SEC Charges UBS with Fraudulent Bidding Practices Involving Investment of Municipal Bond Proceeds

They must of made billions in profit to pay $160 million in fines… Just another slap on the wrist without admitting or denying the allegations in the SEC’s complaint… Just the cost of doing business, right??? Blah, blah, blah… FOR IMMEDIATE RELEASE 2011-105 UBS to Pay $160 Million to Settle Charges Washington, D.C., May 4, … Read more

Thousands Victimized | Jeff Thigpen, Registry of Deeds, Releases Foreclosure/Mortgage Fraud DOCX Victim Report

One county, one register of deeds, one focus area, THOUSANDS affected… List of locals affected by apparent mortgage fraud released GREENSBORO — Guilford County Register of Deeds Jeff Thigpen today announced that his investigation into apparent mortgage fraud has turned up more than 4,500 documents that appear to have been forged or improperly altered. Thigpen … Read more

MERS | Bristol County Board of Commissioners ask AG Martha Coakley About Possible Lawsuit Against Mortgage Electronic Registration Systems

  Bristol County Board of Commissioners ask AG Martha Coakley about possible lawsuit against mortgage corporation TAUNTON — The Bristol County Board of Commisioners voted unanimously Tuesday to send a letter to Massachusetts Attorney General Martha Coakley expressing interest in pursuing litigation against Mortgage Electronic Registration Systems, Inc, commonly known as MERS, for skirting public … Read more

FDIC Report | “Special Foreclosure Edition” Regulatory Actions Related to Foreclosure Activities by Large Servicers and Practical Implications for Community Banks

Supervisory Insights Special Foreclosure Edition Regulatory Actions Related to Foreclosure Activities by Large Servicers and Practical Implications for Community Banks This Special Foreclosure Edition describes lessons learned from an interagency review of foreclosure practices fraud at the 14 largest residential mortgage servicers and includes examples of effective mortgage servicing practices derived from these lessons. Full … Read more

SEC Seeks Public Comment on Short Sale Disclosure

SEC Seeks Public Comment on Short Sale Disclosure FOR IMMEDIATE RELEASE 2011-103 Washington, D.C., May 4, 2011 – The Securities and Exchange Commission today published on its website a request for public comment on the feasibility, benefits, and costs of two short selling disclosure regimes as a part of a study mandated by the Dodd-Frank … Read more

WSJ | Deutsche Bank Unit Stuffed Mortgage Reviews in a Closet. Literally

If you haven’t taken the time to read the lawsuit, United State of America vs Deutsche Bank and Mortgageit, Inc, I suggest you do. It is actually an easy read for being a legal document. I was talking about some of it with Lisa yesterday and was going to do a post about this particular … Read more

Bloomberg | DOJ, SEC, Probing Goldman After Senate Referral

Blah, blah, blah… How much do you think he will get “fined” and sign a deal that let’s them off the hook for everything? U.S. Agencies Probing Goldman After Senate Referral U.S. senators formally referred to the Justice Department and the Securities and Exchange Commission an investigative report that found Goldman Sachs Group Inc. (GS) … Read more

Angry Homeowners Arrested at Wells Fargo Shareholders Meeting

“Most Basic Values” Wells Fargo “We didn’t ask for this money from the federal government,” Stumpf said. “We took it, because we were told that it was good for America.” ~ Angry Homeowners Arrested at Wells Fargo Shareholders Meeting Demonstrators demand CEO declare a moratorium on foreclosures A group of angry homeowners and community advocates … Read more