Posts Tagged ‘HSBC’

OCC Clamps Down on 6 Banks for Noncompliance with 2011 Consent Orders

Written on 17 Jun, 2015 at 23:09

Servicers were cited for failing to respond to borrower requests for loan modifications, not making a good-faith effort to prevent foreclosures and not having systems in place to track progress.... (Continue reading)

FEDS Announce Enforcement Actions Against 14 Servicers, LPS and MERS… Hot Towels in Washrooms Threatened Once Again

Written on 19 Apr, 2011 at 14:41

Still, I'm committed to covering this subject even when doing so means that I have to start drinking at 9:30 in the morning... kidding, I'm just kidding... so, here's the news on the FEDS and their "enforcement actions," and I... (Continue reading)

Tagged with: Ally Financial/GMAC American Idol Aurora Bank bank of america ben bernanke citigroup EverBank FDIC federal banking regulators federal reserve foreclosure defense Foreclosure process governance foreclosures HAMP housing market HSBC Interagency Review of Foreclosure Policies and Practices jpmorgan chase lender processing services loan modifications LPS mandelman matters martin andelman max gardner Max Gardner's Bootcamp MERS MetLife ml-implode mortgage assignments mortgage crisis Mortgage Electronic Registration Systems mortgage servicers O. Max Gardner III OCC Office of the Comptroller of the Currency Office of Thrift Supervision OneWest Bank OTS PNC Financial REST Report robo-signers shame the banks Sovereign Bank state attorneys general SunTrust U.S. Bancorp wells fargo

THE SiGNiNG… Or, Pardon me, Mr. Banker, but your REMIC is showing.

Written on 10 Oct, 2010 at 10:11

So, why didn't the bankers assign the loans to the trusts? I don't know... for sure. But I'm going to go out on a limb here and tell you it's because they wanted to borrow against them, and... (Continue reading)

Tagged with: affidavits alan grayson ally bank april charney assignments assignments to the trusts Attorney General Blumenthal Bair bank fraudulent foreclosures bank of america barney frank bond market Bush Clinton corrine brown countrywide credit markets Fannie Fannie Mae FDIC FDIC Chair Sheila Bair foreclosure freeze foreclosure mills foreclosurefraud.com fraudulent foreclosures Freddie Freddie Mac GMAC GMAC/Ally Bank Grahm Greenspan HAMP House Speaker nancy pelosi HSBC illegal notarizations investors jpmorgan chase judicial foreclosure state Leech loan modifications mandelman matters martin andelman MERS midterm elections missing assignment ml-implode Moody's NACA naked capitalism new century non-judicial foreclosure state O. Max Gardner III OCC Office of the Comptroller of the Currency ohio ag old republic national one west bank pass through certificates PNC Financial President Barack Obama Reagan REMIC trusts robo-signers robosigners Rubin securitization Summers tax reform texas AG Treasury Secretary Tim Geithner US Bank wall street bankers wells fargo bank Yves Smith

House Dems Tell Justice Dept, the Fed, and Comptroller of Currency: “It is time that are held accountable for their practices.”

Written on 6 Oct, 2010 at 23:08

With the election now less than a month away, House Democrats have requested a formal investigation into the highly questionable foreclosure practices by the banks and servicers. According to the Times story, Speaker Pelosi said that "the excuses we... (Continue reading)

Apparently Europeans Handle Bad News Better Than We Do

Written on 26 Jul, 2010 at 17:49

Because, believe it or not, not everyone agrees with our Treasury Secretary, or our President for that matter, when they say that our economy is "on track". In fact, many think that quite the opposite is the case, and... (Continue reading)

Every Time a Judge Cancels a Mortgage a Homeowner Gets His or Her Wings

Written on 26 May, 2010 at 2:45

Judge Bailey also reprimanded Huffman: "Some day, this foreclosure crisis is going to be over, and you need to decide what kind of lawyer you are going to be. Because at the end of the day, you are responsible... (Continue reading)