Posts Tagged ‘REMIC’

GLASKI WINS! California Court of Appeal Ruling a Landmark for Homeowners… Maybe.

Written on 22 Aug, 2013 at 16:56

So, as a result of this now published decision by California's Court of Appeal, Mr. Glaski will now be allowed to return to state court to allege that his foreclosure was wrongful based on a challenge to the validity of... (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

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)