How homeowners are fighting back and winning to prevent foreclosure
Newscast Media — Below are guidelines recommended to homeowners facing foreclosure should follow to empower them in order to file a suit against your lender. (i) Look at your Truth in Lending statement...
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Bank of America targeted in new probe by New York Attorney General
Bank of America under fire Newscast Media NEW YORK, New York — In an effort to to get to the the bottom of the questionable foreclosure practices in the mortgage industry, New York Attorney General...
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MERS Deeds of Trust and the enforceability problem they face
The Note and the Deed are inseparable Newscast Media HOUSTON, Texas — One of the most innovative ways banks have avoided paying county clerks fees for transferring titles from one property owner to...
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Former Countrywide employee exposes mortgage fraud on grand scale
Embattled Countrywide facing fraud lawsuits Newscast Media HOUSTON, Texas –Perhaps the most in-depth reporting and investigation on a pattern of fraud at Countrywide Financial Corp., once the nation’s...
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Bank of America, Wells Fargo, Citi, Chase, GMAC and MERS Sued by Attorney...
Bank of America, CITI, GMAC, Wells Fargo and Chase sued Newscast Media BOSTON — Five national banks have been sued in connection with their roles in allegedly pursuing illegal foreclosures on...
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Fannie Mae and Freddie Mac executives charged with securities fraud
SEC charges Fannie Mae and Freddie Mac execs with fraud Newscast Media WASHINGTON D.C. — The Securities and Exchange Commission has charged six former top executives of the Federal National Mortgage...
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Mortgage fraud suit brought by NY Attorney General against MERS, BofA, Chase...
Mortgage fraud Newscast Media NEW YORK — Some of the nation’s largest banks were sued on Friday by New York’s Democratic Attorney General, Eric Schneiderman, for deceit and fraud in using an electronic...
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SEC sues Texas bank for engaging in fraudulent mortgage scheme
SEC Newscast Media WASHINGTON, D.C. —The Securities and Exchange Commission today announced that it charged Franklin Bank Corp.’s former chief executives for their involvement in a fraudulent scheme...
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SEC applies Admin. Procedure as one-two punch to UBS bank fraud
UBS bank Newscast Media WASHINGTON, D.C.—The Securities and Exchange Commission has charged UBS Financial Services Inc. of Puerto Rico and two executives with making misleading statements to investors...
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Bank of America to forgive up to $150,000 of homeowners’ mortgage debt
Bank of America Newscast Media WASHINGTON, D.C.—Whether it is out of fear of being found in violation of the recent settlement with the Justice Department, or out of being genuinely contrite, America’s...
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Part III-Why Obama and agencies like the SEC settle cases
Justice Newscast Media HOUSTON, Texas—Before I conclude this series, I would like to explain what a forensic audit is. A true forensic audit on any property will tell you if the underlying debt...
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Bank of America to pay $11.6 billion settlement to Fannie Mae
Bank of America Newscast Media CHARLOTTE, N.C—Bank of America Corp has announced a settlement deal with Fannie Mae of $11.6 billion for bad mortgages of nearly a decade’s worth of home loans, as a...
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SEC charges lawyer with issuing fraudulent opinion letters
Inside court room Newscast Media WASHINGTON— The Securities and Exchange Commission today charged a California-based lawyer who has been fraudulently churning out baseless legal opinion letters for...
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SEC charges trustees for inaccurate disclosure of investments
Securities and Exchange Commission Newscast Media WASHINGTON—The Securities and Exchange Commission has charged the gatekeepers of a pair of mutual fund trusts with causing untrue or misleading...
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SEC and DOJ charge Bank of America with mortgage and securities fraud
The so-called too big to fail banks Newscast Media CHARLOTTE, N.C—If Bank of America goes down, the rest (CITI, Wells Fargo, Chase, Deutsche Bank etc…) will follow. This is huge! The SEC usually...
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