News
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1.3KEditors Choice: The Big Banks of America Basically Have Control of Congress
Maxine Waters i am undo the damage that Mulvaney has done, she added. The last two years have been very dangerous. I...
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1.2KDeutsche Bank Foreclosure Tossed on Appeal in Favor of Homeowners…But It’s Not a Texas Court Ruling
The notice of default, however, was not issued by Ocwen. Rather, the notice was issued and at least initially maintained by the...
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1.5KOcwen Sending Fraudulently Backdated Letters to Customers (A Class Settlement)
The N.Y. Dept of Financial Services investigated and determined that Ocwen had back-dated certain letters to borrowers. Many of the letters concerned...
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1.3KWe’ll Protect Attorney Immunity no Matter What Negligence Prevailed says Fifth Circuit
Schiff Hardin’s conduct falls squarely within the scope of the firm’s representation of its client. This court is not bound to accept...
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1.2KEditors Choice: Ask Yourself, How and Why are Politicians becoming Millionaires on Government Salaries?
Not all politicians come into office wealthy – but many leave that way. Here are the top 10 winners of the past...
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1.3KEditors Choice: Is Foreclosure Debt Collection? The US Supreme Court to Decide if FDCPA Applies to Foreclosure Mills and Bounty Hunting Attorneys
Were the Supreme Court to want to include attorneys effecting nonjudicial foreclosures under the FDCPA’s definition of debt collectors, it might find...
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1.4KDissenting Justice Alito of the US Supreme Court for the Fifth Circuit and the FDCPA.
FDCPA This case presents the question whether the bona fide error defense in applies to a violation resulting from a debt collector's...
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1.2K1From a Disgraced Politician to Lobbyist : The Tale of Former Rep. Blake Farenthold
We note Representative Farenthold publicly promised to reimburse the U.S. Treasury for $84,000 in funds paid to settle the lawsuit brought against...
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1.5KA Hedge Fund Makes Billions Off Americans’ Underwater Mortgages
Fortunes were made on Wall Street betting against sketchy mortgages before the housing bust a decade ago. In its aftermath, one firm...
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1.6KThe Kansas Shuffle by Deutsche Bank, an early opinion by NY Judge Schack in the Mortgage Robosigning Scandal
A Kansas City Shuffle is when everybody looks right, you go left .. . It's not something people hear about. Falls on...
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1.5KOneWest Bank paid 24 percent of the Loan Book Value to purchase Mortgage Servicing rights of IndyMac after 2008 Bank failure
After IndyMac collapsed in 2008, the receiver/conservator from the FDIC negotiated a sweet deal for Steve Mnuchin to purchase the loan book...
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2.0KNationstar (Texas) is another Mortgage Servicer who Bought Loans after the 2008 Crash Rebrands to Mr Blooper, no Mr Cooper
According to the CFPB, Nationstar’s $1.75 million fine is the largest HMDA civil penalty ever imposed by the CFPB. The size of...
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1.5KMetLife Home Loans LLC is another Lender Based in the Foreclosure Mill Zone of Irving, Texas with a Felonious History
MetLife Home Loans LLC, Successor to MetLife Bank N.A., to Pay $123.5 Million to Resolve Alleged Federal Housing Administration Mortgage Lending Violations
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1.4KDeutsche Bank’s Failed Stress Test is Not a Deficiency but Merely a “Weakness” according to FDIC
The Federal Reserve Board and the Federal Deposit Insurance Corporation on Thursday announced that the resolution plans of four foreign-based banks had...
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1.8KColonial Savings Couldn’t care Sweet FA about Maintaining Flood Insurance for Home Loans
The image above shows that Colonial Savings FA, bought Mortgage Servicing rights from loans after the financial collapse in 2008. It paid...
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1.6KStanding Up for Magistrate Judge Smith, ehem… Mr. Nesbitt
A Good Man, an Honest Man: Stephen W. Smith, Magistrate Judge, Houston, Texas Federal Court, Southern District authored this article: Stanford Law...
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1.4K‘Justice’ is Merriam-Webster’s word of the year
Justice is merriam websters word of the year came soon after President Trump's one-time fixer, Michael Cohen, was sentenced to three years...
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1.7KEditors Choice: From the Trenches, a Lawyers Opinion
WE must take responsibility for our economy and become, first more educated, and secondly, more opinioned clients of financial providers as opposed...
