The banks have paid tens of billions of dollars in settlements with Federal and State agencies and law enforcement. Where did the money go? But more importantly the real question arises out of the investigation and the question Elizabeth Warren keeps asking — which homes were found to have defective notes and mortgages as alleged […]

Tags: defective mortgage liens, Elizabeth Warren, government settlements, illegal foreclosure, JPMorgan, unenforceable notes, wrong ful foreclosure
Posted in Corruption, evidence, expert witness, Modification, Motions, Pleading, Servicer |

“The truth is that they stopped the review process and “Settled” because the regulators were under a mandate to protect the banks. They were finding far too many wrongful and illegal foreclosures. The investigator testified that the small sampling they used was not random but rather designed to show how few foreclosures were illegal. But […]

Tags: bank regulators, bank settlements, Barry Ritholtz, Bernanke, damages for wrongful foreclosure, Elizabeth Warren, Federal reserve, Glass-Steagall, illegal foreclosure, wrongful foreclosure
Posted in Uncategorized |