Review Finds Possible Flaws in More Than 138,000 Bank Foreclosures
Not this word again “Flaw”…it’s FULL B L O W N FRAUD! Why wasn’t this review done prior to any settlement? Because they never began any investigation. DealBook- The nation’s biggest banks may have...
View ArticleDoes Pauley’s BNYM ruling spell new liability for MBS trustees?
Alison Frankel- Beth Kaswan of Scott + Scott has the fervor of a pioneer when she talks about the implications of U.S. District Judge William Pauley‘s ruling Tuesday that her client, a Chicago police...
View ArticleBREAKING: The $25B Foreclosure Fraud settlement has been approved by U.S....
Via Nick Timiraos Nothing from the consent judgment entered into court in the $25B foreclosure settlement may constitute “evidence against Defendant.” WSJ- The settlement was announced in February and...
View Article[VIDEO] Shaun Donovan on the Foreclosure Fraud Settlement & Wish Wash
© 2010-14 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.
View ArticleCREDO: Tell President Obama: 55 investigators aren’t enough to investigate...
Via CREDO Back in January, President Obama announced during the State of the Union speech the creation of a new financial crimes task force to investigate the crimes and misdeeds that led to the...
View ArticleAmbac v Countrywide | NY App Div., 1st Dept. “denying defendant’s motion to...
Decided on April 5, 2012 Gonzalez, P.J., Tom, Catterson, Renwick, Richter, JJ. 7286N- 7287N- 7288N- 7289N & M-664- M-665- 651612/10 602825/08 650736/09 650042/09 -745 [*1]Ambac Assurance Corp., et...
View ArticleLatest NY appeals ruling is bad news for BofA in monoline cases
Alison Frankel- Ordinarily, there’s not much reason to get excited about a state intermediate appeals court upholding a procedural ruling by a trial court judge. But in the litigation between bond...
View ArticleAbigail Field: Hiding the Enforcement Fraud At the Heart of the Mortgage...
Abigail C. Field- On Thursday, April 5th U.S. District Court Judge Rosemary M. Collyer announced she had decided to sign off on the ”$25 billion” Mortgage Settlement. By “announced”, I mean she signed...
View ArticleNY pushes objection to BofA $8.5 billion mortgage pact
Reuters- Bank of America Corp’s proposed $8.5 billion mortgage bond settlement received fresh opposition on Tuesday from New York’s attorney general, who said the accord appears unfair to investors who...
View ArticleAlison Frankel: NY AG’s curious new bid to intervene in $8.5 bl BofA MBS deal
Reuters Legal- New York Attorney General Eric Schneiderman still wants a say in whether Bank of America’s proposed $8.5 billion settlement with Countrywide mortgage-backed securities investors should...
View ArticleIsraeli Bank Hapoalim sues Bank of America, Merrill Lynch and Countrywide for...
Haaretz- Bank Hapoalim has filed a massive $720 million suit against Bank of America, Merrill Lynch and Countrywide over its losses in the U.S. subprime crisis, alleging that the U.S. institutions...
View ArticleObama’s mortgage unit is AWOL … NY AG Eric Schneiderman should quit this fraud
What we have learned so far: Whenever dealing with the banks and or with the government, they are from the same mold. We cannot tell any difference. This “mortgage task force group” thing is also NO...
View ArticleRichard (RJ) Eskow: The White House And Mortgage Fraud: So Far It’s All Talk,...
HuffPO- The Obama Administration worked for months on a deal that would have let America’s biggest banks off the hook for a crime wave of runaway mortgage fraud. All they had to do in return was pledge...
View ArticleThe Bankers’ Subversion of the Rule of Law, Notary and Land Records edition
Abigail C. Filed- Hi For the next couple of weeks, I’m one of the David Dayen subs at FireDogLake–no one person could fill his shoes–and this post ran there earlier today. This version is slightly...
View ArticleAbigail C. Field: Assessing Schneiderman’s Task Force Gamble
Abigail Field- My latest for FireDogLake. For even more confirmation that the Feds aren’t interested in bank accountability, regardless of the State half of the task force’s intentions, see Congressman...
View ArticleAlison Frankel: How BofA could lose big if it wins MBIA regulatory challenge
Alison Frankel’s On The Case- I’ve spent a lot of time talking about what I consider Bank of America’s risky gamesmanship in its multi-pronged litigation with the bond insurer MBIA, but it may be that...
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