Posts Tagged ‘illegal foreclosures’

Wells Fargo Bank and Patricia Martin Part 2 – A Bank that Cannot Be Trusted

Written on 22 Feb, 2012 at 1:17

The bottom-line is, as anyone should be able to clearly see... Patricia Martin should NOT have lost her home and Wells Fargo SHOULD help her get it back with a modified payment so she can continue to live in the... (Continue reading)

FDIC Chair Sheila Bair Warns Senate Committee about “Millions of Infected Foreclosures”

Written on 14 May, 2011 at 1:17

Well, perhaps it's because Sheila is now a short-timer and will be retiring from her post at the FDIC this July, that she is now feeling a little more comfortable telling the truth, even if that means disagreeing with Walsh... (Continue reading)

Tagged with: alan zibel bank of america Comptroller of the Currency consent orders economy empty trusts Fannie Mae FDIC Chair Sheila Bair Federal Home Loan Bank of Boston Federal Reserve Chairman Ben Bernanke Freddie Mac GMAC GMAC/Ally Bank illegal foreclosures Indymac bank investor lawsuits investors suing banks John Walsh JPMorgan Chase & Co. loan modification fraud loan modifications mandelman mandelman matters martin andelman mortgage crisis mortgage refinancing mortgage servicers OCC OTS recession REMIC robo-signers securitization Senate Banking Committee Treasury Secretary Timothy Geithner unemployment unenforceable mortgages Wall Street Journal wells fargo bank WSJ

Howie Hubler’s Loan Value Group… Proof That Wall Street Has No Idea What’s Happening on Main Street

Written on 1 Nov, 2010 at 9:13

Want to know who Howie Hubler is? Did you read Michael Lewis' book, "The Big Short," because if you did, you might remember Lewis mentioning a bond trader at Morgan Stanley that lost the investment bank $9 BILLION... more... (Continue reading)

Tagged with: 60 minutes bank of america bond market Fed Chairman Ben Bernanke foreclosure crisis GAAP Accounting GMAC HAMP howie hubler illegal foreclosures John Mack jpmorgan chase lloyd blankfein loan modifications loan value group mark to market michael lewis morgan stanley mortgage refinancing NACA one west bank Plan offers hedge on strategic default PRA principal reductions rachel maddow responsible homeowner reward robo-signers steve kroft strategic default sub-prime loans TARP the big short Treasury Secretary Tim Geithner underwater mortgages wall street investors Wall Street Journal wells fargo bank WSJ

Alright Banker-People… That’s Enough. You’re Not Making Sense and You’re Making Me Dizzy

Written on 12 Oct, 2010 at 8:36

You don't think so? Then tell me what you think would happen if I walked into a courtroom and handed the judge a fraudulent set of documents requesting that he ignore procedures designed to protect property rights in this... (Continue reading)

Tagged with: bank fraudulent foreclosures bank of america bankers foreclosure fraud Bernie Madoff California's 90-day foreclosure moratorium CDOs citibank credit default swaps FDIC Chair Sheila Bair FedChex federal reserve fraudulent affidavits fraudulent securitization GMAC/Ally Bank illegal foreclosures jpmorgan chase Kondaur Capital loan modifications mandelman matters martin andelman MERS ml-implode mortgage backed securities mortgage servicers NACA naked capitalism one west one west bank REMIC trusts REST Report restreportmatters.com RMBS robo-signers Treasury Secretary Tim Geithner US Bank 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)