All posts tagged "failed banks"
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836Appellate CircuitThat German Bank and the Skulduggery of Deutsche Bank National Trust Company
Deutsche Bank National Trust Company was an unsecured creditor when the banks failed in 2008. Now it's a fraudulent vehicle for the...
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4.6KEditors ChoiceTexas Bank Manager Admits to $11M Theft, So Where’s the Other $16M Gone? (FDIC Paid $27M in Losses)
Bank Managers are Stealing Millions of Dollars and Receiving Light Jail Sentences compared to Citizens Involved in Theft Sums for Small Amounts....
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1.9KMortgage ServicersMr Cooper Divorces from Beaverton, Oregon at a cost of 1,600 promised Jobs and Nearly a Million Dollars in Subsidies
Mr Cooper, a Texas based loan servicing company that once promised more than 1,600 Oregon jobs in exchange for a $900,000 public...
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2.3KEditors Choice
Texas Bank Goes Up In Flames in Very Suspicious Circumstances And Now its All Gone Eerily Quiet from the Investigative Agencies and Banking Regulators
In the first three months of 2019, the bank reported more than $10 million in loans to finance farming, according to the...
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2.6KAccelerationTexas Appellate Courts are Not Following the Rule of Law on Standing in Foreclosure Judgments. Banks Who Lack Standing are Being Allowed to Foreclose With the Courts Complicit in Deception and Fraud
These were all cases where the foreclosure was sought by a bank that was not the original lender. In the vast majority...
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1.8KEditors ChoiceTexas Bank Goes Up In Flames Around Accusations of Paper Burning and Fraud, Resulting in a $27M loss for the FDIC and it’s First Bank Closure since 2017
Regulators had to close the bank due to insider abuse and fraud by former officers, Texas Banking Commissioner Charles Cooper said in...
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2.3KEditors Choice556 Banks Have Failed per the FDIC website, 529 (or 95%) of those Bank Failures Occurring Since 2008, the Year of the Great Recession.
The FDIC is often appointed as receiver for failed banks. This page contains useful information for the customers and vendors of these...
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1.4KMortgage ServicersOneWest 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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1.9KMortgage Servicers
Nationstar (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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1.4KMortgage ServicersMetLife 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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1.7KMortgage ServicersColonial 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...
