Clik here to view.
Foreclosure probe launched in 50 states
Home mortgages Newscast Media WASHINGTON — A joint investigation has been launched by officials in 50 states and the District of Columbia into allegations that mortgage companies mishandled documents...
View ArticleClik here to view.
Investors sue Countrywide for widespread fraud
Countrywide home loans Newscast Media NEW YORK –Countrywide, which is Bank of America Corp’s mortgage unit has been sued by investors claiming they were victimized in a “massive fraud” when they bought...
View ArticleClik here to view.
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...
View ArticleClik here to view.
How to find out if your mortgage loan was securitized by the banks
Securitized loans Newscast Media HOUSTON, Texas — I get asked a lot of questions regarding the securitization process, especially how a homeowner can find out if his or her loan was sold into a pool of...
View ArticleClik here to view.
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...
View ArticleClik here to view.
FOX News’ Bill O’Reilly: The Occupy movement is bogus
Watch the latest video at video.foxnews.com Newscast Media, NEW YORK, New York — FOX News host Bill O’Reilly said the Occupy Wall Street movement is bogus because the actors and participants are...
View ArticleClik here to view.
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...
View ArticleClik here to view.
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...
View ArticleClik here to view.
SEC Charges Former Credit Suisse Investment Bankers in Subprime Bond Pricing...
SEC Newscast Media WASHINGTON, D.C. — The Securities and Exchange Commission today charged four former veteran investment bankers and traders at Credit Suisse Group for engaging in a complex scheme to...
View ArticleClik here to view.
Judge orders CEO to pay $10 million penalty for mortgage fraud
Newscast Media WASHINGTON D.C. — The Securities and Exchange Commission today announced that a federal judge has ordered the former CEO of Brookstreet Securities Corp. to pay a maximum $10 million...
View ArticleClik here to view.
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...
View ArticleClik here to view.
SEC halts $100 million fraudulent real estate based Ponzi scheme
Mortgage-backed-security Newscast Media WASHINGTON, D.C. — The Securities and Exchange Commission obtained a temporary restraining order and asset freeze against a Utah man and company charged with...
View ArticleClik here to view.
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...
View ArticleClik here to view.
SEC charges execute with mortgage-backed securities fraud
Securities and Exchange Commission Newscast Media WASHINGTON, D.C.—The Securities and Exchange Commission charged a former executive at New York-based broker-dealer Jefferies & Co. with defrauding...
View ArticleClik here to view.
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...
View ArticleClik here to view.
Goldman Sachs employee found guilty of mortgage fraud
Justice Newscast Media NEW YORK—A Goldman Sachs banker has been found liable for fraud in a failed investment scheme that faltered over failed subprime mortgage loans. The verdict could open the door...
View ArticleClik here to view.
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...
View ArticleClik here to view.
SEC awards whistleblower $14 million for providing relevant information
Currency Newscast Media WASHINGTON—The Securities and Exchange Commission today announced an award of more than $14 million to a whistleblower whose information led to an SEC enforcement action that...
View Article