instances in which industry standards for underwriting were undermined or ignored. They always imply that it was …
FEDS SUE ALLIED MORTGAGE FOR FRAUD IN MORTGAGE BROKERING Read More »
MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE FHFA ACCUSES BANKS OF FRAUD: THEY KNEW THEY WERE LYING “FHFA has refrained from sugar coating the banks’ alleged conduct as mere inadvertence, negligence, or recklessness, as many plaintiffs have done thus far. Instead, it has come right out and accused certain banks …
FRAUD: The Significance of the Game Changing FHFA Lawsuits Read More »
MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE New York AG Schneiderman Comes out Swinging at BofA, BoNY Posted By igradman On August 5, 2011 (4:28 pm) In Attorneys General This is big. Though we’ve seen leading indicators over the last few weeks that New York Attorney General Eric Schneiderman might …
SPECTRE OF FRAUD OF ALL TYPES HAUNTING BOFA, CITI, CHASE, WELLS ET AL Read More »
GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE CONSUMERS DON’T COUNT EDITOR’S COMMENT: Fascism is a system in which the government is essentially run by business. The premise of fascism is that successful commerce (as measured by the government that is controlled by business) leads to a successful society. Italy tried it and we …
SIMON JOHNSON: OCC SELLS OUT TO BANKS: CONSUMERS DON'T COUNT Read More »
SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM GET COMBO TITLE AND SECURITIZATION SEARCH, REPORT, ANALYSIS ON LUMINAQ SEE 60-minutes-securitization-property-titles-are-a-train-wreck GETTING CLOSER TO THE TRUTH EDITORIAL COMMENT: Every day we take a little more lipstick off the pig and discover, of all things, A PIG! This is a basic challenge to Wall Street that is so simple …
EDITOR’S NOTE: This decision is buried in the flurry of articles regarding the liability of investment banks for fraud in connection with upstream or downstream activity. This decision stands for the proposition that Goodman had sufficient knowledge to know or it SHOULD have known that there was fraud in the activities that were subject of …
GOLDMAN FRAUD DECISION: a watershed — ramifications across the financial sector. Read More »
Editor’s Comment: Appraisal fraud, ratings fraud, misrepresentation, steering investors and borrowers in the wrong direction — all of these amount to the same thing: DECEIT. And as everyone knows, when someone is bilked out of money or value through deceit, they are entitled to made whole — as close as possible, and probably entitled to …
Insider Confirms Builder Complicity in Appraisal Fraud Read More »
It seems that my Texas readers have done some research of their own regarding my recent posting about using identity theft and mortgage fraud as a solid claim with teeth to go after individuals and corporations who tricked you into the mortgage terms that nobody could pay or will pay. Hi Neil: After reading your …
Foreclosure Offense and Defense: Identity Theft Catching ON Read More »
Submitted by Gator Bradshaw, Esq., Florida Attorney. Raises some interesting causes of action for Mortgage Fraud and ID Theft. Originally lobbied by lenders, this was to protect them from unscrupulous borrowers and conspiracies with mortgage brokers et al. Now it seems they violated the very same laws they fought so hard to get on the …
Turning the Tables: Using ID Theft and Mortgage Fraud Against the Banks Read More »
