Wednesday 4th December
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$6 Billion in Reinsurance Kickbacks to the Banks – Un-reported, Un-Acted Upon & Un-believable
Written on 8 Sep, 2011 at 18:17
Citigroup Inc, Wells Fargo & Co, SunTrust Bank Inc. and Countrywide allegedly required reinsurance partnerships on generous terms that violated the Real Estate Settlement Procedures Act, a 1974 law prohibiting abusive home sales practices.... (Continue reading)
When Auditing Foreclosures, the OCC’s Definition of the Word “Thorough” is “Hidden”
Written on 21 May, 2011 at 9:50
The findings of the independent reviews will be... sealed... closed to the public... whatever the independent reviews uncover or determine will remain a well-publicized secret. ... (Continue reading)
I’m So Happy that I Ignored the whole AGs-Investigate-the-Servicers Thing
Written on 9 Mar, 2011 at 11:28
Well, what they're calling the Attorneys General "Term Sheet" is out and to kick it all off, I went with an analysis of the AG's work product written by Joshua Rosner, who is Managing Director at independent research consultancy Graham... (Continue reading)
Federal Regulators to Bring Enforcement Actions Against Banks… May Get Rid of Hot Towels in Washroom
Written on 17 Feb, 2011 at 11:27
You know what... go to hell. How about the servicers offer "enhanced, streamlined modifications to troubled borrowers" just because it's the right thing to do? How about the servicers do it because although they can never come close... (Continue reading)