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 CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT CUSTOMER SERVICE 520-405-1688 Tax Preparer Slammed with $24 Million in Fines on Toxic Mortgages Editor’s Comment:  You really have to think about some of these stories and what they mean.  1. Where is the synergy in a merger between Option One and H&R […]

Tags: assignment, bailout, foreclosure defense, foreclosure fraud, foreclosure offense, foreclosures, forgery, H & R Block, housing market, Investor, investors, Lender Liability, merger between Option One and H&R Block, money trail, mortgage backed securities, mortgage meltdown, mortgages, Ocwen, Option One, predatory lending, PSA, residential mortgage-backed securities, Robert Khuzami, Sand Canyon Corp, SEC, Securities and Exchange Commission, securitization, Subprime Mortgage Business, tax company, TILA, toxic mortgages
Posted in bubble, Corruption, Eviction, securities fraud |