In a statement shortly after he sued JPMorgan Chase, Mr. Schneiderman [Attorney general, New York state] said the lawsuit was a template “for future actions against issuers of residential mortgage-backed securities that defrauded investors and cost millions of Americans their homes.” CHECK OUT OUR EXTENDED DECEMBER SPECIAL! What’s the Next Step? Consult with Neil Garfield […]

Tags: Bear Sterns, cooking the books, DEXIA, Eric T. Schneiderman, fraud against homeowners, fraud against investors, interest rates, JP Morgan Chase, Libor, principal, residential mortgage-backed securities, TARP, WAMU
Posted in bubble, Corruption, Eviction, securities fraud |

MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE “Mr. Schneiderman’s contention that Bank of New York breached its duties to investors is significant because a trustee that agrees to oversee loan pools like those issued by Countrywide must abide by the rules governing the securities. Such rules require that lenders deliver […]

Tags: Bank of America, bank of new york, bankruptcy, BOA, borrower, countrywide, disclosure, Eric T. Schneiderman, foreclosure, foreclosure defense, foreclosure offense, foreclosures, fraud, LOAN MODIFICATION, Mellon, modification, quiet title, rescission, RESPA, securitization, TILA audit, trustee, WEISBAND
Posted in bubble, Corruption, Eviction, securities fraud |

SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM “Raymond H. Brescia, assistant professor of law at Albany Law School, said: “We’re seeing a disproportionate number of cases in the foreclosure context where questionable filings have been made. I think it’s easy to say this is the largest and most wide-ranging fraud against the courts in the United […]

Tags: Albany Law School, Baum, disclosure, Eric T. Schneiderman, foreclosure, foreclosure defense, foreclosure offense, fraud, GRETCHEN MORGENSON, Lender Liability, LUMINAQ, New York, Pillar Processing, predatory lending, Raymond H. Brescia, rescission, securitization, Subpoena, trustee
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