For a PDF of this decision click download here: Henson v. Santander SCOTUS 2017 The US Supreme Court ruled that a purchaser of a defaulted debt who then seeks to collect the debt for itself is not a “debt collector” subject to the federal Fair Debt Collection Practices Act. The issue before the Court was […]

Tags: CitiFinancial, Henson v. Santander Consumer USA, Santander Consumer
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Millions of consumers lost their homes when the housing market bubble burst. But federal regulators say some of those people may have been able to stay in their homes had mortgage lenders fulfilled their requirements. To that end, the Consumer Financial Protection Bureau has ordered two Citigroup subsidiaries to pay $28.8 million to resolve allegations that […]

Tags: CFPB, CitiFinancial, Citimortgage
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This is one instance in which the industry practice of tricking borrowers into foreclosure becomes crystal clear. The case is also instructive on the terms of so-called “modifications.” The goal in all instances is to use every means at their disposal to trick the borrower into waiving rights and falling into the abyss of foreclosure […]

Tags: “servicer” under 12 C.F.R. § 1024.2(b), CFPB, CitiFinancial, CitiFinancial Company, CitiFinancial Credit Company, CitiFinancial Services, CitiFinancial Servicing, Citigroup Inc, Credit reporting, Deferment, Furnisher
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Tags: Ameriquest, bond market, borrower, Center for Public Integrity, CitiFinancial, Citigroup, countrywide, Dean Starkman, derivatives, disclosure, doctoring documents, Federal Trade Commission, financial alchemy, Ford Motor Company, foreclosure, foreclosure defense, foreclosure fraud, foreclosure offense, foreclosures, forgery, General Electric, global crisis, global financial meltdown, Household Finance, housing market, housing prices, investors, Lender Liability, Mike Hudson, mortgage backed securities, mortgage meltdown, Ponzi scheme, predatory lending, Rich Lord, rogue lenders, securitization, subprime mortgage, systematic fraud, trustee
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MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT SEE FULL ARTICLE ON MORTGAGENEWSDAILY.COM The OCC is rolling out its first public service announcements to alert consumers about the Independent Foreclosure Review announced by it, the Fed, and the OTS in early November.  The campaign follows the distribution of over 4 million letters […]

Tags: AMERICA'S SERVICING COMPANY, Aurora Loan Services, Bank of America, bankruptcy, Beneficial, borrower, Chase, Citi Mortgage, Citibank, CitiFinancial, Country-Wide, countrywide, disclosure, EMC, EverBank/Everhome, foreclosure, foreclosure defense, foreclosure offense, FORECLOSURE REVIEW, foreclosures, fraud, Freedom Financial, GMAC Mortgage, HFC, HSBC, IndyMac Mortgage Ser vices, LOAN MODIFICATION, MetLife Bank, modification, NATIONAL CITY, OCC, PNC, quiet title, rescission, RESPA, securitization, Sovereign Bank, Sun-Trust Mortgage, TILA audit, trustee, U.S. Bank, Wachovia, Washington Mutual, WEISBAND, Wells Fargo
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