Published On: August 19, 2013
The Insidious Virus Circulating Through the Industry’s Blood by Patrick Barnard Short sale fraud and foreclosure fraud continue to grow, impacting mortgage servicers’ bottom lines. Last year, banks lost more than $375 million to short [...]
Published On: August 18, 2013
Judge says Wells Fargo prepared documents with "fraudulent purpose" of inducing borrower to make the payments and with option to later "stiff" borrower. “Heads I win, tails you lose” is a fraudulent coin toss. Wells [...]
Published On: August 18, 2013
Seniors need to be very careful about reverse mortgages, warns the Consumer Financial Protection Bureau. Reverse mortgages not being used the way Congress intended. In the summer of 2012 the Consumer Financial Protection Bureau (CFPB) [...]
Published On: June 4, 2013
NY Attorney General suing HSBC Holdings, PLLC for failure to properly negotiate loan modifications and other foreclosure law violations. “Heads I win, tails you lose” is a fraudulent coin toss. Wells Fargo did no better.” [...]
Published On: May 28, 2013
May 19, 2013: banks have paid less than half the $5.7 billion in the 30 different settlements negotiated by various agencies through the Nation. "Heads I win, tails you lose” is a fraudulent coin toss. [...]
Published On: May 28, 2013
Home Foreclosures Down: the only way to tame price growth to a manageable, healthy pace is higher levels of new home construction. “Heads I win, tails you lose” is a fraudulent coin toss. Wells Fargo [...]
Published On: May 28, 2013
Bank Fraud: Wells Fargo, Bank of America, JP Morgan Chase, Ally Financial and Citigroup to pay $25 billion for fraudulent foreclosure practices which led to the worst economic crisis since the Great Depression. In the [...]
Published On: April 23, 2013
Fannie and Freddie’s Home Affordable Refinance Program, scheduled to expire Dec. 31, would be extended to the end of 2015. “Heads I win, tails you lose” is a fraudulent coin toss. Wells Fargo did no [...]
Published On: June 5, 2012
I’ve been involved in thousands of Arizona trustee sales as a creditor’s attorney. Never proceed with a short sale, deed in lieu of foreclosure, or trustee’s sale (foreclosure) without seeking legal and tax guidance beforehand. Once [...]
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