News
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2.4KThe Truth About Political Intervention for Citizens and Consumers: There is None: You’re on Your Own
During the run-up of the housing bubble, banks acquired thousands of subprime mortgages and turned them into securities. They created trusts as...
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4.1KIf you’re looking for a List of Licensed Mortgage Servicers, Illinois is Great, Texas – Not so Much
The Department of Savings and Mortgage Lending is an agency of the State of Texas and is subject to the oversight and...
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1.5KPer Curiam Opinions at the Fifth Circuit in Foreclosure Cases is on the rise in 2019
For the reasons stated above, the district court’s grant of summary judgment is AFFIRMED.
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2.1KOcwen CEO Ron Faris steps down, with former PHH CEO Glen Messina appointment confirmed
In a damage-limitations move, the government approved 'subprime sub-servicer' Ocwen has ditched Faris as CEO to limit the damages in any further...
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2.4KIt’s Crear the Fifth Circuit will not Liberally Construe any Pro Se Arguments in Foreclosure Cases
Homeowner Crear sued his lender and its loan servicer to prevent them from foreclosing on his property. Motion denied in favor of...
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1.3KNo Reyes of Hope as Fifth Circuit Manipulates Numbers to Ignore It’s Own Precedent FDCPA Case Law
Before recording a privilege, (aka, start foreclosure proceedings) Steeg Law’s practice is to transmit lien letters to unit owners. These letters relate...
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1.6K6The Toxic Billion Dollar Goldman Sachs Bond Deal that the SEC Ignored as Government is Full of Ex Sachs Executives
MARY SCHAPIRO, FORMER CHAIRMAN OF THE SECURITIES AND EXCHANGE COMMISSION, SAYS ENFORCEMENT DIRECTOR ROBERT KHUZAMI KILLED THE GOLDMAN MORTGAGE CASE BEFORE IT...
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2.5K1Editors Choice: Mick Mulvaney, Chief of “Shaft” and Private REI, Forecloses on Own Development to Avoid $1.4 Million Debt
Mick Mulvaney, the acting White House chief of staff, is facing accusations over his role in a failed real estate deal near...
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1.7KFDIC as Receiver after the 2008 Financial Crisis – The Quietly Settled Deutsche Bank Legal Court Cases
Since the mortgage meltdown, the FDIC has opted to settle cases while helping banks avoid bad press, rather than trumpeting punitive actions...
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3.4KTexas “Consumer” Attorney Behind “Squatter Rights” Lawsuits to Stop Foreclosure
Senior U.S. District Judge Harry Lee Hudspeth found two of DTND’s lawsuits to be frivolous and filed in bad faith for the...
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2.1K1Editors Choice: Steve Mnuchin Flaunts Relationship with Ex Con Milken; a “Junk Bond” Fraudster
The appearance of a Treasury secretary sitting on a private plane belonging to someone who is convicted of a felony securities fraud,...
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1.1KCFPB Constitutionality is an Ongoing Debate that Should Be Decided by US Supreme Court
The pendency of three cases in circuit courts challenging the CFPB’s constitutionality has given rise to speculation as to whether the CFPB...
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1.3KDeutsche Bank Forcible Detainer Action Affirmed at Fifth Circuit in Dallas, Texas
We must reject Smith’s arguments that are based upon her allegation that she did not receive notice of the foreclosure sale. She...
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2.2K1The Fifth Circuit’s Favorite 3-Panel Foreclosure Panel Names Mortgage Servicer as “the Bank”
First, it assumes that the acceleration notice was for only the original loan amount. But the deed of trust granted the Bank...
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3.7KFDIC Bank Financial Crisis Settlements: Professional Liability Settlement Agreements by State since 2008
The FDIC brings actions against professionals who have acted negligently and contributed to the failure of an insured institution. These suits maximize...
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2.5KTop 100 Banks in the USA : as Goldman Sachs Moves into the Golden Circle – a Top 5 Position
With the Top 5 Banks owning appx. 50% of the industry assets, Goldman Sachs enters the Golden Circle Just look at Government...
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1.7KFifth Circuit Court Opinion on Judicial Misconduct: Don’t Do Your Job When It Involves Judicial Misconduct, Turn a Blind Eye
The Fifth Circuit panel ruled — go read it if you don’t believe me — that Anderson had no case for retaliation...
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1.3KDeutsche Bank Control the Foreclosure Docket at the Fifth Circuit in January 2019
LOAN MODIFICATION: The Criswells therefore failed to accept that offer in strict compliance with its terms as well. Accordingly, neither agreement constituted...
