All posts tagged "toxic loans"
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1.9KAppellate CircuitPredatory 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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960Appellate CircuitDenied Rights? Homeowner Barred from Viewing Own PHH Loan File But US Gov Can Demand Direct Access
Federal law, the RFPA, authorizes US gov to obtain 300 PHH Mortgage loan files without notifying or obtaining the consent of any...
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668AccelerationMega Financial Crisis Settlement for Investors But Zero Compensation for True Victims: The Homeowners
The 2008 Scandal: DOJ admits predatory lending was responsible but settlement provides no restitution for true victims: the homeowners.
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1.8KAccelerationShameful: 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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863Appellate CircuitWhy 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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2.0KAppellate CircuitFormer Texas Lawyer Scott Scher May Have An Ally In Mind Once He Reads This
As the Scher family face foreclosure, could Isaac Nesser, the Quinn Emanuel partner who prevailed in 100 toxic loan cases, aid his...
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1.1KAccelerationLaw 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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1.5KAccelerationPrimary 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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1.6KBankersRewind: 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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1.5KBankersFitch 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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1.1KAcceleration$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.
