News
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2.9KNew Residential (NRZ) and that OCWEN Connection
New Residential has a different focus compared to most mREITs, as it invests a large amount of its money into MSRs and...
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1.7KTrumps’ Cabinet in 2020 and How They Plan to Make Recession Great Again (for Wall Street Bankers)
LIT Editor's Comment: If this passes, it is a Disaster for Democracy. Securitization is for making the bankers and the rich, more...
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2.0KIt’s Tough Sh** We Actually “Blew Up Your House” (Don’t Call 911)
Under no circumstances in this country should the government be able to blow up your house and make family homeless says lawyers....
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3.4KDeutsche Bankers Get 6 Months “Home Confinement” in Another “Too Big to Jail” Court Case. A German Bank Controlling Your American Lives and the Public “Sleep On”
Matthew Connolly, who once led Deutsche Bank’s pool trading desk in New York, was sentenced by U.S. District Judge Colleen McMahon in...
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4.3KWilliam Erbey of Ocwen Altisource Attacks PIMCO and Blackrock (Who Happen to Be a Major Shareholder in Ocwen Stock)
BlackRock said: The suit is really a misconceived attempt at reputation recovery by William Erbey [who is] the disgraced founder and former...
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1.8KIt’s Taken Too Long for the Government and The People to See that Trump’s Cabinet is Full of Corrupt Bankers. Is the Wake-Up Call to Little too Late?
More generally: do you (Steve Mnuchin) see your job as protecting the interests of the entirety of the American people or a...
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2.4K1While the General Public is Ignorantly Unaware and Uneducated, the Wolves of Wall Street Are Blatantly Making A Killing at Their Expense
The Federal Reserve was the first to suggest that private equity firms were the one group with cash on hand to invest...
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2.5K3Supreme Court of Texas Releases New Opinion Where it Clarifies When [Federal] Judges Can and Have an Ethical Obligation to Testify in Court
The ethics rules for federal judges thus affirmatively encourage the reporting of attorney misconduct and the providing of testimony in disciplinary proceedings.
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2.4KIf You’re Looking for Honest Judge[s] and an Attorney General that is Consumer Focused, Maine has Our Vote in 2019 #AuditTexas #OCWEN
The Bureau finds that OCWEN Loan Servicing [OLS] had no authority to execute documents as an Attorney in Fact for legal entities...
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3.0K1Deutsche Bank Walked Away from its $7.2 Billion Dollar Homeowner Restitution Agreement with the DOJ and Nobody Blinked an Eye
‘Deutsche’s conduct was among the worst'; On the eve of the financial crisis, Deutsche Bank was the world’s third-largest issuer of residential...
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2.3KThe Real Reason Why the CFPB is Being Dismantled is Political. To Make It Easier For Financial Services Companies, Banks and Non-Banks to Rip Off American Consumers
A report out this week from the watchdog group Allied Progress showing more than half the members appointed to a separate 12-person...
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1.8KDeutsche Bank and Donald Trump; It’s A Very Personal Relationship
Like many of Deutsche Bank’s dealings with Trump, that loan remains shrouded in mystery; it’s unclear how much of the balance on...
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2.2KDonald Trump Said He Wants to Surround Himself with Goldman Sachs Bankers. He Did. This is How “Honest” They Are.
Bryan Cohen, a Goldman Sachs Vice President, leaked nonpublic information for almost three years in exchange for cash as part of an...
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5.9KJudge in New York Class Action Asks Counsel to Prove “Plan Assets” in RMBS Suit Naming Ocwen as Liable Mortgage Servicer
The first amended complaint also asserts that Ocwen exercised sweeping, unchecked control of the management and disposition of securitized mortgages, and was...
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5.8KOcwen’s Ousted Founder William Erbey Leaves Atlanta for St Croix, Gets Ocwen to Buy His Mansion and Buys a Maltese Passport for a Premium Fee of $725,000. An Ethical Kinda Billionaire.
Ocwen paid Erbey a $500,000 salary and a $1.4 million incentive last year, but his real wealth lies in his large stakes...
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4.0K3Alter Ego Altisource Rebrands [a Group of Ocwen Companies] to Create More Smoke and Mirrors and Illegally Earn Founder William Erbey Billions off Homeowners in USA
Ocwen and Altisource try Rebranding to Deflect from a Decade of Financial and Regulatory Abuse in the lucrative Eviction of US Citizens...
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2.4KUS Bank Sues Bank of America for Defective Mortgage Loans A Decade After the Financial Crisis
The complaint also alleges that First Franklin knew the loans were defective when the trust was formed. U.S. Bank is seeking compensation...
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2.0KFifth Circuit Judge Willett Opines: Twitter is a Cesspool and an Aggregator of Trollery and Vitriol but I Leveraged it to Get to Where I am Today.
Willett: As a state judge campaigning for office, it was political malpractice not to leverage social media smartly. I loved demystifying &...
