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Where are the Indictments?

Abigail C. Field- Let’s be clear why there’s a mortgage deal: the banks broke the law. Several laws in fact, in ways that appear criminal as well as civil. Limiting their liability is the only reason...

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Steven J. Baum settles with NY AG Schneiderman; will pay $4M

What about the rest? This is an insult! Update: Pillar Processing is also part of this settlement. Buffalo Business First- The case of embattled foreclosure attorney Steven Baum has taken another turn...

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AGs to consider investor protections in foreclosure settlement

LOL…according to Tom Miller. Good Luck! HW- If the top five mortgage servicers begin to abuse bond investors under the foreclosure settlement write-downs, the attorneys general would consider some...

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John Walsh: Foreclosure settlement, consent orders do not conflict

Lets not confuse the word “Flaw” with “Fraud”…There is a major difference! HW- John Walsh, acting Comptroller of the Currency, said the recent $25 billion mortgage servicing settlement reached between...

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Pool guy, landscaper of $18 million foreclosure winner subpoenaed

“Hunger Games” Palm Beach Post- The pool guy, plumber and lawn man for a Palm Beach Gardens homeowner who recently won an $18 million settlement in a foreclosure-related lawsuit are being sought for...

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MBS damages: making cents of the $32 million Deutsche Bank deal

Alison Frankel- Ordinarily, a $32.5 million settlement of a securities class action against Deutsche Bank wouldn’t get much attention. But when the case is based on mortgage-backed securities and it’s...

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Abigail C. Field: Our Government Blessed Foreclosure Fraud

Abigail C. Field- The mortgage settlement signed by 49 states and every Federal law enforcer allows the rampant foreclosure fraud currently choking our courts to continue unabated. Yes, I realize the...

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Review Finds Possible Flaws in More Than 138,000 Bank Foreclosures

Not this word again “Flaw”…it’s FULL   B L O W N   FRAUD! Why wasn’t this review done prior to any settlement? Because they never began any investigation. DealBook- The nation’s biggest banks may have...

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BREAKING: The $25B Foreclosure Fraud settlement has been approved by U.S....

Via Nick Timiraos Nothing from the consent judgment entered into court in the $25B foreclosure settlement may constitute “evidence against Defendant.” WSJ- The settlement was announced in February and...

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[VIDEO] Shaun Donovan on the Foreclosure Fraud Settlement & Wish Wash

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Abigail Field: Hiding the Enforcement Fraud At the Heart of the Mortgage...

Abigail C. Field- On Thursday, April 5th U.S. District Court Judge Rosemary M. Collyer announced she had decided to sign off on the ”$25 billion” Mortgage Settlement. By “announced”, I mean she signed...

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Obama’s mortgage unit is AWOL … NY AG Eric Schneiderman should quit this fraud

What we have learned so far: Whenever dealing with the banks and or with the government, they are from the same mold. We cannot tell any difference. This “mortgage task force group” thing is also NO...

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Richard (RJ) Eskow: The White House And Mortgage Fraud: So Far It’s All Talk,...

HuffPO- The Obama Administration worked for months on a deal that would have let America’s biggest banks off the hook for a crime wave of runaway mortgage fraud. All they had to do in return was pledge...

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The Bankers’ Subversion of the Rule of Law, Notary and Land Records edition

Abigail C. Filed- Hi For the next couple of weeks, I’m one of the David Dayen subs at FireDogLake–no one person could fill his shoes–and this post ran there earlier today. This version is slightly...

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Abigail C. Field: Assessing Schneiderman’s Task Force Gamble

Abigail Field- My latest for FireDogLake. For even more confirmation that the Feds aren’t interested in bank accountability, regardless of the State half of the task force’s intentions, see Congressman...

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Branch Banking & Trust Company Agrees to Pay $83 Million to Resolve Alleged...

FOR IMMEDIATE RELEASE Thursday, September 29, 2016 Branch Banking & Trust Company Agrees to Pay $83 Million to Resolve Alleged False Claims Act Liability Arising from FHA-Insured Mortgage Lending...

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