The People of the State of New York v. Bank of America, Kenneth D. Lewis & Joseph L. Price
By LOUISE STORY Published: February 4, 2010 Bank of America settled a regulatory complaint with the Securities and Exchange Commission on Thursday even as New York’s attorney general accused the bank, its former chief executive and chief financial officer of securities fraud. In a lawsuit filed on Thursday, the attorney general, Andrew M. Cuomo, asserted … Read more
Securities and Exchange Commission v. Bank of America Corporation, Civil Action Nos. 09-6829, 10-0215
Bank Of America Agrees to Pay $150 Million to Settle SEC Charges The Securities and Exchange Commission today filed a motion seeking court approval of a proposed settlement whereby Bank of America will pay $150 million and strengthen its corporate governance and disclosure practices to settle SEC charges that the company failed to properly disclose … Read more
More than 7.2 Million Loans Behind On Payments; Estimated 1 Million Properties in REO Status
JACKSONVILLE, Fla. – Feb. 3, 2010 – The January 2010 Mortgage Monitor report, released by Lender Processing Services, Inc. (NYSE: LPS), a leading provider of mortgage performance data and analytics, showed that home loan delinquency rates in the U.S. have now surpassed 10 percent. Factoring in foreclosures in process, according to the data in LPS’ … Read more
Running Scared – The Enforceability Of Securitized Mortgages
Here is a interesting article I came across today from the bowels of the internets. It is written from the banksters perspective… Of course it is only intended as educational / informational purposes only… Emphasis added by 4closureFraud… TheOrb January 27, 2010 REQUIRED READING: An important and far-reaching decision recently issued by the Massachusetts Land … Read more
