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The largest mortgage banks in the US, and the electronic mortgage registration system's owner and operator, are named in a lawsuit alleging fraud over foreclosure procedures. There could also be criminal fraud actions in contemplation. This case also ...
Started by Schneibster on
, 25 posts
by 5 people.
Answer Snippets (Read the full thread at secularcafe):
I'm having a hard time feeling sorry for the banks... .
All that said, there should not be tolerance of fraud.
If you are not making your mortgage payment, obviously someone has a right to foreclose.
To be able to clear in order to function.
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Can a person who was a victim of mortgage fraud & eventually ended up half losing their house/half walking away from it,get another mortgage? Credit score is 558!If they can get another mortgage how long would they have to wait?
Started by Kathie R.johns on
, 5 posts
by 5 people.
Answer Snippets (Read the full thread at trulia):
The best advice., He is a very knowledgeable mortgage....
No, 620- 640 is the minimum score to obtain a mortgage; however, if you have someone willing to co-sign should be from a Mortgage Representative that you are planning to work with.
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Quote: : Landmark settlement announced on foreclosure, mortgage fraud
By Brady Dennis and Sari Horwitz, Updated: Thursday, February 9, 12:10 PM
State and federal officials on Thursday announced a settlement of more than $25 billion with five of the nations...
Started by garamet on
, 11 posts
by 8 people.
Answer Snippets (Read the full thread at wordforge):
Don't get me wrong, the banks' behaviours have been completely unacceptable... .
They sure as shit ain't gonna pay anything out of their bottom line .
Twenty five billion that will of course be immediately and directly passed along to the customers of those banks .
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Ask your Facebook Friends
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Just in.
Quote: : National Mortgage Settlement: States, Big Banks Reach $25 Billion Deal
The U.S. government announced Thursday a $25 billion settlement with five of the nation's largest banks over charges of systemic and widespread mortgage fraud , ...
Started by Qtec on
, 5 posts
by 3 people.
Answer Snippets (Read the full thread at billiardsdigest):
Q And they are only paying with gov....
Stop trying to be smart, its not working.
Got something to say, say it.
What was the underlying problem? Do you know that your resemble a 4 year old in the car saying, "what's that, what's that, what's that
BORING .
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Three big banks were hit on Friday with yet another lawsuit related to wrongful foreclosures. Democratic New York Attorney General Eric Schneiderman filed suit against Bank of America, JP Morgan Chase and Wells Fargo for deceptive and fraudulent use of...
Started by Me. on
, 5 posts
by 3 people.
Answer Snippets (Read the full thread at democraticunderground):
With an imminent foreclosure fraud settlement, Eric Schneiderman, the Attorney General of New York and a co-chair of the federal task force looking into the residential mortgage-backed securities market, sued three banks charging that the....
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(Reuters) - Citigroup Inc has agreed to pay $158.3 million to settle U.S. civil claims that it defrauded the government into insuring thousands of risky home loans made by its CitiMortgage unit.
Wednesday's settlement resolves claims under the federal...
Started by kbit on
, 4 posts
by 3 people.
Answer Snippets (Read the full thread at bigmiketrading):
I would llike to see the day when they fine .
For outright fraud or some kind of illicit activity.
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New Indictments Mortgage Fraud The top federal prosecutor in Manhattan, Preet Bharara, announced some big mortgage fraud charges in New York on Wednesday, accusing three former high-level employees of Credit Suisse with jacking up the book value of bundled...
Started by Prudence on
, 9 posts
by 3 people.
Answer Snippets (Read the full thread at politicsandcurrentaffairs):
I got really excited when I read this article.
Thank you.
Thanks much.
On the outside, it's shake, bad guys, shake!" Originally Posted by Cornstalk Excellent stuff as usual, Pru .
"On the inside, I'm a poet.
Thanks much.
Excellent stuff as usual, Pru.
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N 2008 the gov't coerced the Accounting Standards Board into changing the accounting rules thereby saving hundreds of companies from bankruptcy. In 2009 the IRS waived the recognition of income [and subsequent 1099] with forgiven debt. And now, the gov...
Started by alicepop on
, 4 posts
by 3 people.
Answer Snippets (Read the full thread at redfin):
The Mortgage Forgiveness Debt Relief Act of 2007 generally allows taxpayers to exclude income from the discharge of debt on their principal....
If this is not fraud I don't know post.
Still has billions is bad loans but has not written them off .
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On Mon, 16 Mar 2009 14:12:37 -0700, Al <al@home.usa
Bull, I'm sure that the amount of mortgage fraud
during the bubble days of 2000-06 was MUCH
greater. It's just that nobody was paying
attention or reporting it then.
=========
Mortgage fraud...
Started by Al on
, 7 posts
by 5 people.
Answer Snippets (Read the full thread at omgili):
On Mon, 16 Mar 2009 14:57:28 -0700, pyotr filipivich <phamp@mindspring.com
I missed the Staff Meeting but the Minutes record that Al
<al@home.usamisc.survivalism:
Or it could be, that with fewer loan originations, there are more
people to ... .
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On Thu, 19 Jun 2008 16:49:48 -0300, John Manning <jrobertm@terra.com.br
BEHOLD, THE FRUITS OF DEREGULATION
FBI arrests 406 for mortgage fraud
"Our free market was never meant to be a free license to take whatever
you can get, however you ...
Started by John Manning on
, 4 posts
by 2 people.
Answer Snippets (Read the full thread at omgili):
On Fri, 20 Jun 2008 04:51:25 -0700 (PDT), Raleigh <graleigh345@cs.com
On Jun 19, 2:49 pm, John Manning <jrobe...@terra.com.br
John, one could use this same data to argue that the public education
systems rejection of Christian morals is responsible... .
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