Posts tagged securitization

Foreclosure Settlement Shuts Down Reviews: Banks Will Continue Business As Usual

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By Francine • Jan 13th, 2013 • Category: Pure Content, Regulators, Laws, Standards,Regulations, The Big 4 And Consulting 

I wrote last week in Forbes about the settlement of the OCC/Fed consent orders that mandated foreclosure reviews by More >

Foreclosure mill head faces Florida Bar discipline

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by Kim Miller

The owner of the Fort Lauderdale-based Law Offices of Marshall C. Watson has agreed to plead guilty to offenses found during a Florida Bar investigation in what is believed to be the first disciplinary action taken by the regulatory More >

Obama Housing Plans vs Reality

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by Cora Currier ProPublica, Feb. 14, 2012, 2:36 p.m.

The Obama administration recently unveiled a string of proposals to help struggling homeowners and get the housing market back on its feet — part of the administration’s “We Can’t Wait” election More >

Michigan AG asked not to sign on to foreclosure fraud deal with feds

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January 31st, 2012 2:48 pm by Todd Heywood

Ingham County Register of Deeds Curtis Hertel, Jr., sent a letter to Michigan Attorney General Bill Schuette on Tuesday asking him not to sign on to a rumored foreclosure fraud deal brokered by the U.S. More >

MERS Settles, Avoiding Class Action Foreclosure Fee Lawsuit

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An 11th-hour settlement is expected to stave off potential class action status in a lawsuit that claims foreclosed borrowers were overcharged for attorneys’ fees that the Mortgage Electronic Registration Systems Inc. did not actually incur.

The More >

OCC Chief Counsel Testifies on Efforts to Correct Foreclosure Deficiencies

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TESTIMONY OF JULIE L. WILLIAMS  FIRST SENIOR DEPUTY COMPTROLLER AND CHIEF COUNSEL OFFICE OF THE COMPTROLLER OF THE CURRENCY Before the SUBCOMMITTEE ON HOUSING, TRANSPORTATION, AND COMMUNITY DEVELOPMENT  Of the  COMMITTEE ON BANKING, HOUSING, AND More >

False Statements

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False Statements Action Date: June 27, 2011 Location: San Diego, CA

California Bankruptcy Judge Laura Stuart Taylor has joined the ranks of judges who will not tolerate fraudulent documents produced by banks to foreclose. Judge Taylor entered an More >

New York AG Looks to Link Financial Crisis and Mortgage Securities

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05/17/2011 By: Carrie Bay

Industry analysts, economists, even lawmakers generally concede that the pooling of risky subprime mortgages into secondary market securities served to fuel the economic collapse that almost brought the nation’s financial More >

Banks float $5 billion deal to settle foreclosure probe: report

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(Reuters) – Major banks are willing to pay as much as $5 billion to settle claims by federal and state officials of improper mortgage foreclosure practices, the Wall Street Journal reported, citing people familiar with the situation.

The banks’ More >

I-Team: The Secret Truth About Foreclosures

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86-year old Collis McDuffie chokes back tears when he thinks about losing the home that he bought back in 1963, to foreclosure.

“When you go through what I’m going through. Lord have mercy,”  McDuffie said, as he questioned his future.

“At my age, More >

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