Mortgage Servicers
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1.8KRewind: 2008 Financial Crisis: Indymac Bank
At the time its July 11, 2008 closure, IndyMac had assets of about $32 billion, making its failure the fifth largest bank...
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1.4KRewind: 2008 Financial Crisis. The Largest Financial Swindling of Citizens in American History
Victims of wrongful foreclosures find justice absent as the banks perpetuating the crimes against them remain too big to be held accountable.
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754Rewind: 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...
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1.3KUS 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.
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1.2K$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.
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1.2KWhen 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.
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1.2KHave 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.
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1.4KRelying 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...
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1.2KDallas-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.
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1.6KPost Selia Law, How’s the CFPB Cases Going?
Latest on CashCall, Inc: They are to pay more than $134 million in legal restitution. Compare that to the other 3 CFPB...
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1.5KWhen 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.
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2.9KOcwen’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.
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1.2KPHH 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.
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1.5KPro 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...
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1.2KPHH Tries To Vacuum Up Hoover’s Residence in a Void Foreclosure Sale but Judge Heston Cleans Up Their Fraudulent Behavior.
The Court concludes that the Property foreclosure sale, Deed transfer and recordation violated the automatic stay and are therefore void.
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1.8KBillups 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
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1.2KThe Dunns Are So Done with PHH’s Dunning Scheme
The Duns have pled a plausible claim that PHH Mortgage failed to provide an accurate payoff statement, e.g. omitting the insurance proceeds.
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1.8KIn Re Martin Dekom, “On Behalf of the Little People” – You’re Screwed
Dekom’s claim that defendants violated RESPA’s requirement that loan servicers respond to written inquiries about mortgages and foreclosures fails because lawyers ain't...
