HAPPY INDEPENDENCE DAY! WHY ARE THE BANKS FIGHTING TO GET AS LITTLE AS POSSIBLE FROM EACH “FAILED” LOAN? A drama is playing out in the state of Massachusetts. Bank of America is pretending to be the lender or the authorized servicer or both. But it outsourced the task of dealing with borrowers seeking modification. The […]

Tags: Bank of America, credit default swaps, Department of the Treasury, Federal reserve, HAMP, HARP, insurance, Master Servicer, of deposition, sub servicer, TARP, taxpayers, transcript, Urban Lending Solutions
Posted in Corruption, Eviction |

Just a quick note as follow up to my article this morning. Read this qui tam complaint and see how it corroborates the facts and theories presented on this blog. Note the following quote: ” these mechanisms of fraud were and are interconnected and directly observed by Relator Mackler, who worked with various BOA executives […]

Tags: Bank of America, HAMP, HARP, MAckler, modification, qui tam complaint, quit tam, TARP, Urban Lending Solutions
Posted in Corruption, Eviction, securities fraud |