All posts tagged "residential mortgages"

Predatory Lending: Experts Confirm Lender Loan Application and Mortgage Fraud Paid Millions in Fees

The Greatest Theft of Citizens Homes in American History: This case proves Lender Underwriting Fraud. Citizens Homes Are Still Being Stolen.

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Bounty Hunters

Rosie Coleman versus Deutsche Bank since the 2008 Financial Crisis Arrives in Court in 2023

Represented by The Lane Law Firm since at least 2013, this is a decade-long client relationship. Lane Law is citing to prior...

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Shameful: Billions in Damages to US Gov for 2008 Toxic Loans, Zero for the Real Victims, Homeowners

Residential Capital (RESCAP) was effectively a U.S. Gov backed lender. They wanted damages post 2008 and have spent 13 plus years litigating.

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Deutsche Bank is On the Mat by Origination and Underwriting Mortgage Fraud Expert Steven I. Butler

Seventy five percent of mortgage loans were originated with one or more breaches that substantially increased the credit risk associated with the...

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Why Does RESCAP Receive $1.3 BILLION Dollars in “Liar Loan” Federal Court Wins and the Homeowners Zero?

The Answer; A corrupt judiciary. The elder Burkes mortgage loan is a liar loan yet the Judiciary are determined to steal their...

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Appellate Judges

Federal Court Pilot Scheme for Discovery in Foreclosure Cases Confirms It’s A Division of Wall St.

The discovery protocols are biased in favor of the bank or non-bank and the gag order is in violation of the first...

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CFPB Respond to PHH Ocwen’s Claims

Ocwens' Consent Judgment had two sets of obligations: complying with federal and state law, and complying with the fencing-in provisions.

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Ocwen Respond to CFPB’s Arguments at the Court of Appeals for the Eleventh Circuit

Even under a traditional res judicata approach, Marra appropriately considered the terms of the Consent Judgment. CFPB’s claims are barred.

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CFPB Argue Against Res Judicata at the Court of Appeals for the Eleventh Circuit

Judge Marra's analysis of the res judicata effect of the Consent Judgment using traditional principles shows that method is inappropriate.

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Law Firms Making Millions in Fees from 2008 Predatory Mortgage Loan Cases Denied to Homeowners by Same Courts

Judge Nelson puts PRMI on the hook for just over $22 million altogether, with 75% of that sum being awarded to law...

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Primary Residential Mortgage Inc (PRMI) Submits to $24 Million Dollar Appeal Bond in Financial Crisis Toxic Loans Case

Residential Capital filed lawsuits against 12 lenders that originated poor quality loans that ResCap purchased and securitized, including PRMI.

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Appellate Judges

Lender Application Fraud Prosecuted by DOJ in 2020 But Homeowners Are Still Being Unlawfully Denied Same Claim A Decade Later

FHA paid out millions of dollars of insurance claims on Nutter Home Loans. A multitude of these claims involved false certifications.

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Fitch Ratings Claim PHH Acquired RFC’s Master Servicing Rights in 2013

While technically true due to the recent acquisition and merger of Ocwen Loan Servicing and PHH Mortgage, it was OLS who purchased...

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$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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When 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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Ocwen’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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