Proof of Ongoing Foreclosure Fraud and Mortgage Document Fabrication, in Five Emails. They paid $1.6 million in restitution and civil penalties. The company, specializing in servicing delinquent loans and based in Fort Worth, Texas, only has $95 million in total assets.
Richmond American Debuts Three Denver Metro Communities See headlines for MDC View Print Version More from PR Newswire. Three Exceptional Communities Now Selling at The Preserve and audie murphy ranch masterplans; richmond American to Debut New Models.
Mortgage Settlement Will Plunge Real Estate Values.. It pointed out that the $26 billion mortgage settlement is only an illusion.. The banks made up and forged documents and then told the court they were authentic. In many cases the bankers were forging "promissory notes."
Check Your Mortgage Documents for These Robo-Signatures!. The discovery of robo-signers could simply be the tip of the iceberg. If so, more revelations could only increase the pressure on large banks.. the "Robo" actions are just the tip of the iceberg but the "Robo" actions.
On Friday, Janet Yellen’s last day as chair of the Federal Reserve, the central bank imposed harsh penalties on Wells Fargo-the nation’s fourth-largest bank and its leading home lender-as punishment for its long-term abuse of consumers and employees. Much more than a slap on the wrist, the Fed announced that it would replace four members of Wells Fargo’s
They keep saying that Barack Obama will raise taxes, suggesting he’d raise them on everybody, when Obama’s plan, according to the Tax Policy Institute, would cut taxes for “about 80 percent of.
Title companies are not liable if borrowers fail to make their payments, only if there was a flaw in the title that was not found.
Whistleblower: Wells Fargo Fabricated and Altered Mortgage Documents on a Mass Basis. Not only is having Wells Fargo tamper with documents in this way dubious in many cases (more detail on that shortly), but amusingly, the bank does not even appear to be terribly competent at this sort of falsification.
John Dowd, Cindy McCain’s attorney, complained in a letter to New York Times executive editor Bill Keller earlier this month that the paper had scrutinized the GOP nominee’s wife but not investigated.
Mortgage paperwork mess: Next housing shock? Scott Pelley reports how problems with mortgage documents are prompting lawsuits and could slow down the weak housing market play cbs video Video The next housing shockAs more and more Americans face mortgage foreclosure, banks’ crucial ownership documents for the properties are often unclear and are sometimes even bogus,