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End the era of the “insulated CEO” SIGTARP moves to hold top brass accountable for bad bank behavior Former Wells Fargo CEO John Stumpf and other Wells Fargo executives could still face criminal charges over how much the bank’s management knew about the more than 2 million fake accounts that 5,000 of the bank’s former […]
Editor’s Note: Today Housingwire.com published an article that the CFPB is investigating Ocwen while an article posted the same day about a housing advocacy group praises Ocwen as, “an example of how servicers help to keep borrowers in their homes.” These conflicting stories demonstrate why homeowners are not obtaining relief as investors, servicers and governmental […]
The prime directive for Ocwen and other servicers is to produce as many foreclosures as possible, erring on the side of foreclosure even where there is a mistake in posting, balance, interest applied, ownership or authority. Get a consult! 202-838-6345 https://www.vcita.com/v/lendinglies to schedule CONSULT, leave message or make payments. THIS ARTICLE IS NOT A LEGAL […]
Thursdays LIVE! Click in to the The Neil Garfield Show Or call in at (347) 850-1260, 6pm Eastern Thursdays Consultations: 202-838-NEIL (6345) or email us at info@lendinglies.com for assistance. Tonight’s episode is a continuation of last week’s discussion. California attorney Charles Marshall will join Neil Garfield to discuss the strategic planning of a lawsuit campaign […]
Business Records Exception On Shaky Ground: The main point is foundation: the affidavit or testimony by the robo-witness must show that the company he works for is in fact the servicer of the loan, as authorized by the owner of the debt, and that he/she has actual knowledge of the procedures and posting policies of […]
http://www.acainternational.org/cfpbarticle-cfpb-revises-compliance-bulletin-on-service-providers-40720.aspx The CFPB reissued its Compliance Bulletin on Service Providers, clarifying that supervised entities have flexibility allowing for appropriate risk management. In a Federal Register Notice published on Oct. 26, 2016, the Consumer Financial Protection Bureau reissued its compliance bulletin on service providers, stating the amendment was needed to clarify that supervised entities have flexibility, […]
The false pronouncements that the mortgage crisis is over have led many attorneys and homeowners to give up on winning cases. Get a consult! 202-838-6345 https://www.vcita.com/v/lendinglies to schedule CONSULT, leave message or make payments. THIS ARTICLE IS NOT A LEGAL OPINION UPON WHICH YOU CAN RELY IN ANY INDIVIDUAL CASE. HIRE A LAWYER. —————- For […]
Housing Bust 2? Low- and No-Down-Payment Mortgages Surge, “Shadow Banks” Dominate Some of the same characters that played leading roles last time. The value of the US housing market has ballooned to $26 trillion. In many markets, prices exceed even the peak or the prior bubble that blew up so spectacularly. This construct is […]
French bookkeeping: an old anecdote that reflects reality. Three sets of books. One for himself, one for his partner and one for the government. If permitted in discovery virtually every homeowner could easily show that there are multiple sets of accounting for “loan” payments, multiple sets of accounting for insurance and multiple sets of accounting […]
http://www.zerohedge.com/news/2016-10-24/14-polled-wells-fargo-customers-have-decided-leave-bank Wells Fargo’s illegal cross-selling and fraudulent account creation practices appear to have caught up with the bank, just days after CEO John Stumpf announced his surprise resignation. As Bloomberg reports, management consultancy cg42 released a poll showing 14% of Wells Fargo customers have decided to leave the bank, “potentially withdrawing billions of dollars and […]
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