Iowa AG Miller to Hear Demands for Criminal Prosecutions, Loan Modifications Today

Posted by 4closureFraud on January 25, 2011 · 13 Comments 

Iowa AG Miller to Hear Demands for Criminal Prosecutions, Loan Modifications Hundreds of Iowans meeting Tom Miller to Demand a Strong National Settlement in the Foreclosure-gate Investigation Des Moines, IA – Following their December 14th meeting with Iowa Attorney General Tom Miller, who is leading the 50-state investigation of the “foreclosure-gate” scandal, over 250 members … Read more

Filed under bankruptcy, cdo, cds, Corruption, Fannie Mae, foreclosure, Foreclosure Fraud, Foreclosuregate, freddie mac, MERS, mortgage electronic registration system, Mortgage Fraud, securities fraud

E-mails Suggest Bear Stearns Cheated Clients Out of Billions and Now JPMorgan May Be on the Hook

Posted by 4closureFraud on January 25, 2011 · 5 Comments 

E-mails Suggest Bear Stearns Cheated Clients Out of Billions Lawsuit alleges the bank took extreme measures to defraud investors, and now JPMorgan may be on the hook Former Bear Stearns mortgage executives who now run mortgage divisions of Goldman Sachs, Bank of America, and Ally Financial have been accused of cheating and defrauding investors through … Read more

Filed under bankruptcy, cdo, cds, Corruption, Fannie Mae, foreclosure, Foreclosure Fraud, Foreclosuregate, freddie mac, MERS, mortgage electronic registration system, Mortgage Fraud, securities fraud

JP Morgan Sold Investors MBS Covered By “SACK OF SHIT” Loans… Then Shorted All Those With Exposure: A Goldman-AIG Redux

Posted by 4closureFraud on January 25, 2011 · 4 Comments 

Zero Hedge | JP Morgan Sold Investors MBS Covered By “SACK OF SHIT” Loans… Then Shorted All Those With Exposure: A Goldman-AIG Redux Today’s mortgage fraud stunner comes from Bloomberg’s Jody Shenn who reports on the ongoing lawsuit between Ambac and former Bear Stearns mortgage unit EMC, now part of JP Morgan. “JPMorgan Chase & … Read more

Filed under bankruptcy, cdo, cds, Corruption, Fannie Mae, foreclosure, Foreclosure Fraud, Foreclosuregate, freddie mac, MERS, mortgage electronic registration system, Mortgage Fraud, securities fraud

Bank of America Stopped Issuing Notices of Default in Non-Judicial States

Posted by 4closureFraud on January 25, 2011 · 6 Comments 

CNBC – The Next Robo-Signing Crisis? It’s the next big shoe to drop in the robo-signing foreclosure scandal. Call it part two. We already know banks halted foreclosure sales when it was discovered that servicers took short cuts, so-called “robo-signing” in the foreclosure sale process in judicial foreclosure states -about half the country. Now it … Read more

Filed under bankruptcy, cdo, cds, Corruption, Fannie Mae, foreclosure, Foreclosure Fraud, Foreclosuregate, freddie mac, MERS, mortgage electronic registration system, Mortgage Fraud, securities fraud

Financial Crisis Commission Finds Cause For Prosecution Of Wall Street

Posted by 4closureFraud on January 25, 2011 · 3 Comments 

Financial Crisis Commission Finds Cause For Prosecution Of Wall Street The bipartisan panel appointed by Congress to investigate the financial crisis has concluded that several financial industry figures appear to have broken the law and has referred multiple cases to state or federal authorities for potential prosecution, according to two sources directly involved in the … Read more

Filed under bankruptcy, cdo, cds, Corruption, Fannie Mae, foreclosure, Foreclosure Fraud, Foreclosuregate, freddie mac, MERS, mortgage electronic registration system, Mortgage Fraud, securities fraud

KABOOM | Nevada Judge Halts Bank of America’s ReconTrust Foreclosure Sales Statewide

Posted by 4closureFraud on January 25, 2011 · 9 Comments 

If anyone has the order, please send it over… Local judge halts ReconTrust foreclosure sales statewide A company that auctions off foreclosed homes for Bank of America is out of business in Nevada — at least for now. Fifth Judicial District Judge Robert Lane signed an injunction order Thursday that effectively halts all non-judicial foreclosures … Read more

Filed under bankruptcy, cdo, cds, Corruption, Fannie Mae, foreclosure, Foreclosure Fraud, Foreclosuregate, freddie mac, Front Page, MERS, mortgage electronic registration system, Mortgage Fraud, securities fraud