Bankers
-
654Rewind: 2008 Financial Crisis. The Unlawful Homeowner Eviction at 3am and at Gunpoint
Christine Frazer described the raid, saying in the days since the eviction she and her family, including her 85-year-old mother, daughter and...
-
7671MDB Sue Deutsche Bank While DOJ Quietly Stands Down from it’s Lawsuit Against the German-American Bank of Wall St
The state-owned investment fund 1MDB is suing companies including JPMorgan Chase & Co. and Deutsche Bank AG who helped 1MDB raise more...
-
1.4KJudge Edith Jones Avers Judge Lynn Hughes Did Not Ridicule the Complainants or Their Claims in Any Way.
LIT has seen Judge Lynn Hughes reversed twice at the Court of Appeals for the Fifth Circuit in early 2021 and also...
-
1.1KUS Courts Blame Homeowners for the 2008 Foreclosure Crisis. No Mention of Bank Greed.
This bias article examines foreclosure case activities in U.S. district courts during the Great Recession and the subsequent recovery period.
-
1.5KFitch Ratings Claim PHH Acquired RFC’s Master Servicing Rights in 2013
While technically true due to the recent acquisition and merger of Ocwen Loan Servicing and PHH Mortgage, it was OLS who purchased...
-
2.0K1Hank Greenberg of GT Law and Chief Judge Janet DiFiore’s Friendship Influences Foreclosure Cases
Greenberg, a former State Bar Association president, is counsel to the state’s Commission on Judicial Nomination, which screens Court of Appeals finalists....
-
1.1K$9 Billion in Toxic Loans and Counting
RFC reached settlements totaling approximately $9 billion, with the RMBS Trusts and several of the Monoline Insurers re packaged Toxic Loans.
-
972When Former Bear Stearns Bankers Suggest You Sell….
Bear Stearns was an investment bank located in New York City that collapsed during the subprime mortgage crisis in 2008.
-
641The Bankers Crap Table: Derivatives
The idea that one man, Bill Hwang, could quietly amass outsized positions through the use of derivatives should set off alarm bells...
-
1.0KHave You Heard About The Non-Judicial Foreclosure Debt Collection Clarification Act?
The Non-Judicial Foreclosure Debt Collection Clarification Act would make any business involved in non-judicial foreclosure a debt collector.
-
1.2KRelying on the Words of Judge Willett and joined by Judge Elrod, the Citizens Take Action…
We urge litigants and our judicial colleagues to zealously guard the public’s right of access to judicial records—their judicial records—so "that justice...
-
1.0KDallas-Based Mortgage Servicer Withdraws Wads of Cash In Unauthorized Payments from Unsuspecting Homeowners Bank Accounts
Mr. Cooper announced that due to a payment processing issue, unauthorized mortgage payments were taken from 14,000 plus borrowers’ accounts.
-
1.7KHedge Fund Owner Roared Away with Investors Money While Playing Motorsports Benefactor
Andrew Franzone was charged with defrauding investors of almost $40 million, and a good part went towards funding his extravagant lifestyle.
-
1.3KWhen Did Ocwen Ditch Altisource’s Proprietary Software RealServicing for Black Knight’s Rebranded LPS Software?
The final phase of the company’s loan transfer process involved migrating from REALServicing to the Black Knight LoanSphere MSP platform.
-
2.5KOcwen’s Acquisition of PHH Mortgage a Year Later is An Ugly Mess for CEO Glen Messina
Ocwen is unprofitable and has an ugly balance sheet is now operating in an unfavorable industry environment. Ocwen PHH is debt laden.
-
1.1KPHH Ocwen Celebrate Kickin’ CFPB to the Curb With Gallon-Sized Texas Purchase
Ocwen PHH purchase the mortgage servicing rights of one of the largest warehouse lenders in the nation, Texas Capital Bank.
-
1.3KPro Se Filers Face Capricious Clerks and Ambiguous Local Rules At the Federal Fifth Circuit
Pro se’s are being held to a higher standard than the laws and rules require and/or not being applied in a consistent...
-
1.5KBillups v. Deutsche Bank National Trust Co. and PHH Mortgage Corp., N.D. Illinois
Billups v. Deutsche Bank National Trust Co. and PHH Mortgage Corp., N.D. Illinois (1:19-cv-05891) District Court, N.D. Illinois
