mortgage crisis Tag

eric-elegado

Real estate couple gets jail time for massi...

Mar 28, 20142 Comments3809 Views

(Business News) When a well known Realtor and his loan officer wife get rich off of $50 million in falsified loans and wash profits through shell companies, judges aren't very sympathetic.

mortgage

Mortgage application volume falls slightly

Oct 23, 2013No Comments498 Views

Although the average contract interest rate fell for many types of loans, mortgage application volume fell - the MBA points out that Columbus Day may have had an impact on the data.

bank-of-america

Bank of America employee accused of taking ...

Oct 19, 2013No Comments840 Views

One Bank of America employee has been charged with a scheme that put over $1 million in his pocket.

foreclosures

Foreclosure mills run rampant, justice may ...

Aug 29, 2013No Comments641 Views

If you follow the money at several major foreclosure mill firms, the abuses being discovered at various levels are astounding. One state is investigating, will others follow?

eric holder

DOJ revises web transcript of 2012 Eric Hol...

Aug 19, 2013No Comments362 Views

When it was discovered that Eric Holder misstated facts about the Mortgage Fraud Task Force, the DOJ initially issued a press release to correct the record, but has now made the situation worse by editing the original

whale

JPMorgan staff that allegedly hid $6B in lo...

Aug 12, 2013No Comments391 Views

Two arrests are finally set to be made in JPMorgan's "London Whale" case wherein the bank allegedly covered up $6B in losses - will more arrests follow?

eric holder

Eric Holder misled Americans about mortgage...

Aug 12, 20135 Comments1654 Views

Eric Holder has overstated facts about the mortgage fraud task force formed to seek out and punish wrongdoing, raising additional questions about the crisis.

california texas

City invoking eminent domain on underwater ...

Jul 30, 20132 Comments571 Views

Local governments in California are known to launch experiments, but invoking eminent domain on underwater mortgages is raising questions and eyebrows across the nation.

bank-of-america

BoA sued for lying, denying applications fo...

Jun 19, 20133 Comments676 Views

Former Bank of America staff members are coming forward, alleging bank policies that forced employees to lie to homeowners and in some cases, illegally foreclose.

questions

Wells Fargo foreclosing on home for overpay...

May 16, 20133 Comments797 Views

Wells Fargo has taken a harsh tone in the case of a homeowner who sent in too much money one month in an effort to get ahead during the trial period of his loan modification.

foreclosures

Court rules that MERS meets definition of b...

Apr 26, 20131 Comment841 Views

MERS, once blamed for the entire housing crash, is now being affirmed by judges - could more courts and more states rule in favor of MERS as the tides turn?

foreclosure home

Court affirms MERS role in chain of title i...

Apr 15, 2013No Comments849 Views

MERS, once blamed for the entire housing crash, is now being affirmed by judges - could more courts and more states rule in favor of MERS as the tides turn?